Periphonics Receives $6.4 Million Order For VPS/is Platform From A Leading Wireless Service Provider
BOHEMIA, N.Y.--(BUSINESS WIRE)--April 23, 1999--Periphonics Corporation (NASDAQ: PERI - news), a leading worldwide provider of products and services for call processing solutions used in Computer Telephony Integration and Telecom Enhanced Network Services, today announced that it has received one of its largest single orders ever for its VPS/is Platform systems from a leading wireless telecom services provider based in Europe.
The VPS/is Platform systems will be deployed within the service provider's network in multiple sites to provide interactive call processing capabilities and support for their prepaid mobile product offering.
The Periphonics systems will allow the service provider's customers to access current balance information and to add to their available credit balance using a credit card. Periphonics and the service provider have signed a ''Framework Agreement'' that anticipates additional applications as well as expansion of the VPS/is deployment to potentially include the service provider's international interests. Based on the agreement, Periphonics expects to ship and recognize revenue on a significant portion of the order during its current fiscal fourth quarter.
Peter Cohen, Periphonics President and CEO, said ''We are extremely pleased to have been chosen as the supplier to one of the world's leading wireless telecommunications service providers. This is further evidence of the VPS/is Platform's extensive capabilities as well as Periphonics' commitment to forming long-term relationships with our customers to ensure that they have the technological edge and comprehensive customer support that they need to succeed in an increasingly competitive global business environment.''
Cohen also noted that, ''Since the start of the current fiscal fourth quarter, we have announced a significant number of large-size orders with a total value of more than $19 million in system revenues. Additionally, the flow of our typical-size orders (ranging from $100K-to-$500k) continues to be good. The current business activity reaffirms the statements we made a the end of the third quarter regarding our positive outlook for achieving revenue and earnings growth in the fourth quarter and going forward into fiscal 2000.''
Periphonics Corporation is a global leader in the development, marketing and support of products and professional services for Computer Telephony Integration (CTI) and Telecom Enhanced Network Services. The Company's products and services utilize such technologies as interactive voice response (IVR), advanced speech processing with large vocabulary recognition, natural language processing and text-to-speech, as well as interactive processing via Web browsers, messaging, and fax. Periphonics also provides comprehensive professional services including project management, software application development, call center integration and script and grammar development. The Company's products and professional services help its customers enhance their customer service offerings, increase caller satisfaction, reduce operating costs and often create new revenue opportunities by automating call and transaction processing. Periphonics is an ISO 9001/TickIT registered company with systems installed in more than 50 countries. For further information, visit our site on the World Wide Web at www.peri.com.
Special Note Regarding Forward-Looking Statements:
A number of statements contained in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. These risks and uncertainties include, but are not limited to: timing of orders from and shipments to customers, delays in development and customer acceptance of custom software applications, the timing and market acceptance of new product introductions and changes in economic conditions in domestic and international markets, pricing, risks in product and technology development, delays in delivery of orders due to fluctuations in inventory, as well as changes in general economic conditions in domestic and international markets. For a more detailed description of these other risk factors, please refer to the Company's Securities and Exchange Commission filings including the Company's Forms 10-Q and Form 10-K and Annual Report.
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Contact:
Joseph D. Pititto
Sr. Director Investor Relations
516/468-9212
invest@peri.com
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