To: SouthFloridaGuy who wrote (159 ) 1/18/2000 8:16:00 AM From: Mike E. Read Replies (1) | Respond to of 192
NTPL news. A lot of fluff (no hard numbers) but good news all the same. mike (BSNS WIRE) Netplex Wins Two 'Voice Over IP' Convergence Contracts Netplex Wins Two 'Voice Over IP' Convergence Contracts Business Editors/Hi-Tech Writers RESTON, Va.--(BUSINESS WIRE)--Jan. 18, 2000--The Netplex Group, Inc. (Nasdaq: NTPL) today announced that it has recently won contracts with two major companies to implement sophisticated e-business infrastructure solutions based on emerging "voice over IP" (VoIP) technologies. VoIP represents a key component in the current convergence of voice, data, and video transmission through Internet Protocol (IP) networks. Due to the sensitive nature of the implemented technologies, and at the request of the customers, names and details of the contracts were not available for release. "Voice over IP represents the next major step toward leveraging Internet-based infrastructure in business-to-business communications," said Netplex President Pamela Fredette. "These engagements demonstrate Netplex's ability to deliver leading-edge Internet infrastructure services as part of its complete e-solutions offering." One contract is with a major communications equipment company. Under the terms of the agreement, Netplex's e-Infrastructure Services division will work alongside the customer's engineers to integrate its proprietary voice/data convergence technology system into its customers' operations. This VoIP system allows businesses to offer local and long distance voice and data services over IP networks. In addition, Netplex personnel will provide customer support services including problem isolation and resolution, new feature recommendation and testing, and advanced consultation. The other contract is with a major petroleum pipeline company. The customer has engaged Netplex to implement an IP-based Wide Area Network (WAN) that will enable the transmission of data, voice, and video among more than 100 stations. By digitally connecting the stations and combining the customer's voice and data communications, the company expects to achieve significant telecommunications cost savings, increased information flow, improved response times, and centralized communications management. About The Netplex Group, Inc. The Netplex Group, Inc. (Nasdaq: NTPL) (www.netplexgroup.com) creates e-business solutions that combine industry-specific business strategies; interactive digital marketing; user-centric applications and data systems; and secure, high-performance Internet systems infrastructure. Netplex's complete spectrum of "industrial-strength" e-solutions positions customers to confidently take advantage of the new digital economy. Netplex and the Netplex logo are trademarks of The Netplex Group, Inc. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are "forward-looking statements" (within the meaning of the Private Securities Litigation Reform Act of 1995) that involve a number of risks and uncertainties. It is possible that the assumptions made by management--including, but not limited to, those relating to contract awards, market opportunities, results, performance or expectations--may not materialize. Actual results may differ materially from those projected or implied in any forward-looking statements. In addition to the above factors, other important factors including the risks associated with unforeseen technical difficulties, changes in technology and standards, dependencies on key employees, contract performance, customer satisfaction, availability of technical talent, dependencies on certain technologies, delays, market acceptance and competition, as well as other risks described from time to time in the Company's filings with the Securities Exchange Commission, press releases, and other communications. --30--cl/ph* CONTACT: The Netplex Group, Inc., Reston Molly Alexander, 703/716-4777 malexander@netplexgroup.com or Investor Contact: Wall Street Investor Relations Corp. Joe Zappulla, 301/948-3430 joez@WallStreetIR.com KEYWORD: VIRGINIA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS INTERNET E-COMMERCE RETAIL TELECOMMUNICATIONS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com *** end of story ***