Bill Schaefer, President & Chief Executive Officer of Platforms Wireless International Corp. (OTCPK:PLFM), is entering into discussions for a possible joint venture with or acquisition of a going-concern enterprise/income generating asset that could bring revenues and profitability to Platforms. Schaefer stated that the discussions are in their early stages, but a letter of intent formalizing the ongoing discussions and negotiations could possibly be executed in the near term. The letter of intent is required to provide both parties with the time necessary to perform all required due diligence, and verify the mutual benefits and advantages of the proposed undertaking.

Schaefer stated, "I am well acquainted with the principals involved in the proposed transaction, and, if we can come to terms, the acquisition could prove beneficial to both organizations. This is the first of a number of projects I have in mind for Platforms. I'm confident any one of these projects could infuse the company with the energy of revenue flow for forward momentum. I look forward to working with the management and the support of our shareholders to implement our business plans." Ron Minsky, Vice President and Chief Operating Officer of Platforms stated, "Schaefer has launched the development of new, exciting opportunities for our company, and the PLFM management team is fully supporting his efforts.

We look forward to executing our business plans for the benefit of the company and its shareholders."