Wednesday October 6, 9:55 am Eastern Time
Company Press Release
Miami Computer Supply Corporation Announces Over $15 Million in New Contract Awards
DAYTON, Ohio--(BUSINESS WIRE)--Oct. 6, 1999--Miami Computer Supply Corporation (Nasdaq:MCSC - news), today announced that it is currently working on several large contracts totaling over $15 million for its Media Consultants and System Integration Group.
This rapidly growing segment of MCSC's business represented approximately one-third of all MCSC revenue as of June 30, 1999.
``We are very excited about these contract awards. MCSC's ability to design and engineer innovative solutions for a broad range of multimedia communications has made MCSC an industry leader,' said Michael E. Peppel, President and Chief Executive Officer of Miami Computer Supply Corporation.
Recent contracts (partial list) awarded to the Group include:
Microsoft-Silicon Valley Campus, Mountain View, CA: Design and build project for HotMail and Web TV which includes medium and large conference rooms, an auditorium and master control, the executive conference room and tri-dividable multi-purpose rooms.
U.S. West Communications, Denver, CO: Design and build state-of-the-art presentation technology into the executive boardroom, 33 training rooms, and the network operating center.
Turner Entertainment Network's Turner Studios, Atlanta, GA: Design, integrate, maintain and support the consolidation of existing facilities into a newly constructed 128,000 square foot production studio. Upon completion in April 2000, Turner Studios will be one of the largest digital production facilities ever constructed. The primary client is Turner Sports. Sub-clients include Nickelodeon, Cartoon Network, Turner Network Television, Turner Broadcast Systems and Turner Classic Movies.
J.D. Edwards, Denver, CO: Design and build the network operating system and multiple training and conference rooms at the J. D. Edwards' sites located throughout the United States.
Denver University, Denver, CO: Integrate state-of-the-art communication technology for large computer and video display into a boardroom and 20 training rooms.
E-Trade Regional Headquarters, Alpharetta, GA: Design and integrate two network reliability command and control systems and building-wide visual information distribution systems.
Renaissance Center, Dickson, TN: Install and integrate presentation and instructional technologies into an audio-visual backbone delivering broadband and baseband audio, video and control signals throughout the facility. Integrate several interactive computer labs with high-resolution graphic projectors and multiple gas plasma monitors to display video and graphic images.
Branson US Armed Forces Training Facilities - $3.2 million project to provide 186 multimedia classrooms and commanding General's conference rooms at Ft. Leonard Wood, Missouri. The Headquarters of the US Army Engineering Chemical Warfare and Military Police Schools.
Branson Federal Aviation Administration Headquarters (Mike Monroney Aeronautical Center) Oklahoma City, Oklahoma. Multimedia classrooms and computer instructional facilities for the FAA International Training Center.
Numerous Colleges and Universities: Multiple classroom design/build projects will provide sophisticated presentation technology for large screen computer and video display.
MCSC's Media Consultants and Systems Integration Group pioneered the concept of designing, installing, and supporting turn-key communications facilities. The design-build concept is critical to the development of effective, custom-built multimedia systems. By following this process, the Group is involved with every aspect of development and implementation, allowing it to fulfill its client's needs and expectations.
The Group located at MCSC's Tampa office has designed an supplied equipment for over 40 of Paxson Communications' broadcast TV stations. MCSC has been responsible for the design from conception through final documentation. Paxson Communications has purchased over 30 million dollars worth of broadcast equipment from MCSC Tampa Group. These stations are located in every major market in the United States and in over 40 markets total. Twenty of these stations are DTV ready and were designed using CCIR601 digital video and AES/EBU digital audio. The MCSC Tampa Group was charged with integrating existing analog technology with the new digital technology to enable the customer to transition from analog to digital to prepare for the move to DTV in the coming years.
The MCSC Tampa Group designed and provided a turn-key installation for Dominion Broadcast Satellite's new uplink center in Naples, Florida. This facility uplinks programming to Echostar which is one of the largest DSS companies in the country. The MCSC Tampa Group is currently building a similar system for the Apostolate for Family Consecration in Bloomingdale, Ohio. This new uplink facility will feature the latest file server technology for direct to air capabilities using 150 hours of online storage. The facility will utilize state of the art CCIR601 digital video and AES/EBU digital audio. This enables the customer to move into DTV or HDTV in the future.
The MCSC Tampa Group designed and provided a turn-key installation for two digital linear edit suites for Paxson Communications' Pax Net network programming center in West Palm Beach, Florida. These suites are CCIR601 video and analog audio. The suites are used to prepare all of Pax Net's programming material for air. The terminal equipment room also has dubbing capabilities and provides feeds for four producer stations with remote control of tape machines located at each station. These work stations are used by the producers to view programs and make decisions on content and program segment lengths as well as other programming issues. The producers then provide this information to the edit suites which in turn edit the programs for content, length and promotions.
The MCSC Tampa Group designed and provided a turn-key installation for the duplication system for Paxson Communications' Pax Net network center in Clearwater, Florida. This facility is CCIR601 digital video and AES/EBU digital audio. It provides both digital and analog capabilities as well as multi-format capabilities. The design required the use of multiple routing switchers with a total of 7 levels of switching taking place at one time. The customer is able to monitor both analog and digital signals and can route every signal to an engineering station to monitor the quality of both digital and analog video and audio signals.
With 114 locations in 25 states and Canada, MCSC is able to deliver quality products and contract services nationally and in certain foreign countries.
Miami Computer Supply Corporation is a distributor of computer products and accessories and a distributor and integrator of audio-visual products throughout the United States, Canada and in certain foreign countries. Miami Computer Supply Corporation distributes over 1,800 core products primarily to middle-market and smaller companies and to governmental, educational, and institutional customers, including federal, state and local governmental agencies, universities and hospitals and, to a lesser extent, to computer supply dealers. MCSC primarily sells nationally known, name-brand products manufactured by approximately 500 original equipment manufacturers, including Sharp, Epson, Infocus, Sony and Proxima for audio-visual presentation products and Hewlett-Packard, Lexmark, Imation and Canon for computer supplies. Additional information regarding MCSC can be obtained at www.mcsinet.com (but is not part of this release).
The matters discussed in this press release which are not historical facts contain forward-looking information with respect to plans, projections or future performance of MCSC, the occurrence of which involve risks and uncertainties which include, but are not limited to, general economic conditions, industry trends, functionality of hardware and software, actions of competitors, MCSC's ability to manage its growth, factors relating to its acquisition/merger strategy, actions of regulatory authorities, restrictions imposed by its debt arrangements, dependence upon key personnel, dependence upon key suppliers, customer demand, risks relating to international operations, dependence on its computer systems and other factors. A complete description of those factors, as well as other factors which could affect MCSC's business, is set forth in MCSC's Form 10-K for the year ended December 31, 1998, and Form 10-Q for the six months ended June 30, 1999. |
