Well I found the release and look at the first line .......OTC:BB
A.Squeglia@cyoe.com
International Communication Enterprises and Coyote Technologies Sign Three-Year $5 Million Equipment and Services Deal
Equipment Shipments Begin in November
Westlake Village, CA – October 1, 1998 – Coyote Technologies, a subsidiary of Coyote Network Systems (OTCBB: CYOE) and International Communication Enterprises (I.C.E.), today announced they have signed a three-year equipment and services deal valued at more than $5 million. The agreement calls for Coyote Technologies to provide I.C.E. with telecommunication network equipment such as switches, compression equipment, network management and billing systems, and related services such as network design, diagnostic engineering, maintenance, billing, customer care and rating software to support international pre-paid services and gateway applications. I.C.E. currently provides wholesale international long distance voice services and is now entering into the international origination market, primarily in the Caribbean.
The equipment portion of the agreement, valued at $4 million, begins shipping in November. The equipment includes one Coyote Technologies' DSS 10,000 Switch. In addition, Coyote Technologies has contracted with Newbridge Networks to provide compression equipment and network management, Info Directions to provide their Cost Guard billing system and APEX to provide the pre-paid integrated voice response.
"Our decision to chose Coyote was not an easy one," said . "With so many switching companies to review, our scrutiny was very extensive. The defining factor was not only Coyote's commitment to emerging technology but also their unparalleled focus on customer service. With a focus on international development, it is crucial that our technical support be exceptional.
"With this new relationship with Coyote, we are now a full facilities-based carrier. This step was required for us to manage our international origination services, Caribbean Network, and move into the next phase of our growth," stated Nish.
"We are pleased to have been selected by I.C.E. as their equipment and services supplier," said "We are focused on providing total solutions that enable our customers to be successful. We measure our success by our customers' success."
About Coyote Network Systems
Headquartered in Westlake Village, CA, Coyote Network Systems (CNS) provides telecom equipment and network services that enable and deliver local, long distance and Internet services. Coyote Technologies provides scalable Class 4/5 telecom switches and Internet Protocol gateway systems. American Gateway Telecommunications provides international long distance services to carriers. CNS is authorized to provide competitive local exchange carrier services in California. For more info, please visit the CNS Web site: cyoe.com, or call 1-818-735-5312.
About International Communication Enterprises
Incorporated in New York, NY, in 1996, I.C.E. was formed to become a total telecom solutions provider. Focusing on strategic relationships, I.C.E. offers pre-paid dedicated origination and termination services, both domestically and internationally, Internet access, Web hosting, Web design, international toll free services, and a broad range of operator services. With switching affiliates in New York and Miami, the I.C.E. domestic network is near completion. I.C.E. is currently targeting the Caribbean as a hub site to Central and South America. The construction of a high speed data network will allow Voice over IP, Voice over Frame Relay and Voice over ATM integrated into a wireless network and a virtual international call center.
The statements in this news release may be considered "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance suggested in this news release. Such factors include, but are not limited to, actual and potential competition, risks associated with consolidation in the industry and with international expansion, general and economic conditions, the need to manage growth, and certain product, technology and regulatory risks. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For more complete information, please refer to the Company's Form 10-K and Form 10-Q filings with the SEC. |
