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Technology Stocks : FROG Leap Frog Smart Products -- Ignore unavailable to you. Want to Upgrade?


To: caly who wrote (8)6/28/2000 11:15:00 AM
From: caly  Respond to of 13
 
I don't understand this GSA stuff at all, but it looks like FROG will get a cut from Micron's Crucial Tech sales to the governement?

Wednesday June 28, 9:55 am Eastern Time

Company Press Release

Leapfrog Smart Products Signs Government Agent Agreement with Micron Semiconductor Products, Crucial Technology Division

ORLANDO, Fla.--(BUSINESS WIRE)--June 28, 2000--Leapfrog Smart Products Inc. (OTCBB:FROG - news), a leader in Smart card software development, and Micron Semiconductor Products' division, Crucial Technology, the world's largest factory-direct seller of memory upgrade modules, today announced the execution of an ``Authorized Government Agent'' agreement, by which Crucial's memory products will be listed on the General Services Administration (GSA) Federal supply schedule via Leapfrog's approved listing.

Leapfrog, as the holder of the GSA IT contract, acts as the principal supplier to governmental agencies. Crucial Technology is the supplier of products, under a pass-through arrangement. Leapfrog projects the value of the agreement to be in the multi-million dollar range on an annual basis.

Dale Grogan, President of Leapfrog Smart Products, commented: ``This arrangement is the first in what we anticipate to be a series of vendor agreements resulting from our recent GSA listing. This is an exciting milestone for our company as signing vendor contracts like the one with Crucial will allow Leapfrog to realize an additional revenue stream that will greatly add to our shareholder value.''

About Crucial Technology

Crucial Technology is a division of Micron Semiconductor Products Inc., which is a wholly owned subsidiary of Micron Technology Inc. (NYSE:MU - news). Crucial Technology sells memory upgrade modules factory direct from Micron Technology and offer 42,000 upgrades for more than 9,100 desktops, notebooks, servers and printers. Crucial Technology can be found on the Web at www.crucial.com.

Micron Technology Inc. and its subsidiaries manufacture and market DRAMs, SRAMs, Flash, other semiconductor components, memory modules and personal computer systems.

About Leapfrog Smart Products, Inc.

Leapfrog Smart Products, Inc. is a world-class leader in Smart card software development and system solution integration. Located in Maitland, Florida, Leapfrog is one of a small group of companies dedicated to creating applications for Smart cards. Smart cards are credit card-sized pieces of plastic with a computer microprocessor embedded within. Current applications of Smart card software include personal identification, e-purse transactions, loyalty points storage, physical and logical access, as well as portable storage of medical records. Leapfrog, through its General Services Administration (GSA) master contract, is also certified as a contractor with the United States federal government. Leapfrog Smart Products, Inc. is a publicly traded company, trading under the symbol FROG.

Statements in this news release that are not descriptions of historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as ``expect,'' ``intends,'' ``believes,'' ``plans,'' ``anticipates'' and ``likely'' also identify forward-looking statements. All forward-looking statements are based on current facts and analyses. Actual results may differ materially from those currently anticipated due to a number of factors including, but not limited to history of operating losses, anticipated future losses, competition, future capital needs, the need for market acceptance, dependence upon third parties, disruption of vital infrastructure and intellectual property rights. All forward-looking statements are made pursuant to the Securities Litigation Reform Act of 1995. Additional information on factors that may affect the business and financial results of the Company can be found in filings of the Company with the Securities and Exchange Commission.

--------------------------------------------------------------------------------
Contact:

Leapfrog Smart Products, Inc., Orlando
Dale Grogan, 407/838-0400
daleg@leapfrog-smart.com
or
Crucial Technology
Sean Spence, 208/363-5657
scspence@micron.com
or
Continental Capital & Equity Corporation
Larry Clark, lclark@insidewallstreet.com
Jim Blackman, jblackman@insidewallstreet.com
407/682-2001



To: caly who wrote (8)6/28/2000 11:21:00 AM
From: caly  Read Replies (1) | Respond to of 13
 
And Crucial's press release on this from last week:

Crucial.com opens door to more Federal customers

Contact: Sean Spence
Micron Technology, (208) 368-4400
crucial.com
micron.com

Boise, Idaho ? June 21, 2000 - Crucial.com, one of the world?s largest factory-direct sellers of memory upgrade modules, announced today an agreement with Leapfrog Smart Products, Inc. allowing Crucial.com memory products to be listed on the General Services Administration (GSA) federal supply schedule. This agreement makes Crucial.com products much more accessible to federal customers, particularly those seeking memory upgrades for servers, desktops, and laptops.

?In a 1999 survey of 4,000 Federal Computer Week magazine readers, 76% of the respondents said they will use the GSA Schedule to identify information technology vendors,? said David McCarthy, Crucial.com?s Government Sales Manager. ?Now, when federal customers go to the GSA schedule looking for memory upgrades, they will find Crucial.com products.?

?Adding Crucial.com products to the GSA schedule is a great deal for Crucial.com, as well as for the federal government,? said Fred Waddel, General Manager of Crucial.com. ?Now federal customers can buy upgrades directly from one of the largest memory manufacturers in the world - they?ll get a better quality product at a better price.?

Crucial.com is part of Crucial Technology, a division of Micron Semiconductor Products, Inc., which is a wholly owned subsidiary of Micron Technology, Inc. Crucial Technology sells memory upgrade modules factory direct from Micron Technology, Inc. and offers over 42,000 upgrades for more than 9,100 desktops, notebooks, servers and printers. Crucial Technology?s Web site is located at www.crucial.com.

Micron Technology, Inc. and its subsidiaries manufacture and market DRAMs, SRAMs, Flash, other semiconductor components, memory modules, and personal computer systems. Micron?s common stock is traded on the New York Stock Exchange (NYSE) under the symbol MU.

Headquartered in Orlando, Florida, Leapfrog Smart Products, Inc. designs, develops, licenses and markets Smart card applications, related database management systems and services. Leapfrog is complemented by its wholly owned subsidiaries, Conduit Healthcare Solutions and Leapfrog Global IC Products (LGIC). Their custom Smart card solutions include applications for health care, loyalty, distance learning, data management and tracking, access control, resort industries, and convention and exposition registration. Leapfrog?s commons stock is traded on the Over the Counter Bulletin Board under the symbol FROG, and their Web site can be located at www.leapfrog-smart.com.