ETEK Electronics Corporation signs resale agreement with FastComm
STERLING, Va.--(BUSINESS WIRE)--June 25, 1997--
New Agreement covers Sales and Service of FastComm Data and Voice FRADs in Columbia, Brazil, Argentina, Chile,
Central America and the Caribbean
FastComm Communications Corp. (NASDAQ:FSCX) announced today that ETEK Electronics Corporation of Boca Raton,
Florida has chosen FastComm as its supplier of advance data and voice network access products.
Effective immediately, ETEK Electronics will immediately begin providing FastComm Frame Relay Access Devices
(FRADs), and Multi- protocol Access Routers supporting LAN, Legacy and Voice/Fax applications to its current and new
customers.
Selection of the FastComm products enables ETEK Electronics to offer the best value in modern network access products
for Internet/Intranet migration of legacy business applications to client/server and rapid cost savings via integration of
voice/fax and data traffic. ETEK Electronics will use FastComm's networking products to replace analog and low-speed
communications with high speed packetized data and voice by multiplexing many connections onto a single physical
connection, there by effectively multiplying savings for customers.
``I'm very pleased to announce this contract signing,'' stated Peter Madsen, FastComm's President. ``ETEK Electronics is
one of the fastest growing networking distributors in the region and we're pleased to be working with them to support both
their existing and new customers!''
``Our selection of FastComm is a direct result of our review of the products available. FastComm's network access products
offer more functionality and at a better price than any competing vendor today. We are looking forward to a very successful
partnership between ETEK and FastComm, stated Jim Bullen, President of ETEK Electronics.
The ETEK Group commenced operations in 1974 providing network systems and solutions for business. ETEK offers a
portfolio of Information and Professional Services using computer and networking products. In addition, ETEK provides
network diagnostics and Security products as well sourcing and network design services. ETEK's customers includes: Allen
Bradley, American Bank Note, Ford, GTE Int'l and IBM.
The ETEK Group generated revenues of $83,000,000 in 1996 and is anticipating a $100,000,000 year in 1997.
FastComm Communication Corporation (FSCX:NASDAQ) designs, manufactures and sells access products for public and
private digital networks. It products include Packet and Frame Relay concentrators, Voice and Data FRADs and
WEB.router(TM) Internet access routers. T-1/E-1 Asynchronous Transfer mode network access equipment: Frame Relay
line testers to speed installations leased line and Switched 56 CSU/DSUs, SuperView(TM) data switches for managing
multiple remote async devices and a family of high speed data compressors.
For more information, or to request a data sheet of any FastComm product phone 703-918-7750; fax to 703-787-4625;
Email to info@fastcomm.com; or visit FastComm on the World Wide Web at fastcomm.com .
Forward looking statement are made in the release pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that all forward looking statements are subject to risks and uncertainties
including without limitation the timing of new announcements or introductions by the Company and its competitors the hiring
and retention of key employees competitive pricing pressures dependence on third party for components and products and
general economic conditions in the United States and international markets and the risk factors detailed from time to time in
the Company's periodic reports and registration statements filed with the Securities and Exchange Commission.
FastComm, stylized logo, MonoFRAD, EtherFRAD, RingFRAD, WEB.router, and SuperView are trademarks of
FastComm Communications Corp. All rights reserved.
All other trademarks are property of their respective owners. |
