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Technology Stocks : AXSI - Axcess Inc. (formerly LASX)

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To: Urlman who started this subject8/28/2000 2:14:00 PM
From: John A. Paul  Read Replies (1) of 1220
 
AXCESS Inc. Partners with ProTag Systems, Inc. to Provide Asset Management Systems to Hospitals
DALLAS--(BUSINESS WIRE)--Aug. 28, 2000 - AXCESS Inc. (Nasdaq:AXSI - news), a leading provider of asset management products and solutions, announced today that it has formed a partnership with Miami-based ProTag Systems, Inc. The partnership is among many steps that AXCESS is currently taking to bring the new ActiveTag(TM) Asset Management System to the healthcare marketplace.

ProTag Systems specializes in electronic article surveillance (EAS) and CCTV systems, focusing on retail and institutional applications. Rapidly increasing international and government sales have led to a quarterly increase of more than 40% for the previous quarter.

``With its new ActiveTag Asset Management System, AXCESS Inc. has positioned itself to address the unique asset management needs of large medical institutions,'' stated Steve Schwartz, Vice President of Sales and Marketing for ProTag Systems. ``The system's ability to cover hundreds of unique location zones throughout a facility is ideally suited for hospitals, where mobile assets are difficult to locate.''

``ProTag Systems, Inc. is an aggressive company with the resources to quickly bring the ActiveTag System into these large facilities,'' commented AXCESS' Vice President of Sales, Mike Uremovich. ``We have identified the healthcare market as one where our technology and products will integrate well and offer significant value. Working through partners such as ProTag, we can provide this industry with an easy to integrate, complete asset management and asset location solution.''

The ActiveTag(TM) system will be demonstrated at the American Society for Industrial Security (ASIS) show September 11-13th in Orlando, in the AXCESS Inc. booth (No. 2181). For more information on AXCESS' digital video and automatic identification technologies, reference the company's web site at www.axcessinc.com.

About AXCESS Inc.

AXCESS Inc., headquartered in Dallas, Texas, provides network-based system solutions to the enterprise using patented technologies in wireless, automatic identification and multi-media for improving operations productivity, physical security, asset and inventory management, and ERP. Products include hands-free, long range RFID (radio frequency identification) technology used to track and monitor people, assets, inventory and vehicles as well as patented digital video compression technology for enterprise multi-media transmission and digital recording.
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