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(BSNS WIRE) Netplex, Oklahoma Christian University Team to Develop Model 'e
Netplex, Oklahoma Christian University Team to Develop Model 'e-Campus' for
University Marketplace; Relationship Includes Two Year, $1.5 Million Services
Contract
Business Editors/Hi-Tech Writers
RESTON, Va.--(BUSINESS WIRE)--March 28, 2000--The Netplex Group,
Inc. (Nasdaq: NTPL) today announced that it has signed a letter of
intent to form a strategic partnership with Oklahoma Christian
University (OC) under which Netplex will design and develop a model
online "e-Campus."
The first-of-its-kind e-Campus will be a secure, Web-based
environment where each university constituent--including students,
recruits, alumni, parents, faculty, donors, and staff--will receive a
free personalized Web site featuring customizable content and various
online transaction services.
The two-year e-business services contract is valued at $1.5
million; additional provisions of the strategic relationship are
outlined below.
"We expect the OC e-Campus system to serve as the model for
similar facilities that Netplex can brand and sell to other
universities," said Netplex President Pamela Fredette. "This
initiative represents Netplex's entry into the immense Education
vertical market, which supports our business strategy of developing
industry-focused e-solutions."
In addition to the initial $1.5 million value of the services
contract, the partnership assures mutual participation and benefit
from the OC e-Campus initiative. This includes an option for Netplex
to invest in the ownership and branding of the e-Campus with a
revenue-share provision that provides OC with a percentage of future
sales of the system.
In addition, OC agrees to help promote the e-Campus solution to
all universities and colleges using OC as the showcase.
"The Oklahoma Christian University has demonstrated a
long-standing commitment to the innovative use of educational
technology and is dedicated to providing its students innovative and
highest-quality services, facilities, and academic programs," said OC
President Kevin Jacobs. "Our goal for the e-Campus is not to replace
the residential campus life but to enhance and extend it. The Netplex
e-solutions team has played a creative role in the development of an
e-business strategy that will revolutionize the campus experience
everywhere while greatly improving the university's personal contact
and service to its constituency."
About The Netplex Group, Inc.
The Netplex Group, Inc. (Nasdaq: NTPL) (www.netplexgroup.com)
creates e-business solutions that combine industry-specific business
strategies; interactive digital marketing; user-centric applications
and data systems; and secure, high-performance Internet systems
infrastructure.
Netplex's complete spectrum of "industrial-strength" e-solutions
positions customers to confidently take advantage of the new digital
economy.
Netplex and the Netplex logo are trademarks of The Netplex Group,
Inc.
Except for historical information, all of the statements,
expectations and assumptions contained in the foregoing are
"forward-looking statements" (within the meaning of the Private
Securities Litigation Reform Act of 1995) that involve a number of
risks and uncertainties.
It is possible that the assumptions made by management--including,
but not limited to, those relating to contract awards, service
offerings, market opportunities, results, performance or
expectations--may not materialize.
Actual results may differ materially from those projected or
implied in any forward-looking statements.
In addition to the above factors, other important factors
including the risks associated with unforeseen technical difficulties,
the ability to meet customer requirements, market acceptance of
service offerings, changes in technology and standards, dependencies
on key employees, customer satisfaction, availability of technical
talent, dependencies on certain technologies, delays, market
acceptance and competition, as well as other risks described from time
to time in the Company's filings with the Securities Exchange
Commission, press releases, and other communications.
--30--SF/ph*
CONTACT: The Netplex Group, Inc.
Larry Davenport, 703/716-4777
ldavenport@netplexgroup.com
or
Wall Street Investor Relations Corp.
Investor Contact:
Joe Zappulla, 301/948-3430
jzappulla@WallStreetIR.com
KEYWORD: VIRGINIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS INTERNET E-COMMERCE
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