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Gold/Mining/Energy : M.SMY SAMSYS -- Ignore unavailable to you. Want to Upgrade?


To: Rampant who wrote (24)2/23/2000 9:09:00 AM
From: Jim O'Connell  Read Replies (1) | Respond to of 28
 
SAMSys Technologies Inc. Announces Sales Alliance with Marconi Data Systems Inc.

Alliance provides sales relationship for RFID wireless products with world-leading multinational communications and IT company

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Stock Symbol: SMY/ME

Outstanding Shares: 18.7 million F/D

Web Site: www.samsys.com

Company Contact: Cliff Horwitz,CEO, 905-707-0404x230 e-mail: chorwitz@samsys.com

Investor Relations: Gerry Wimmer, 888-894-8222 e-mail: gwimmer@investorfile.com

Media Contact: Tracy Holotuk 416-466-8564 e-mail: tracy_holotuk@hotmail.com

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Toronto, ON - February 23, 2000 - SAMSys Technologies Inc. (SMY:ME): SAMSys Technologies Inc. ("the Company") announced today a strategic sales alliance with Marconi Data Systems Inc. (MDS), involving the establishment of a new sales agency relationship between MDS and Clifford A. Horwitz. Under the terms of the agreement, Mr. Horwitz will provide sales opportunities to MDS with respect to potential end-users' requirements for comprehensive, multiple-technology solutions. Clifford Horwitz is the Chairman and CEO of SAMSys Technologies Inc.

SAMSys Technologies Inc. is the world leader in the design and supply of Radio Frequency Identification (RFID) hardware solutions for high-volume pallet and reusable container tracking applications in global Logistics Management, Materials Handling and Supply Chain industries. The Company's technology, the SAMSys(r) FasTrak Radio Frequency Identification (RFID) system, is a proprietary automatic data collection medium of RFID tags and readers which enables the tracking of goods and assets without the need for direct contact or operator intervention, providing unique functional and cost benefits versus other available technologies.

A Marconi plc company, Marconi Data Systems Inc. has an installed base of over 200,000 units worldwide, and employs over 1800 persons in 26 operations around the world. It operates nine subsidiaries/direct sales organizations located in Canada, France, Germany, Ireland, Japan, The Netherlands, Singapore, Spain and the United Kingdom. MDS manufactures and distributes premium-quality digital imaging, marking and coding systems and information business process solutions. Videojet, Cheshire and Marsh products manufactured by MDS comprise the world's leading line of non-contact, ink jet printing and laser coding equipment, high speed addressing and mailing equipment, in-line graphic control and postal coding systems.

Marconi plc is one of the world's fastest growing communications and IT companies with a strong record of innovation and technological breakthroughs. It is a world leader in smart broadband optical networks and it supplies the key technologies and services for the New Public Network and the Internet. With 45,000 employees worldwide and sales in over 100 countries, it is headquartered in London, listed on the London Stock Exchange and included in the FTSE-100 index.

SAMSys Technologies Inc. is a public company whose shares are listed for trading on the Montreal Exchange under the symbol: "SMY". The Company has a total of 18,748,465 shares fully diluted outstanding. For more information about SAMSys, visit the web site: www.samsys.com and www.investorfile.com.

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Gerry Wimmer
Investor Relations
InvestorFile.com
Direct: (416) 360-8895
Fax (416) 360-0787
Toll Free: 1-888-894-8222

EML: gwimmer@investorfile.com
ULR: www.investorfile.com