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Children's Internet Inc (CITC) PDF Print E-mail

The Children's Internet, Inc. (OTCBB: CITC) (hereinafter referred to as "TCI") announced today that it has completed the incorporation of a sister company called the Kid Wide Web, Inc., a Nevada corporation.

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Aura Systems Inc (AUSI)
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Aug 18/10 09:15 Aura Systems, Inc. Delivers and Integrates First Two of Its VIPER Systems Featuring 16 kW, 220V Three-Phase Systems for Korean Army (BIZ)
Jul 26/10 06:15 Aura Systems Inc. Receives $655,000 Order from the South Korean Army for the VIPER Mobile Power Solution (BIZ)
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Richard J. Lewis III, CEO and Chairman of TCI, stated that, "The Kid Wide Web will house the award winning internet security solution known as the Wizard Lock Security(TM). Unlike traditional filter products, the Wizard Lock Security(TM) incorporates a unique, patent pending technology to provide a system of unparalleled security while at the same time providing a dynamic, age appropriate kid-based community, complete with many of the most popular interactive gaming sites."

Mr. Lewis added, "The Kid Wide Web relationship will allow us to upgrade our product and to take a new, fresh approach to the marketplace. Furthermore, the Kid Wide Web will enter into a license and service agreement with TCI that should allow TCI to maximize revenues while cutting back its overhead."

Mr. Lewis concluded by saying, "This is a sound corporate structure that is a win-win proposition for both companies."

Awards won by The Children's Internet®:

The Children's Internet® was declared winner of Outstanding Products of 2006 by iParenting Media Awards in the software category.

The Children's Internet® received the coveted National Parenting Center's Seal of Approval.

The Children's Internet® was ranked by PC Magazine as Editors' Choice in the category of "Kids' Browsers and Services" and declared the winner, rated #1 over AOL, MSN and EarthLink.

Forward-Looking Statements:

This press release may be deemed to contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements are made as of today's date and we do not undertake any obligation to update forward-looking statements. You can identify such statements by our use of such words as "should," "expect," "will," "intends," and similar words and phrases which denote future events and which may depend on the future performance of the Company. Specifically, these include statements as to future product releases, the implementation of strategic initiatives and the ownership in TCI upon completion of the transaction and whether or not the transaction will be consummated. Our assumptions underlying these statements are also "forward-looking" statements. Forward-looking statements are based on information and assumptions that are dynamic in nature and subject to rapid and sometimes abrupt changes. Our forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those stated or implied by the statements. Our forward-looking statements are also subject to important risks and uncertainties detailed in our latest reports filed with the SEC and available on its website at www.sec.gov.

 

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