here is the ansewer Compression sent to my email
Dear K. De Rooy:
We have just received your name from Celestine Internet Services. This
letter is being sent to you to provide you with some information about
Compression & Encryption Technologies Inc. (CETI). If you would like to
receive our investors package (includes year end and quarterly financial
statements), you could phone or fax Sheila at the numbers below or E-mail
your request to sheila@compression.com.
Randy J. Pointkoski, P.Eng, VP of Business Development is the contact person
for CETI. He could be reached at the numbers below or by E-mail:
randy@compression.com.
If you have access to the Internet, you could access CETI's corporate
information & press releases at: compression.com or at
canada-stockwatch.com for some press releases and historical charts.
Canadian full service stock brokers will also have access to information on
CETI.
Compression Technologies Inc. (CTE) was founded in 1991, and since that time
has focused on developing and bringing to market serial data compression and
encryption units that optimize the performance of data transmission in Wide
Area Networks (WANs). It operates through a wholly owned subsidiary,
Compression Communications Corp. (CCCorp.). CTE went public in 1994 to
raise additional equity to support product development. July 17, 1996 CTE
changed its name to Compression & Encryption Technologies Inc. and effected
a share consolidation of 5 old shares to one new share. The result today is
five commercial products and an engineering team that is constantly working
on new ideas and designs. CETI has a strong Board with extensive
experience in the industry.
CCCorp's products offer solid value to users. They compress data, typically
by a factor of four, by sending short "tokens" in place of the most common
patterns in the data. Virtually all data has patterns, and an average data
stream from a typical office can be shrunk by a factor of four. This saves
the customer money on expensive data links; more data can be sent over a
given line size. Since over 80% of the cost of operating a wide area network
is third party telecommunication charges, savings are substantial. Paybacks
for CCCorp's units are less than one year in North America, less than six
months in Europe (where line charges are higher), and less than one month on
costly satellite links!
CCCorp's products also provide security to users, by incorporating
sophisticated encryption for data going over WANs. Data interception and
misuse is a growing concern to network managers, particularly with the
growth in switched services such as Frame Relay. CCCorp makes the only units
that put compression and encryption in the same device, a real savings for
customers.
CCCorp markets its products around the world through a network of
distributors. Our current coverage includes North and South America, Europe,
India, and Southeast Asia. Sales have been particularly strong in Europe,
where there is a high demand for networking and telecommunications costs are
high. 100 units have been installed in a Swiss based interbanking network,
while other applications are on single data lines. Sales momentum is good,
with average sales in the first half of fiscal 1996 more than double 1995.
CCCorp has emphasized supporting and expanding its European sales channel in
1996 to sustain this momentum.
Sincerely;
Sheila Parnell
Administrative Marketing Assistant
Phone: 403-463-5310 Fax: 403-465-2113
E-mail: sheila@compression.com |
