Tuesday October 7 2:20 PM EDT
Company Press Release
Advanced Electronic Support Products Obtains Exclusive Two Year Agreement to Supply FOCUS Enhancements with Minimum of $2.5 Million in PC to TV Video Cable Products
MIAMI--(BUSINESS WIRE)--Oct. 7, 1997--ADVANCED ELECTRONIC SUPPORT PRODUCTS, INC. (''AESP'' or ''the Company'') (Nasdaq SmallCap: Shares - AESP, Warrants - AESPW; Chicago Stock Exchange: Shares - ADS, Warrants - ADSWS) today announced that it has entered into an exclusive, master supply agreement under which FOCUS Enhancements, Inc. (''FOCUS'') will purchase from AESP a minimum of $2.5 million of custom PC to TV video cable products over a period of two (2) years.
According to Brett Moyer, President and COO of FOCUS Enhancements, ''By consolidating our video cable purchase to one quality supplier, FOCUS will reduce its costs, improve its margins and improve its quality. AESP has a strong track record of timely delivery and commitment to product quality.''
Slav Stein, President of AESP, commented, ''We are excited to have our high-quality cable products be a part of the FOCUS PC to TV products. As this technology gains market popularity, AESP expects to benefit as a supplier to an industry leader, and we look forward to a highly successful relationship with FOCUS.''
Advanced Electronic Support Products, Inc., designs, manufactures, markets and distributes computer connectivity and networking products to retail and OEM customers worldwide. The Company offers a broad range of products to its customers, including computer cables, connectors, installation products, data sharing devices, and fiber optic cables, as well as a complete selection of networking products, such as networking interface cards, hubs, transceivers and repeaters for different networking topologies.
FOCUS Enhancements, Inc. is an industry leader in the development and marketing of advanced, proprietary video scan conversion products for the rapidly converging, multi-billion dollar computer and television industries. The Company's products, which are sold globally through Original Equipment Manufacturers (OEMs) and resellers, merge computer-generated graphics and television displays for presentations, training, education, video teleconferencing, Internet viewing, and home gaming markets. In addition, the Company is developing a family of products that will enable the current installed base of televisions, VCRs, and camcorders to remain functional in upcoming HDTV environments.
Safe Harbor Disclosure under the 1995 Securities Litigation Reform Act. This press release contains forward-looking statements, which involve risks and uncertainties. Advanced Electronic Support Products' actual results could differ materially from the results anticipated herein. For further information, please see the Company's Annual Report on Form 10-KSB for the 1996 fiscal year.
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