Digital Development Receives First Revenues from Delivery of EFT-Smartphones
Business Wire “Press Releases – English “
CITY OF INDUSTRY, Calif. –(BUSINESS WIRE)– Digital Development Partners, Inc. , (OTCBB:DGDM) announced that it has delivered the first shipment of Smartphones to its customer EFT International . The initial shipment was part of an original purchase order received by the Company last May for 100,000 EFT-Smartphones with Wi-Fi and VoIP capabilities. The initial purchase order called for 20,000 handsets to be delivered throughout the fall of 2010, with the first run being 5,000. In order to comply with the specifications set forth by EFT, several software revisions, additional R&D and updates were required. The manufacturer recently completed and shipped the initial first run of 500 handsets which is branded the EFT Smartphone.? The completion of this shipment also represents the first revenues to the Company of approximately $100,000 . Digital anticipates shipping the balance of 4,500 handsets, to complete the first run of 5,000, by month end.
Jack Qin , Chairman and CEO, stated, We are very happy to have finally made this first delivery after extensive enhancements to the new EFT-Smartphone which brought it current with todays very fast moving and ever-changing Smartphone technology arena. We are also excited to hear from our client EFT International that phone orders are continuing to come in from the EFT affiliates. With this fantastic response from the affiliates, Digital will continue to provide a steady supply of its current model of Smartphone to EFT International?. Qin went on to say, We have recently returned from the 2010 Shanghai World Expo and the Hong Kong Electronics Show where we have started testing and hope to introduce to the market additional specialized Smartphones Pads and other PDA devices.?