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  • BY: Andrew Hore |
  • POSTED: 14/05/2009 |

Adwalker has unveiled the prototype of the third generation of wearable media but production will not start until the company obtains a certain level of pre-orders.

Adwalker has spent significant sums of money on developing the third generation of the wearable media and it is changing its business model in order to generate revenues more quickly.

The third generation will be launched later this year although the exact production date will depend on the level of pre-orders.

When a customer pre-orders the unit will be supplied for nothing but an activation fee will have to be paid each week.

Adwalker will still need extra cash in order to put the new unit into production.

At 0.07p a share, Adwalker is valued at 180,000. 

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