MISSION VIEJO, Calif., Nov. 7, 2011 /PRNewswire/ -- 5BARz International Inc. (OTCBB: BARZ), (Berlin Stock Exchange: O5B), (hereafter "5BARz" or the "Company") is pleased to announce that 5BARz AG, a subsidiary of 5BARz, based in Zurich, Switzerland has engaged BDC Investment AG, an independent investment company, based in Zurich, Switzerland, to raise up to US 7 million dollars, on a best efforts basis. In addition BDC Investment AG will provide 5BARz AG with financial consulting and the dissemination of corporate financial information to shareholders.
5BARz AG has entered into a Marketing and Distribution Agreement with 5BARz for the exclusive sales and distribution rights of 5BARz products in Germany, Austria and Switzerland.
Mr. Daniel Bland, the CEO of 5BARz International Inc. states that "We are pleased to be collaborating with BDC Investment AG at this stage of our development."
Mr. Juerg Burkhardt, CEO of BDC Investment AG stated that "We are very impressed with the 5BARz product and the distinct advantages of their patented cellular booster technology. Further, we believe there will be a significant need for their product in the 5BARz AG licensed territory as the cellular industry continues to focus on data transmission over their networks. We are excited in offering this investment opportunity in 5BARz AG to the European investors we have worked with in the past."
About 5BARz International Inc.
5BARz International Inc. holds the exclusive global marketing and distribution rights and holds a 50% ownership interest in the technology underlying the 5BARz™ products. 5BARz™ is a cellular network extender for use in the small office, home and mobile market places. 5BARz™ incorporates a patent-pending technology to create a highly engineered, single-piece, plug 'n play unit that strengthens weak cellular signals to deliver high quality signals for voice, data and video reception on cell phones and other cellular equipped devices. 5BARz™ represents a key solution for cellular network operators in providing clear, high quality signal for their subscribers with a growing need for high quality connectivity.
About BDC-Investment AG
BDC Investment AG is a regulated financial intermediary based in Zurich, Switzerland. BDC specializes in raising capital for exceptional companies through venture capital and new issue share placements with its investors.
5BARz International Inc's shares are publicly traded on the OTCBB under the ticker symbol BARZ in the US and on the Berlin Stock Exchange (www.boerse-berlin.com) under symbol "O5B".
On behalf of the Board of Directors
"Mr. Daniel Bland" CEO & Director
5BARz International Inc.
Legal Notice Regarding Forward-Looking Statements
The information contained in this release consists of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Such forward--looking statements involve known and unknown risks and uncertainties, including all business uncertainties relating to product development, marketing, market acceptance, future capital requirements, and competition in general that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward--looking statements whether as a result of new information, future events or otherwise.
SOURCE 5BARz International Inc.