NEWPORT BEACH, Calif., Dec. 16, 2010 /PRNewswire-FirstCall/ -- Newport Digital Technologies, Inc. (OTC Bulletin Board: NPDT) announced today that it will conduct a shareholder conference on Thursday, January 6, 2011 at 1:30 PM PST to provide shareholders an update on progress the company has made in executing is business plan and to provide an outlook for 2011. Recently appointed NPDT CEO, Don Danks; President, Weiling Tsao and Senior Managing Director Richard Tanimoto will host the call. The call in number for the conference call is 877-311-2008 and the pass code is 926910.
The Company will provide prepared remarks and then open up the call for a live question and answer session.
Said Mr. Danks, "NPDT has worked hard the past year to introduce RFID and Digital Signage solutions into the market. Because we are still pre-revenue, the progress we have made to date is not reflected in our financial results. However, on this call we will strive to give shareholders a better understanding of our progress, our strategy and recent business developments. I understand that shareholders are anxious to understand NPDT's future. We are faced with the challenge of selling sophisticated and complex solutions with a long sales cycle. As a start up, our biggest challenge has been overcoming the lack of a track record. As we have pointed our many times, what we do have is state of the art technology with minimal R&D risk; a low fixed cost structure and a sales pipeline with excellent prospects. We are focused on generating our first sales, developing a proof of concept for our model, and leveraging early successes into long-term opportunities. We look forward to updating everyone on the call."
Newport Digital Technologies, Inc. (NPDT) is a technology solutions driven company organized to focus on serving five of the fastest-emerging businesses in the technology space -- RFID (radio-frequency identification), WiMax, eLearning, and LED Digital Signage and LED Lighting solutions. NPDT develops and delivers these technology solutions through strategic collaborations with global partners, including Taiwan Industry and Taiwan's premier technology R&D incubators -- the Institute for Information Industry (III) and the Industrial Technology Research Institute (ITRI). NPDT will customize these technology solutions and market them through Fortune 1000 channel partners and systems integrators on a worldwide basis.
Safe Harbor: This press release contains certain forward-looking statements with respect to NPDT and its business. Statements that are not historical facts are identified as "forward-looking statements". The words "estimate", "project", "intend", "expect", "believe", "plan", and similar expressions, particularly when used in the "future tense", are intended to identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Information on potential risk factors that could affect the NPDT's business plans and financial results can be found in NPDT's reports filed with the Securities and Exchange Commission. NPDT assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Newport Digital Technologies, Inc. has its headquarters located in Newport Beach, California, and branch offices in Taiwan, Australia and Japan.
Corporate Headquarters Newport Digital Technologies, Inc. 620 Newport Center Drive, Suite 570, Newport Beach, CA 92660 USA - Corporate Headquarters Tel: +1-888-716-2511 Fax: +1-949-219-0528
newportdt.com Contact: Don Danks
SOURCE Newport Digital Technologies, Inc.