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TREEV Wins Contract in Excess of $6 Million With Major Telecommunications Provider
Integrated Imaging, Workflow and Document Management Technologies Become Latest Upgrade to Existing Customer's TREEV System
HERNDON, Va., July 1 /PRNewswire/ -- TREEV, Inc. (Nasdaq: TREV - news), formerly Network Imaging Corporation, today announced that it won a multimillion dollar contract with a telecommunications industry leader. Under the contract, TREEV will supply its integrated imaging, workflow and document management software and provide on-going professional services and maintenance for a period of 3 years. The customer is part of a $21 billion communication services company providing telecommunications, wireless communications, video, directory advertising and publishing, Internet and information services to more than 30 million customers in 20 countries worldwide.
TREEV has had a relationship with this major exchange carrier since 1994 including software licensing and professional services. The implementation of TREEV's software has automated much of the organization's outside plant engineering activities, such as approval processing and document flow, which has enabled the telecommunications leader to reduce costs and job completion time in serving its customers.
Jim Leto, chairman and chief executive officer of TREEV, commented, ''This latest contract is especially gratifying because it demonstrates that by delivering cutting edge technology and superior customer service we have been able to earn the trust of important, long-term customers. We work closely with our customers to learn their business and help them to develop systems that support their organizational goals. This strategy guarantees that the customer receives on-going support for mission-critical systems while allowing TREEV to grow its own professional services business.''
About TREEV
TREEV(R) (formerly Network Imaging Corporation) is a leading developer and marketer of integrated document management solutions. Built on their award- winning patented object management technology, TREEV's suite of software products extends a company's investment in legacy and client/server applications by providing users with flexible, cost-effective document management solutions. The Company's software is marketed through partners such as Sybase (Nasdaq: SYBS - news), Lockheed Martin (NYSE: LMT - news), ALLTEL (NYSE: AT - news), EDS (NYSE: EDS - news) and Intergraph Corporation (Nasdaq:INGR - news; Nasdaq: INGR - news). For additional information about TREEV's products or services, call (800) 254-0994, browse their Web site at www.treev.com.
''Safe Harbor'' statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. Although the Company has used its best efforts to be accurate in making these forward looking statements, it is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition to those factors, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the computer industry and general economy; competitive factors; ability to attract and retain customers; ability to attract business partners and maintain and increase their levels of sales and marketing; ability to attract and retain personnel, including key management personnel; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-K and its quarterly reports on Forms 10-Q.
TREEV(R) is a registered trademark of TREEV, Inc. All other products and brand names are trademarks or registered trademarks of their respective owners.
SOURCE: TREEV, Inc.
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