Tuesday August 5 9:10 AM EDT
Company Press Release
Farmstead Telephone Group Launches Indirect Dealer
Program
Names Kevin J. Ryan Manager
EAST HARTFORD, Conn.--(BUSINESS WIRE)--Aug. 5, 1997--FARMSTEAD TELEPHONE
GROUP, INC. (AMEX:FTG, FTG.WS.A, FTG.WS.B) reports that its Lucent Indirect Dealer
Program is steadily expanding at the conclusion of its first 9 months, and Kevin J. Ryan has been
named Indirect Dealer Manager.
Launched in November, 1996, the Program comprises approximately 25 independent dealers under
contract to FARMSTEAD TELEPHONE to sell Lucent Technologies' PARTNER, MERLIN
LEGEND and DEFINITY business communications systems.
FARMSTEAD TELEPHONE GROUP, INC., was appointed an Authorized Platinum Dealer in
April, 1996, for the sale of new Lucent Technologies business systems in selected areas of New
York and New England. The Indirect Dealer Program is a critical element in the Company's
evolving sales strategy.
Before joining FARMSTEAD TELEPHONE, Mr. Ryan spent 11 years in sales and sales
management, primarily within the Executone organization. He resides in Manchester with his family.
According to Ryan, ``The Indirect Dealer Program is up and running with solid revenues over the
first six months of 1997. We anticipate further growth in the third and fourth quarters as we sign up
additional dealers and continue to gain momentum.''
FARMSTEAD TELEPHONE GROUP, INC., is a domestic dealer for new and remanufactured
Lucent Technologies (formerly AT&T) telecommunications products. The Company also designs
and markets proprietary voice processing and unified messaging systems through its Cobotyx
division. General information about the Company may be found on the World Wide Web at
farmstead.com
This release contains forward looking statements that involve risks and uncertainties. In addition to
historical information, investors should carefully consider the risks associated with an investment in
the Company's securities as previously outlined by the Company in its prior filings with the Securities
and Exchange Commission.
Contact:
Farmstead Telephone Group Inc., East Hartford
Rob Saelens, 860/610-6003
or
L.G. Zangani, Inc.
Adrian Madonia ,908/788-9660
Email:zangani@aol.com
More news for referenced ticker symbols: FTG, and related industries: telecommunications. |
