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Advanced Powerline Technologies, Inc., Today Hails FCC Decision Regarding Broadband-Over-Power-Line (BPL) Technology. WOODWARD, OK - November 7, 2006 -- Advanced Powerline Technologies, Inc., (Pink Sheets: APWL) announces today that the company hails a decision by the FCC to classify Broadband-Over-Power-Line (BPL) as an information service. Advanced Powerline Technologies, Inc., (APT) today hails a decision by the FCC to classify BPL as an information service as the right choice for the power line communication (PLC) industry. This decision removes the potential regulatory burden that would have been placed on the industry if BPL had been classified as a telecommunications service, and puts BPL in the same category as DSL and cable modem technologies. A company spokesman noted, "A high regulatory burden, or even the threat of such a burden, can slow the development and implementation of new technology as companies wait to see what regulations will be imposed and what it will cost to comply with them. This decision defines the playing field and allows the industry to move forward. Ultimately, we believe it will provide consumers with more services and more choices of information services, especially in markets currently underserved by DSL and cable modem." The FCC had previously ordered that BPL providers could not interfere with existing radio services (i.e. could not cause harmful interference). Taken together, that decision along with the new classification clears the way for the introduction of BPL and other PLC systems while still requiring that those systems be introduced responsibly and free from harmful interference. A company spokesman further stated, "Back when most providers or potential providers of BPL service were asking the FCC for a relaxation of interference requirements, APT stated its belief that the technology could and should meet the interference requirements imposed on other technologies. We conducted tests of our technology verified by an independent third-party and posted the results of those tests publicly on our web site. Our July 2, 2004 comment to the FCC recommended that PLC and BPL be held to the same interference standards as other technologies and that BPL be classified in the same category with DSL and cable modem systems. We are happy to see that the FCC decisions are very consistent with our recommendations. As we see it, the way has been cleared for companies that can produce BPL systems that meet the interference requirements. We believe that we can do it better than anyone else in the world." Advanced Powerline Technologies, Inc., believes we are poised on the forefront of a new wave of technology that will have applications from home electronics to Homeland Security. APT's principal business focus is to create and develop Broadband over Power Line (BPL) and Power Line Communications (PLC) friendly devices, products, and services. Power lines run to practically every building and within each building, usually to many points in each room. PLC allows devices to communicate over the existing power lines, while BPL uses power lines as a broadband internet connection. Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by Advanced Powerline Technologies, Inc., (the "company"), as well as those contained herein, that are not historical facts are "forward-looking" statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, and because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements, including those in Management's Discussion and Analysis, are statements regarding the intent, belief, or current expectations, estimates, or projections of the company, its directors, or its officers about the company and the industry in which it operates and are based on assumptions made by management. Forward-looking statements include without limitation statements regarding: (a) the company's strategies regarding growth and business expansion, including future acquisitions; (b) the company's financing plans; (c) trends affecting the company's financial condition or results of operations; (d) the company's ability to continue to control costs and to meet its liquidity and other financing needs; (e) the declaration and payment of dividends; and (f) the company's ability to respond to changes in customer demand and regulations. Although the company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions are generally intended to identify forward-looking statements. Important factors that could cause the actual results to differ materially from those in the forward-looking statements include, among other items, (i) changes in the regulatory and general economic environment; (ii) conditions in the capital markets, including the interest rate environment and the availability of capital; (iii) changes in the competitive marketplace that could affect the company's revenue and/or cost and expenses, such as increased competition, lack of qualified marketing, management or other personnel, and increased labor and inventory costs; (iv) changes in technology or customer requirements, which could render the company's technologies noncompetitive or obsolete; (v) new product introductions, product sales mix, and the geographic mix of sales. The company disclaims any intention or obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this advertisement are forward-looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, governmental approval processes, the impact of competitive products or pricing, technological changes, and the effect of economic conditions. CONTACT: Advanced Powerline Technologies, Inc. |
Advanced Powerline Technologies, Inc. World Headquarters One APT Drive Woodward, OK 73802-0429 USA Phone: (310) 544-8894 E-mail: info@oneaptdrive.com www.AdvancedPowerline.com Symbol: APWL Current Price: 0.08 (10/11/2006) 10 Day Average Volume: 76,313 52 Week Range: 0.05 - 1.00 |
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