NEWS!!!! Financial Intranet, Inc. Announces Contracts
ARDSLEY, N.Y.--(BUSINESS WIRE)--April 13, 1999--Financial Intranet, Inc. (OTCBB:FNTN) today announced the signing of a contract to provide communications services to one of the largest single franchise owners of a major fast food company.
In addition to providing traditional voice and data transmission, FNTN will be delivering distance learning video content to over 100 franchise locations throughout the country. The contract also calls for implementation of video conferencing capabilities between the company's operational hubs.
Michael Sheppard, President and Chief Operating Officer of FNTN said "the completion of this project represents a minimum of $250,000 in revenues to FNTN." Sheppard added "during the month of March, we signed new contracts in our core market, the financial community, for $350,000 in annual revenues as well. We're extremely pleased with the interest and acceptance being generated by our delivery system in a broad spectrum of markets."
Financial Intranet, Inc. has established the nation's first proprietary, secured, on-demand data and video financial information network that links the brokerage and mutual fund industries together and connects both to the individual investor.
This release contains forward-looking statements within the meaning of Section 27a of the Securities Act of 1993, as amended, and section 21e of the Securities Exchange Act of 1934, as amended. Those statements include the intent, belief or current expectations of the company and its management team. Prospective investors are cautioned that any such such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
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CONTACT:
Financial Intranet, Inc., Ardsley
Michael Sheppard
Voice: 914/693-5060
E-Mail: msheppard@fntn.com
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