Keep an eye on this one folks:
Albacom and Clariti Telecom Join Forces to Explore theDeployment of Clariti's Wireless Technology and Services in Europe
MILAN, Italy and PHILADELPHIA, March 20 /PRNewswire/ -- Albacom SpA, the Italian telecommunications provider for businesses, and Clariti Telecommunications International, Ltd. (OTC Bulletin Board: CLRI), a wireless and IP-based telecommunications company, signed a Memorandum of Understanding (MOU) today to explore the potential for integrating Clariti's wireless technology and products into Albacom's services portfolio in Italy and other European countries.
Clariti's proprietary wireless system delivers digital information to hand-held devices. The initial application for the technology will be voice messaging with data applications to follow. Clariti's patented ClariCAST(TM) Wireless Voicemail System combines attributes of pagers, mobile phones and voicemail into a single hand-held, portable device.
"Clariti is taking a very different approach to wireless messaging. Its low cost and rapid deployment infrastructure will enable us to bring this new wireless product to market in Italy and the rest of Europe quickly," said Giuliano Venturi, CEO of Albacom. "This MOU is part of our strategy to seek out the best technologies, products and services for our customers."
"Albacom is one of the leading innovative carriers in Europe and their interest confirms our belief in the potential of this technology," said Ronald Grawert, CEO of Clariti. "We look forward to working with them to bring our technology to commercialization in Europe."
About Albacom (http://www.albacom.it)
Albacom is the first Italian telecommunications company to provide service to the business market. The company is jointly owned by Mediaset SpA, energy group ENI SpA (NYSE: E), British Telecommunications (NYSE: BTY) and Banca Nazionale del Lavoro. Currently, Albacom has more than 30,000 business customers with 800 employees and forecasts to reach 700 billion lira (March 31, 2000). In Italy it has 8 branches in the main business cities: Milan, Rome, Torino, Bologna, Padova, Firenze, Napoli and Catania.
About Clariti (http://www.clariti.com)
Clariti Telecommunications International, Ltd. is a diversified international telecommunications company headquartered in Philadelphia, PA. Clariti's leading-edge businesses offer a wide variety of products and services in the four key areas of telecommunications: Voice, Data, Internet, and Wireless. Clariti is integrating its services using next-generation network technologies to offer advanced solutions at lower costs than traditional networks. Clariti is utilizing its state-of-the-art VoIP (voice over IP) network to deliver low-cost, high quality domestic and international voice and fax communications, dial-up Internet access, web hosting, and E-commerce solutions. Clariti markets its products and services to customers in rapidly growing telecommunications markets such as Latin America, Asia, Australia, the Middle East, and the U.S.
Special Note Regarding Forward-Looking Statements: This press release contains certain forward-looking statements that involve risks and uncertainties, including statements about Clariti's growth prospects, the ability to expand its telecom business and market share at a lower cost to both Clariti and its customers, and the development and sales of new products and services. Factors that could cause or contribute to such risks and uncertainties include, but are not limited to, general economic and business conditions, changes in telecommunications regulations, changes in consumer demand for certain telecommunications products and services, acceptance of IP Telephony and Clariti's wireless technology, and various other factors beyond the control of Clariti. This includes such factors as described from time to time in the SEC reports filed by Clariti Telecommunications International, Ltd., including the most recently filed Form 10-KSB.
SOURCE Clariti Telecommunications International, Ltd.
CO: Clariti Telecommunications International, Ltd.; Albacom SpA; Mediaset SpA; ENI SpA; British Telecommunications; Banca Nazionale del Lavoro
ST: Pennsylvania, Italy
IN: TLS
SU: JVN
03/20/2000 08:03 EST prnewswire.com |
