AGT's `Aimagine' signs Japanese distribution agreement with Mitsubishi Corporation
AMEX and TSE: AGT
AUSTIN, TX, Oct. 19 /CNW/ - AimGlobal Technologies (AMEX and TSE: AGT)
today announced it's Internet Business Software Products division -- `Aimagine
Global Software Company', has entered into a master distribution agreement
with the Japanese business and consumer products giant, Mitsubishi
Corporation. The Company confirmed that `Mitsubishi' and it's wholly-owned
computer products subsidiary, `Sirius' will market and distribute the Aimagine
suite of Synergy Software products in Japan. The Company confirmed that, along
with Synergy products, Mitsubishi currently and strategically also markets and
distributes the Allaire Corporation (NASDAQ: ALLR) ColdFusion product line to
the Japanese marketplace.
Synergy, the Company's line of Internet-enabling business software
products are being marketed by Mitsubishi for it's unique and innovative
solutions for addressing Internet business communication needs of their
Japanese customers requiring communications, business and task management over
the Internet.
Steve deJaray, Chairman and Chief Executive Officer of AimGlobal
Technologies stated, ``This is a tremendous business opportunity for AimGlobal
as Synergy Software Products emerge as the cutting-edge web-based applications
software, particularly in the Japanese market. Mitsubishi hosted a very
successful launch of Synergy in Tokyo, Japan where their key corporate
customers attended. Mitsubishi, together with Sirius, are well connected to
the Japanese enterprise software market and we are very optimistic about their
ability to further introduce Synergy to enterprise customers in Japan that
require Intranet solutions'.
deJaray continued, ``We enjoy a highly strategic relationship with
Allaire Technologies (NASDAQ: ALLR) where working together we are expanding
the markets for each other's products. Synergy customers are benefiting form
ColdFusion and Allaire ColdFusion customers are benefiting from Synergy.
Mitsubishi Corporation and Sirius are cultivating the same market for both
Allaire's ColdFusion and our Synergy suite of products. The distribution
channels and potential customers are identical'.
deJaray concluded, ``Partnering now with Mitsubishi, as well as just
recently, Fujitsu Keiyo Engineering Systems Ltd., ``Fujitsu', is setting the
stage for a growing presence and rising demand in the Japanese marketplace for
our suite of Synergy Software Products -- the new generation of robust, richly
structured, secure, multi-tiered Internet applications and web-based
solutions'.
About the Company
Founded 14 years ago, and through three operating subsidiaries, AIMGlobal
Technologies serves the Medical, Aerospace, Communications, Industrial,
Military, Power Utility, Emergency Services Consumer markets and Internet
business applications markets. With operations in Texas, New York State,
Ontario and British Columbia, AIMGlobal Technologies is a recognized technical
innovator and a leading manufacturer of proprietary microelectronic solutions
and hazardous air and gas monitoring products for life, health and safety
applications.
Safe Harbor Statement
Certain information in this press release contains ``forward looking
statements' within the meaning of the Securities Exchange Act of 1934,
including those concerning the Company's future results and strategy. Actual
results could differ from those in the forward looking statements due to a
number of uncertainties, including, but not limited to, the demand for the
Company's products and services; the size, timing and recognition of revenue
from significant orders; increased competition, changes in Company strategy;
product life cycles; the impact of rapid technological advances, evolving
industry standards, changes in customer requirements, and fluctuations in
foreign exchange rates. The Company's expense levels are based, in part, on
its expectations as to future revenue and a significant portion of the
Company's expenses do not vary with revenue. As a result, if revenue is below
expectations, results of operations are likely to be materially adversely
effected.
For further information: AIMGlobal Technologies, Janice Hamer,
(604) 205-7609 |
