VNCI. Awesome news today. Should see 5 or 6 based on their chart....
(COMTEX) B: VNCI Expands Into International Markets With EuroTelecom
B: VNCI Expands Into International Markets With EuroTelecom Strategic Alliance;
EuroTelecom Extends Enterprise Communications Solutions With VNCI Technology
PORTSMOUTH, N.H., Mar 29, 2000 (BUSINESS WIRE) -- Video Network Communications,
Inc. (VNCI), a leader in the video communications market, announced today that
EuroTelecom Communications (EUTC), the UK- based provider of IT services and
products, has signed a strategic alliance agreement, placing an initial order of
$552,000 to begin fulfilling the European demand for video networking solutions.
EuroTelecom will integrate VNCI's real-time video networking technology into its
advanced information and communications product line, providing customers with a
comprehensive approach to video networking solutions and services.
EuroTelecom develops and supports integrated corporate networks for global and
mid-size corporations, government organizations, including defense and
intelligence customers, and large telecommunications operators. VNCI's patented
technology will provide EuroTelecom's customers with full-motion,
television-quality video, eliminating the need for customers to negotiate with
multiple vendors in order to achieve seamless communications solutions.
"Our agreement with VNCI gives us a significant competitive advantage in the
European marketplace," said Phil Derry, Chief Executive Office of EuroTelecom.
"We can now provide customers with high-quality video networking technology over
a single integrated network."
"VNCI's alliance with EuroTelecom extends our leadership position to Europe and
beyond," said Carl Muscari, president and CEO of VNCI. "By partnering with a
leading European systems integrator, VNCI is leveraging EuroTelecom's expertise
and complementary technology to provide real-time video communications to the
global marketplace."
About EuroTelecom
EuroTelecom Communications, Inc. is a global Turnkey Provider of computer
technology services and products. Divisions of EuroTelecom provide
state-of-the-art fiber optic installations, government defense systems
implementation, oil and gas Information Technology applications, enterprise
resource solutions, software sales distribution and application support,
networking solutions and centralized security monitoring.
About Video Network Communications, Inc.
Video Network Communications designs, develops, and markets video distribution
systems that provide full-motion, high-resolution video networking, enabling
video broadcast distribution, retrieval of stored video-on-demand and
interpersonal video communications. The patented VidModem technology allows the
VNCI system to use the same wiring as the telephone to bring TV-quality video
anywhere there is a phone line. The Company's common stock, units and warrants
are listed on The Nasdaq SmallCap Market under the symbols "VNCI," "VNCIU" and
"VNCIW" respectively. VNCI can be found at www.vnci.net
Except for the historical information herein, the matters discussed in this news
release include forward-looking statements that may involve a number of risks
and uncertainties. Actual results and future events may vary significantly based
on a number of factors, including, but not limited to, risks in product and
technology development, market acceptance of new products and continuing product
demand, the impact of competitive products and pricing, changing economic
conditions and other risk factors detailed in the Company's most recent filings
with the Securities and Exchange Commission.
Distributed via COMTEX.
Copyright (C) 2000 Business Wire. All rights reserved.
-0-
CONTACT: Collaborative Communications
Annie Leef
617/520-9116
leef@collaborative.com
or
Collaborative Communications
Tanja Knust
617/520-9106
knust@collaborative.com
or
Video Network Communications Inc.
Colleen Seachrist
603/334-6725
colleen_seachrist@vnci.net
KEYWORD: MASSACHUSETTS NEW HAMPSHIRE
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
HARDWARE
NETWORKING
SOFTWARE
TELECOMMUNICATIONS
MARKETING
AGREEMENTS
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com
*** end of story *** |
