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By: stateside
Reply To: None Monday, 19 Jul 1999 at 5:11 PM EDT
Post # of 12858
ALL: Once more---The CRI news was under IVOC PR. This is really good news for IVOC and CRI. CRI will research and manufacture the products---IVOC will sell them. hence the name --Communications Research, INC. (CRI). Here it is----
Please read this first and then go to the CRI website listed at the bottom of this article.
Communications Research, Inc. Awarded NJ State Contractfor Consulting Services
SOUTH HACKENSACK, N.J., July 19 /PRNewswire/ -- Communications Research,
Inc. announced toddy that on June 25, 1999 CRI was awarded a New Jersey State
Contract for Telecommunications Consulting and Technical Services with a per
project cap of $500,000.00. As of this date, Communications Research, Inc.
has been awarded five projects for engineering and technical services under
this program.
Recently, Communications Research, Inc., formerly a subsidiary of Visual
Telephone International (OTC Bulletin Board: VTPI), was spun off into a
separate, soon to be publicly traded company when International Voice
Technology merged into Visual Telephone International, forming IVoice.com, and
changing their stock trading symbol to (OTC Buletin Board: IVOC). As part of
the spin-off, CRI retained the rights to the videoconferencing products it
supplied to VTPI, including the Visual EZ and Visual EZ-II product lines. As
a result of this action, Communications Research, Inc. shall continue to do
business at their present location in South Hackensack, NJ.
Since its incorporation in 1989, Communications Research, Inc. had
successfully operated as a privately held corporation until 1996 when it
merged with the Public Company, Visual Telephone of New Jersey, creating the
new company, Visual Telephone International. During that period,
Communications Research, Inc. continued to do business as a wholly owned
subsidiary of Visual Telephone International until the recent merger/spin-off.
Mr. Carl Ceragno continued as President of CRI and also functioned as CEO of
Visual Telophone International, a position he resigned as a result of the
spin-off.
Currently, the company operates with two divisions, Systems Integration
and Visual Telephone Products. CRI will continue to emphasize its Systems
Integration Division which has consistently continued to grow in both revenue
and project involvement. While playing a lesser role, the Visual Telephone
Products Division will continue to develop, market and support the customer
base of Visual Telephone product users. The Visual Products, originally known
as the CRI Quick Video Communicator series, was rolled into Visual with
manufacturing and continuing development under CRI.
The company is working to complete SEC filing and registration, and
anticipates distrbutlon of its stock to former Visual Telephone International
stockholders as of May 21, 1999, within the next 60 days, with commencement of
public trading shortly thereafter.
For further information on Communications Research, Inc. please visit the
Company's WEB site at vistele.com, call
201-457-1011, or E-mail info@vistele.com.
SOURCE Communications Research, Inc.
CO: Communications Research, Inc.; Visual Telephone International;
International Voice Technology
ST: New Jersey
IN: CPR TLS
SU: CON
07/19/99 07:00 EDT prnewswire.com
BoardMark MemberMark Ignore Poster Report TOS Violation
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