Vancouver, British Columbia and Toronto,
Ontario - August 13, 2003 - Battery &
Wireless Solutions Inc. (TSXV: BWS) (the "Company")
announces its subsidiary, Peoplecauses.com Inc.
("Peoplecauses.com") has entered into
a five-year management contract with Factor X Solutions
Inc. of Whitby, Ontario.
The agreement is a five-year, renewable contract,
and includes the enhancement and implementation
of the Peoplecauses.com strategy in both Canada
and the U.S. "We are delighted to have been
chosen by BWS as the management company for the
execution of the Peoplecauses.com strategy,"
said Larry Kelly, President of Factor X Solutions
Inc. "We have always been excited about the
fundraising vehicle that Peoplecauses.com delivers
to non-profit organizations and now we will be instrumental
in driving its implementation to a much broader
market."
The Company also announces that concurrent with
this agreement, Peoplecauses.com has been selected
as the official fund raising organization for Gymnastics
Canada Gymnastique. "We are proud to announce
the appointment of Peoplecauses.com as the official
fundraising organization for Gymnastics Canada Gymnastique",
said Jean-Paul Caron, President and CEO from his
office in Ottawa, Canada. "Together with the
enhanced capabilities of Peoplecauses.com we look
forward to reaching a new level of fundraising for
our organization."
Fundraising has not changed in 40 years, until
now. Peoplecauses.com is about "People Helping
People", where Corporations and Communities
come together to help people with worthwhile causes.
Peoplecauses.com is committed to providing an efficient
platform and the very best Fundraising Products
to help non-profit organizations exceed their fundraising
goals.
Peoplecauses.com Inc is a wholly owned subsidiary
of BWS and is engaged in the business of providing
well managed Fundraising Methods and Products for
a wide variety of non-profit organizations in Canada
and the U.S., including Schools, Community Groups,
Sports Team and Leagues and other non-profit organizations.
"As a result of our association with Larry
Kelly and his team, Peoplecauses.com will begin
generating its first significant revenues for BWS
this year," said James Dodds, COO of Battery
& Wireless Solutions Inc. "We recognize
that the Peoplecauses.com concept has tremendous
potential, and are very pleased that it is now evolving
to become a very useful tool for non-profit organizations
as well as a profitable and growing component of
the BWS Group of Companies."
About Battery & Wireless Solutions
Inc.
Battery & Wireless Solutions Inc. (TSXV: BWS)
is Canada’s largest independent distributor
of battery and battery-related products. Through
its core business units, Battery & Wireless
Solutions brings together the infrastructure needed
to offer an efficient, nationwide distribution network
that touches every type of customer from large-scale
distributors to end user consumers. It is the only
company in Canada offering a comprehensive range
of products that fulfills every battery need including
industrial, automotive, deep-cycle, motorcycle,
portable devices and more. For more information
visit www.bwsinc.com
The Company’s two core business units deliver
an effective and responsive distribution path from
manufacturers to end-users. The Company’s
expansive wholesale distribution channel, established
by Magnacharge Battery Corporation, supplies a wide
range of master-distributors, original equipment
manufacturers (OEMs) and resellers. Through its
Battery World business unit, Battery and Wireless
Solutions is focused on commercial businesses and
consumers through its strategically located commercial/retail
operations and a premier web store at www.buyabattery.com.
The Company’s two ancillary business units
are Elm Industries Inc., a technology-based business
unit and developer of an award-winning battery protection
device, and PeopleCauses.com Inc., a community support
initiative for non-profit groups.
Forward Looking Information
Certain statements in this release, other than statements
of historical fact, are forward-looking information
that involves various risks and uncertainties. These
can include, without limitation, statements based
on current expectations involving a number of risks
and uncertainties related to all aspects of the
industry. These risks and uncertainties include,
but are not restricted to, continued increased demand
for the Corporation’s products and the Company's
ability to attract and maintain key employees.
These uncertainties may cause actual results to
differ from information contained herein. There
can be no assurance that such statements will prove
to be accurate. Actual results and future events
could differ materially from those anticipated in
such statements. These and all subsequent written
and oral forward-looking statements are based on
the estimates and opinions of management on the
dates they are made and expressly qualified in their
entirety by this notice. The Corporation assumes
no obligation to update forward-looking statements
should circumstances or management's estimates or
opinions change.
For further information, please contact investor
relations:
Email: investorrelations@bwsinc.com
Tel: 604.525.0489 ext 313