SOURCE: WGI Holdings Inc.
SCOTTSDALE, AZ--(Marketwire - Jun 1, 2012) - WGI Holdings, Inc. (PINKSHEETS: WGIH) wishes to announce that it has issued a letter to shareholders from President, Gregory Ellis. The text of the letter appears below.
As your new president of WGI Holdings, I wanted the opportunity to address the new direction of the company and our future prospects.
Here are a few of the highlights:
We have decided to enter the growing business of "Cloud Computing" and the opportunities that surround this area of IT.
Cloud computing comes into focus only when you think about what IT always needs: a way to increase capacity or add capabilities on the fly without investing in new infrastructure, training new personnel, or licensing new software. Cloud computing encompasses any subscription-based or pay-per-use service that, in real time over the Internet, extends IT's existing capabilities.
Areas that we intend to target with our services are:
We will be utilizing the power of Cloud computing in order to ensure that required resources are always available while also giving you peace of mind. If there is a hardware failure virtual servers will be automatically moved to another host in the cloud and brought back online within a few seconds meaning downtime will be a thing of the past.
Client Software will consist of number of very useful and powerful applications for file synchronization, backup, sharing and more.
Over the past twenty years from 1990 to 2010, the world use of mobile phone subscriptions grew from around twelve million to over four billion making it the fastest growing technology in history.
MyBitCloud 4 Mobile will help backup, synchronize, access, share and download documents, photos, music and video across the devices.
We are in the process of securing additional funding for the business and anticipate an announcement in the very near future regarding this.
Discussion have begun with a number of private equity firms about some synergistic arrangements that will have the potential to vault the company into the next level of cloud computing. This would present some very good opportunities with this space.
It is our intention to look at possible mergers and acquisitions within the Cloud Computing space to enhance and grow our business.
The future for MyBitCloud is very promising and our dedicated team of professionals will be working for the company and you our shareholders to enhance the value of the Company and the value of our stock.
We anticipate more news coming out in the near future on more developments.
President - WGI Holdings, Inc.
About WGI Holdings
WGI Holdings's goal through its operating subsidiary MyBitCloud is to become a leading provider of Personal & Business Cloud services that enable users and organizations to access ALL of their data, anytime, anywhere, and from any supported device.
MyBitCloud will enable users and organizations to have unlimited storage capability while also providing backup, synchronization, access and sharing capability of any file instantly and securely. More information can be found on our website: www.mybitcloud.com.
This summary contains forward-looking statements within the meaning of the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. These statements address future events and conditions concerning the Company's business plans. Such statements are based on management's current expectation and are subject to a number of factors and uncertainties, such as future economic conditions and changes in anticipated revenues and costs, which may cause actual results to differ materially. The Company expressively disclaims any future obligation or undertaking to update or revise any forward-looking statements contained herein. Investors and potential investors should independently investigate and fully understand all risks before making investment decisions.