More news after market close today. Installation of units in hotels is underway.
----------------------------------------------
Elcotel, Inc. Begins Deployment of Grapevine(TM)to its Canadian Partner
SARASOTA, Fla., April 5 /PRNewswire/ -- Elcotel, Inc. (Nasdaq: ECTL - news) announced today that it has begun shipments of the Grapevine(TM) public Internet appliance to its Canadian partner. Canada Payphone Corporation (CPC) recently completed $13 million in financing to support the continuing deployment of the Grapevine(TM) public Internet appliance.
``The deployment of Grapevine(TM) is a significant event in signaling Elcotel's leadership role in a dramatic paradigm shift for the public communications market. We are very pleased to have a partner like Canada Payphone Corporation who shares our vision for public communications and is at the forefront of the dramatic paradigm shift underway in the public communications market,' said Mike Boyle, Chairman and Chief Executive Officer of Elcotel. ``CPC's continuing success in positioning Grapevine(TM) as the first public, non-PC Internet appliance for the post-PC Age is a major step in executing our plan to offer new communications services and revenues for Elcotel and our partners within the public communications industry.'
Elcotel, Inc., based in Sarasota, Florida, is a leader in providing public access telecommunications networks and management services for both domestic and international wireline and wireless communication networks. Visit Elcotel's corporate website at www.elcotel.com .
Canada Payphone Corporation is the leading national competitive pay telephone service provider (CPTSP) and the exclusive provider installing AT&T Canada branded payphones, Grapevine(TM) Network Terminals and interactive public Internet kiosks across Canada. The Company, along with its alliance partner, AT&T Canada, provides new and innovative high-quality payphone products and services. Canada Payphone Corporation is a public company traded on the CDNX under the symbol ``CPY.' For more information, visit Canada Payphone Corporation's web site at www.canadapayphone.com . |
