Sergio,
UVEW & INPH
uniView Technologies and Interphase Corp. Sign
Technology Deal
Agreement to Transfer Assets of Zirca, a Wholly Owned Subsidiary of Interphase Corporation
DALLAS, Sept. 22 /PRNewswire/ -- uniView Technologies Corp. (Nasdaq: UVEW - news) and Zirca Corporation, a wholly
owned subsidiary of Interphase Corporation, Inc. (Nasdaq: INPH - news) have signed an agreement that will transfer all of its
software and hardware systems, web based pre-paid calling card transaction processing, and Video Conferencing connectivity
to uniView. Additionally, existing customers and clients, currently utilizing the web based card processing will be transferred to
uniView along with the existing office and connectivity space.
Terms of the agreement will give Zirca approximately 2% of the outstanding stock of uniView while uniView has agreed to pay
approximately $300,000 and assume existing connectivity contracts. Additionally, uniView will sublease office space from Zirca
in its corporate facility located near Dallas.
uniView will immediately start the moving process, not only for the new location of their ISP, but also for all technical staff and
sales activities. The move is anticipated to be completed by November and will greatly expand the bandwidth capabilities of
uniView.
``The biggest advantage of this agreement to uniView is the immediate expansion of its broadband capabilities and the
introduction of voice over IP (VOIP) to our systems. The opportunity to work with Interphase on new connectivity solutions is
exciting.' said Patrick A. Custer, President of uniView.``
According to Greg Kalush, president of Interphase Corporation, Inc., ``uniView's advanced technical capabilities in the STB
and ISP systems created an opportunity to more fully utilize our Zirca investment. We are looking forward to a working
relationship with uniView, and to leverage potential business opportunities to supply connectivity solutions in the future.'
Interphase Corporation designs and delivers high-performance connectivity adapters for enterprise server network
environments and demanding embedded systems applications. The company is a respected leader in designing robust and
reliable interfaces for local area (LAN), storage area (SAN), and wide area (WAN) environments utilizing the technologies that
are laying the foundation for networks in the 21st century including ATM, Fibre Channel, remote access and virtual private
networking (VPN) protocols.
Interphase is a publicly traded company and has been listed on Nasdaq (INPH) since 1984. Headquartered in Dallas, Texas,
the company markets its products to original equipment manufacturers (OEMs), distributors, systems integrators, value-added
resellers (VARs) and large end-users through a worldwide direct sales force, global channels and an extensive service and
support network. Additional information about Interphase and its products is available through the company's web site at
iphase.com .
Dallas based uniView Technologies Corp. offers the expertise and innovative tools necessary to create fully customized
video-on-demand, interactive applications, e-commerce, and other interactive broadband services. Building on a foundation of
convergence technology, and the understanding of end user requirements, uniView has merged its Internet access technologies
and existing applications with the technologies of its development partners to deliver the future of interactive networking
products and services.
In 1997, uniView introduced its first revolutionary set top box and, today, its Advanced Systems Group (ASG) uses
convergence devices and integration expertise to design custom broadband networks for clients in multi-level marketing,
hospitality, utilities, banking, medical facilities, and telecommunications. In addition to complete network system design, ASG
also offers web site development, web site hosting and full international Internet access, while uniView's Product Group focuses
on research, product development and customer service. More information on uniView is available at uniview.net .
NOTICE: Some of this information may contain ``Forward Looking Statements' which are company plans, projections and
uncertainties. For a discussion of risk factors associated with some of these plans and projections, please refer to the
company's SEC filings, which contain additional discussion about those factors which could cause actual results to differ from
management's expectations.
SOURCE: uniView Technologies Corp.
As you know INPH is showing oversold right now.
What's it all mean Cary?
Joe |
