Pro Squared and CT Networks Announce Plans For Strategic Marketing Agreement
Project Group's RFID Subsidiary to Provide Solutions and Implementation Expertise
HOUSTON, April 13, 2005 (PRIMEZONE) -- Pro Squared, Inc., a majority-owned subsidiary of The Project Group (OTC BB:PJTG.OB), announced today that it has reached agreement to enter into a strategic partnership with CT Networks of New York and Long Island. Under the agreement, Pro Squared will provide end-to-end RFID based solutions, training, design and implementation expertise to CT Networks' sales and marketing teams to facilitate CT Networks' presentation, sales and deployment of Pro Squared's closed-loop and supply chain RFID solutions to CT Networks' clientele. Pro Squared will, in turn, offer CT Networks' products and services to Pro Squared's clientele. The companies initially plan to pursue Pro Squared's initiative in the legal and hospital vertical markets. Longer-term plans call for a more extensive geographical penetration and penetration of other vertical closed-loop markets.
Raphael Feldman, Pro Squared's President and an RFID industry veteran with over 26 years experience in IT solutions and RFID closed loop applications, stated, ``We are very pleased to team with CT Networks at a time when RFID is rapidly expanding. CT Networks has earned a stellar reputation in the New York Metro area and Long Island for its communication designs, implementation and post implementation customer service.''
"We are proud and excited to have been selected as Pro Squared's strategic partner in these unique verticals as a part of the Pro Squared's strategic plan,'' CT Networks President, Barry Goldstein was quoted as saying. ``As we already provide products and services into these verticals, major law firms, and hospitals, it is the right place and the right time for our organization to enter the RFID marketspace. We are poised to make the necessary infrastructure investment that will be required to assure the success of this exciting new partnership.''
About Pro Squared Inc.
Pro Squared Inc, a subsidiary of The Project Group, is focused on closed loop RFID solutions and Information Technology. RFID technology replaces traditional, unreliable bar codes and is rapidly becoming the state-of-the-art in supply chain management. RFID tags consist of silicon chips and antennae that can transmit data to a wireless receiver. Recently, Wal-Mart has mandated that all major vendors utilize RFID and Pfizer, Smith Kline, Purdue Pharma and the FDA have all announced new RFID programs. For more about Pro Squared go to: pro-squared.com
About CT Networks
CT Networks, located in Hauppauge, NY, is a full service voice and data integration company. The company is a driving force in the convergence of voice, data and multimedia communications; and is a strong proponent of IP Telephony and wireless data solutions. It has earned a solid reputation in the New York Metro area and on Long Island for its communication designs, implementation and post implementation customer service and has partnered with world-class telecommunications solutions providers such as Nortel Networks, Cisco, Inter-Tel and NEC. For more about CT Networks go to: ctnetworks.net
About The Project Group, Inc.
The Project Group, Inc. is a Microsoft Gold Certified Partner and Premier provider of Enterprise Project Intelligence (EPI) and Collaboration Solutions, which maximize client's value from their portfolio of resources and projects. The Company is headquartered in Houston, Texas, was founded in 2001 and has provided its expertise to companies nationally and around the world. Recent clients include the University of Texas M. D. Anderson Hospital, Microsoft (NasdaqNM:MSFT) and Devon Energy.
CONTACTS:
The Project Group, Inc., Houston
Craig Crawford
281-445-3333
projectgroup.com
Pro Squared, Inc., New York
Raphael Feldman
631-491-1100
Osprey Partners
Mike Mulshine
732-292-0982
ir@projectgroup.com
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