To: Instock who wrote (7684 ) 11/14/1997 7:16:00 PM From: Chance J. Curtiss Respond to of 79460
Dough: CHAT had some unbelievable news today...what'a blast. They have become progressivly cheaper over the last several weeks. I'd appreciate any opinions on CHAT's potential now. ChatCom Awarded Canadian Government Contract ChatCom Awarded Sole Source Canadian Government Contract CHATSWORTH, Calif--(BUSINESS WIRE)--Nov. 14, 1997--ChatCom Inc. (Nasdaq:CHAT - news), the leading manufacturer of highly managed rack mounted consolidated server products Friday announced that they have been awarded a sole source contract to provide their RAINS (Redundant Array of Independent Network Servers) hardware to the Canadian government in support of ongoing network infrastructure re-engineering projects. The Canadian government will use ChatCom hardware to minimize its risk of network downtime in critical data delivery environments. The ChatCom RAINS platform was chosen primarily because of its redundancy and high performance. The ChatCom hardware also allows the government to scale (grow) the system seamlessly as data and the number of network clients increase. The contract, and IDIQ (indefinite duration/indefinite quantity), is valued at approximately $2.5 million over the next eight to 12 months. ChatCom expects to ship the first portion of RAINS hardware, valued at $424,994 (USDLR), to Canada within the next two weeks, for installation by the government on Dec. 1, 1997. James Mariner, president and chief executive officer for ChatCom, said of the award: ''We are regularly beginning to see concrete indications, in the form of orders and newly emerging business opportunities that show us we are on the right track with our RAINS concept. ''Businesses and government entities who value the availability of their data must do whatever they can to insulate themselves from the risk of downtime and to position their networks to support continued growth elegantly. Our platform meets both of those criteria.'' ChatCom further announced that the company, because of the significant government and other business potential, has signed a lease on new office space in Toronto and expects to grow both its sales and services staff levels there over the coming months. Founded in 1982, ChatCom is a leading supplier of award-winning managed, consolidated application and communication server systems to Fortune 1000 companies worldwide. Located in Chatsworth, ChatCom is publicly held and traded on Nasdaq under the symbol CHAT. ChatCom can be reached at 800/456-1333 or on the Web at jlchat.com