a friend pointed this out today...
Intelect Enters Mexico Markets for Public & Private Networks With New Partner
October 14, 1998 06:15
RICHARDSON, Texas, Oct. 14 /PRNewswire/ -- Intelect Communications, Inc. (Nasdaq: ICOM), a leading provider of products and services for the seamless integration of voice, data and video technologies, today announced it will be offering products in Mexico through Tecnologias y Aplicaciones Avanzadas (TAAS), a multimedia technology company with offices in Mexico City, Monterrey and Dallas.
The agreement gives TAAS exclusive rights to sell Intelect products in Mexico in exchange for a commitment to achieve a minimum sales volume of $40 million over the next four years. Sales are conducted in US dollars with other financial terms of the agreement undisclosed.
TAAS is headed by Eduardo Brittingham, who is also Chairman of Industrias del Agua, one of Mexico's largest private water utilities. TAAS and Intelect launched the marketing campaign for Intelect's products in a week long series of meetings and technical presentations to approximately twenty of Mexico's largest organizations including telecommunications companies TelMex, Alestra Telecommunications, Avantel, Marcatel; international conglomerates Pulsar, Afla and Cemex; Mexico's leading university Instituto Technologico of Monterry (TEC); and El Norte, Mexico's leading news publication and owner of Infosel, one of Mexico's largest internet service providers.
"The deregulation of Mexico's telecommunications industry which began last year has created a vast opportunity for growth in communications networking. We are committed to establishing a new generation of fiber-based public and private networks throughout Mexico providing state-of-the-art voice, data and video communications," stated Mr. Brittingham. "TAAS has the established relationships necessary to complete this goal. We believe Intelect's products bring the intelligence and connectivity in network applications that are required in 21st century communications at a lower cost than less-flexible traditional solutions."
"Intelect's multimedia access platform, FibreTrax(Tm), was selected for its unique ability to provide seamless connectivity for voice communications, high and low-speed data communications, security protocols and video surveillance communications over fiber-optics, all in one box. When combined with LANscape(Tm), Intelect's video communication product, we are offering a complete multi-point, all-fiber network solution with full-motion, full color video communications," added Mr. Brittingham.
Intelect Communications, Inc. is a communications technology company providing innovative and cost-effective products, services and solutions to integrate voice, data, and video networks. Applications for Intelect's products and services range from the network infrastructure to the desktop. Intelect's products are designed to anticipate and meet the demands for increasing speed, capacity, and complexity of electronic and photonic communications. Principal markets for the Intelect's products are: fiber optic network transmission, digital signal processing (DSP), and video communications. Intelect also provides high-value engineering services to the communications industry. Intelect currently has under development an intelligent programmable telecommunications switching platform. Intelect's principal business units are Intelect Network Technologies Co. and DNA
Enterprises, Inc. based in Richardson and Intelect Visual Communications Corp. of New York City.
Further information about the Intelect family of multimedia products and services can be accessed at these World Wide Web locations:
Intelect Communications, Inc., intelectcom.com;
Intelect Network Technologies, intelectinc.com;
Intelect Visual Communications, videoconferencing.com
and; DNA Enterprises, dnaent.com.
Except for the historical information contained herein, the statements in this announcement are forward looking statements which involve risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, the forward looking statements, including future deployment and sales estimates by third parties who are customers, distributors, or partners. Factors that might cause such a difference include, but are not limited to, those relating to: general economic conditions in the markets in which the Company operates; success in the development and market acceptance of new and existing products (particularly DSP based products, SONETLYNX(Tm), FIBRETRAX(Tm), LANscape(Tm), and CS4(Tm)); dependence on suppliers, third party manufacturers and channels of distribution; customer and product concentration; fluctuations in customer demand; maintaining access to external sources of capital; ability to execute management's margin improvement and cost control plans; overall management of the Company's expansion; and other risk factors detailed from time to time in the Company's filings with the Securities and Exchange Commission.
SOURCE Intelect Communications, Inc.
/CONTACT: Troy Ussery, 972-367-2214, or tussery@intelectinc.com, or Jacki
Trevino, 972-367-2114, or jtrevino@intelectinc.com, both of Intelect
Communications/
/Web site: dnaent.com
videoconferencing.com
intelectinc.com
intelectcom.com
(ICOM)
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