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Technology Stocks : NHC COMMUNICATIONS (TSE:NHC) acquiring THE FIBER COMPANY

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To: hugh thorne who wrote (836)2/4/2002 9:02:08 AM
From: TheSlowLane   of 856
 
NHC Communications Signs Agent Agreement with Tecmant S.A. for Immediate Sale of it ControlPoint Solutions
MONTREAL, Feb. 4 /CNW/ - NHC Communications Inc. (TSE: NHC - news) and Tecmant signed an exclusive distribution agreement for the immediate sale and support of NHC's ControlPoint(TM) solutions in Costa Rica.
NHC Communications Inc. a leading provider of carrier class test access and deployment solutions for the copper-based telecommunications and Internet access markets and Tecmant, a large distributor of telecommunications solutions in Latin America, have signed an exclusive three year agent agreement for the sale and support of NHC's ControlPoint(TM) solutions. Tecmant has placed an initial order for a ControlPoint(TM) CP5400 unit, representing an initial sale of CDN$400,000 to immediately address an FOA requirement for their client ICETel, Costa Rica's Incumbent Local Exchange Carrier (ILEC).

NHC's agreement with Tecmant is for a term of three years, renewable annually and is established on objectives for each of the ILECs in their territory. Tecmant expects that this agreement will materialize quickly into additional orders to ICETel following the first FOA.

Tecmant is Costa Rica's largest distributor of telecommunications and enterprise systems with a presence in the Central American market covering, Costa Rica, Panama, Nicaragua, El Salvador Guatemala and Honduras. Tecmant plans to sell NHC's ControlPoint(TM) solutions into its large carrier customer base in Costa Rica and the area.

"This agreement is another step forward for NHC in its strategy to become the global leader in automated cross-connects," said Sylvain Abitbol, President and CEO of NHC Communications. "We are very pleased to be associated with Tecmant in Costa Rica particularly since they are a key telecommunications equipment provider."

"NHC's ControlPoint(TM) solution is a perfect fit for Tecmant and will provide our carrier clients with a remotely controlled real-time test access and loop management solution for their networks. We anticipate significant revenues to be generated from NHC's ControlPoint(TM) solutions," added Jose Luis Sanchez, President of Tecmant.

"Tecmant's experienced sales, marketing and support infrastructure is very well positioned to aggressively address the growing need for intelligent wireline management solutions from its ILEC and large carrier clients," said Ken Hovaldt, Executive Vice President of Sales & Marketing, NHC Communications. "Local large carriers look for a well established and reputable organization that they can turn to when they start to deploy and Tecmant complements NHC remarkably well in that area."
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