LAS VEGAS, March 29, 2016 /PRNewswire/ -- XLI Technologies, Inc. (OTC PINK: XLIT) (the "Company" or "XLI") is pleased to announce placements of the Printed LightSheets in 250 theater locations within the US.
XLI Technologies, Inc. has just confirmed the completion of the first Printed LightSheet order (2'x 3' and 2' x 4'). This will begin the placements in 250 theater locations within the US. This is phase 1 of over 1,900 theater location placements which should be completed by July 2016. This is also the beginning of contract fulfillment's in which substantial business and revenue begin.
James Schramm, CEO of XLI Technologies, Inc., stated, "It has taken several months to properly position this program regarding our theater Printed LightSheet rollout. This positions the value and asset of the Printed LightSheets to the theater locations which will generate additional orders than what we already have in place for the 1,900 theater location placement due by July (Phase 1). I'm very excited to see the Printed LightSheets actually being presented in the market place generating substantial business and awareness."
About XLI Technologies, Inc.
XLI Technologies, Inc., through its wholly owned subsidiary, Bosch International, LLC, provides unique, versatile, durable, and eco-friendly nanotechnology printed lighting products (Printed LightSheets™) to the entertainment sector, including movie theaters, movie studios, production and distribution companies, talent and management agencies, marketing and PR firms, outdoor media and limited automotive in the USA and Canada. The Company is also exploring several other potential applications of the technology as well as expansion of territory rights.
Notice Regarding Forward-Looking Statements
This press release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with intellectual property protection, marketing and sale, manufacturing and distribution and difficulties associated with obtaining financing on acceptable terms. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
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SOURCE XLI Technologies, Inc.