London, United Kingdom, November 18, 2010 --(PR.com
)-- HiTech Stages Ltd., Frankfurt Trading Symbol: JT2.F and German Securities Code: (WKN: A0YC2Y), announced today that Stageco will complete the design engineering of Stage-X on time and before year-end. As previously stated, Stageco has embodied several novel technologies that will both raise the image profile of the stage and materially reduce the deployment time and costs to event managers.
HiTech Stages Ltd, CEO, David Rebak commented, “Having just returned from a meeting with Stageco, I would like to update our shareholders and prospective clients that the final design specs will be announced shortly and unveiled on our corporate website." HiTech Stages timeline for starting manufacturing in early 2011 is currently on track with earlier estimates.
Stage-X will offer event organizers material savings and advantages over conventional staging including:
· All lighting, sound, large video screens and power supply components are built into the stage so logistics are simplified, as we will be a ‘one stop shop’ instead of the event organizer having to rent the stage from one company and power, video screens, sound and lighting from multiple other sources.
· As the stage can be self driven from the parking area to the actual event site under its own power and without requiring a tractor, it is more maneuverable and should cause less damage to grassed areas.
The rapid deployment time will allow:
1. Locations to be used that would otherwise be impractical with conventional staging.
2. The event organizer to rent just one stage for a multi city store instead of having to rent several that ‘piggy back’ each other.
3. The Company to use the stage for events at different locations in the same city on two consecutive days.
Additionally, Mr. Ian Hamilton has made significant progress with several major event organizers who have expressed a high level of interest in their stage.
The company issued a press release on October 26, announcing it had signed an Agreement with Mr. Hamilton to lead its sales and marketing efforts targeted towards the next 3 Olympic Games (London, Sochi and Rio), the Commonwealth and Pan America Games and the World Cup. Ian is a well-known large event professional and brings many years of Olympic and major event experience to HiTech.
Stageco Belgium NV has more than 25 years experience and has become a pioneer and trendsetter in designing and building innovative staging solutions. The Group currently has nine offices worldwide including its headquarters in Belgium, and its local offices in Germany, France, the Netherlands and the USA. The Company is known for achieving the highest level of engineering excellence and proprietary staging systems. They have built stages for U2’s 360 World Tour, AC/DC, Coldplay, Bruce Springsteen, Bon Jovi, Andre Rieu, Genesis, Robbie Williams, The Rolling Stones and many more.
About HiTech Stages Ltd.
With significant investment in design engineering and market development, the Company intends to build 20+ stages over the next few years and locate each one strategically to take advantage of the identified worldwide demand. They will be constructed by the worlds leading stage manufacture and include power generation, computerized lighting, sound, big screens and a multi-media control center. The management team and company advisors are all well experienced in building profitable rapid growth companies. Our website is: www.hitechstages.com
HiTech Stages Ltd. is registered in England and Wales with Company Number 7126523. The Registered Office is in London, England.
According to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934 apply statements, forecasts, expectations, beliefs, plans, objectives and assumptions regarding future events or bring benefits to express or contain, are based not as historical facts and may therefore be forward-looking statements. "Forward-looking statements on expectations, estimates and plans at that time the statements were made, and therefore include a number of risks and uncertainties, that could cause actual results or events to differ materially from those currently expected. HiTech Stages Ltd. is not obligated to update forward-looking statements in this press release.