To: Sal Davis who wrote (2593 ) 4/25/2000 10:11:00 AM From: Rajamani Ganesh Respond to of 2616
Hopefully posts like the following will help move the price up ... Tuesday April 25, 9:30 am Eastern Time Company Press Release SOURCE: CyberGuard Corporation CyberGuard Corporation Announces Million Dollar Firewall Contract with Major Government Reseller New Technology Management, Inc. (NTMI) -- Commits to More than $1 Million in Firewalls for Undisclosed Buyer -- -- Win Affirms Strength in Government Market -- FT. LAUDERDALE, Fla., April 25 /PRNewswire/ -- CyberGuard Corporation (OTC Bulletin Board: CYBG - news), a leading provider of network security solutions, today announced it has received a $1 million order from New Technology Management Inc. (NTMI), a leading government contractor. Under the terms of the agreement, CyberGuard will provide high-end firewall products to a classified undisclosed end user, procured on behalf of the United States government by NTMI. The total procurement amount is expected to reach approximately $1.5 million. According to NTMI, CyberGuard's products were chosen because of their multiple level security architecture and hardened operating and network features that are particularly suited for the high security needs of their government customers. The agreement with NTMI is part of CyberGuard's strategy to leverage resale distribution channels to market firewalls to industry-leading companies and government agencies with large data infrastructures and security needs. By working with NTMI, one of the largest minority owned government contractors in the Metropolitan Washington DC area, the company is poised for additional growth opportunities in the government arena. ``Working with NTMI provides us with a partner we can now leverage to promote our superior security technology to companies who contract with the federal government,'' said David Proctor, chief executive officer for CyberGuard Corporation. ``This agreement reaffirms our strength in the government market.'' Lurita Doan, president of NTMI, commented, ``Delivering a top-notch product on time and on budget is critical to our success with our government clients. We partner with CyberGuard due to their ability to deliver a superior high- availability firewall that is cost-effective and has few implementation barriers.'' About New Technology Management Inc. (NTMI) New Technology Management Inc. (NTMI) is a $25 million information technology provider specializing in non-intrusive remote inspection devices, remote data transfer technologies, and complex network integration. Founded in 1990 by Lurita Doan, NTMI is a provider of cutting-edge information technology operations, management, acquisition, maintenance and integration services for a variety of military and civilian agencies, including but not limited to the Navy, Army, Air Force, US Customs and the U.S. Dept. of Agriculture. More information on NTMI can be found at ntmi.com . About CyberGuard Corporation CyberGuard Corporation is a leading provider of enterprise security and electronic commerce solutions to Fortune 1000 companies and governments worldwide. CyberGuard's award winning, industrial-strength firewall products and services protect the integrity of data and applications from unauthorized access. The company has world headquarters in Ft. Lauderdale, Florida and branch offices worldwide. More information on CyberGuard Corporation can be found at cyberguard.com . Forward-Looking Statements Statements regarding estimates and future prospects contained in this press release are forward-looking statements. These statements are based upon assumptions and analyses made by the Company in light of current conditions, future developments, and other factors the Company believes are appropriate in the circumstances, or information obtained from third parties, and are subject to a number of assumptions, risks and uncertainties. Readers are cautioned that forward-looking statements are not guarantees and that actual results might differ materially from those suggested in the forward-looking statements. Some of the factors that might cause future actual events to differ from those predicted or assumed include: future advances in technologies and computer security; the Company's history of losses; the Company's ability to execute on its business plans; the Company's dependence on outside parties such as its key customers and alliance partners; competition from major computer hardware, software, and networking companies; uncertainties in availability of expansion capital in the future and other risks associated with capital markets; the outcome of purported class action lawsuits against the Company; and recent changes in management. For a more complete discussion regarding forward-looking statements, the reader is referred to the Company's periodic reports filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, including the Form 10-K for the fiscal year ended June 30, 1999, and other information filed with the Commission. CyberGuard Firewall is a trademark of CyberGuard Corporation. All other trademarks are property of their respective owners. SOURCE: CyberGuard Corporation