MILPITAS, Calif., May 5, 2011 /PRNewswire/ --AmbiCom Holdings, Inc. (OTCQB:ABHI), a leader in the development of wireless products for medical equipment suppliers, today announced that it has retained Hayden IR, a national, New York-based investor relations consulting firm, to develop and implement a strategic investor relations program to raise its visibility and strengthen its relationships with the investment community.
“Wireless medical devices are one of the fastest growing segments in the medical industry today, and our wireless solutions and key relationships with leading medical device manufacturers have positioned us as the leading supplier for this space,” commented John Hwang, Chairman and CEO of AmbiCom. “As a result of market opportunity available to us with our expanding portfolio of specialized WiFi and Bluetooth technology solutions, we have retained Hayden IR to help us build shareholder value by developing a comprehensive program that expands our visibility within the investment community.”
With offices in New York, Phoenix, Minneapolis and San Diego, Hayden IR provides a comprehensive range of investor relations services to a growing list of clients. For more than a decade, Hayden IR has been a recognized leader in driving market recognition and creating sustainable competitive advantages for more than 100 micro- and small-cap companies. Hayden delivers expertise and professionalism in such areas as investor management, relationship building, awareness campaigns, online presence and corporate identity.
Dave Fore, Senior Research Analyst at Hayden IR, added, “We are very excited about the market opportunity available to AmbiCom and its presence in the rapidly growing converged wireless healthcare space. AmbiCom has already proven itself as a reliable supplier of wireless solutions for medical applications. Now the company is focusing on moving up the medical device ‘food chain’ from providing components and software to delivering complete integrated wireless solutions to the medical industry. We believe AmbiCom has positioned itself well to take advantage of the expanding opportunities in both the healthcare professional and the home consumer spaces.”
About AmbiCom
AmbiCom is headquartered in Milpitas, California, and is a leading designer and developer of wireless products focusing on the wireless medical industry. The Company’s wireless modules and devices are based on the Company’s innovative application software for both Wi-Fi and Bluetooth technologies. AmbiCom is committed to wireless design and development of software and hardware, and to bringing new and innovative products to the wireless medical markets and other sectors. The Company plans to grow organically, and to augment that growth by selectively acquiring complementary products and technologies via acquisition opportunities deemed to be of strategic value.
Forward-Looking Statements
This press release contains ‘forward-looking statements’ within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Although the forward- looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements including, but not limited to, our ability to maintain our website and associated computer systems, our ability generate sufficient market acceptance for our shipping products and services, our inability to generate sufficient operating cash flow, and general economic conditions. Readers are urged to carefully review and consider the various disclosures made by us in the our reports filed with the Securities and Exchange Commission, including those risks set forth in the Company’s Current Report on Form 8-K filed on November 13, 2007, which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.
Contact:
Dave Fore, Client Manager and Senior Research Analyst, Hayden IR: (206) 395-2711 or dave@haydenir.com
SOURCE AmbiCom Holdings, Inc.
