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Microcap & Penny Stocks : Syncronys Softcorp (SYCR) -- Ignore unavailable to you. Want to Upgrade?

To: LaShark who wrote (25775)	2/12/1998 8:48:00 AM
From: Roy F	Read Replies (1) \| Respond to of 30240

Syncronys Signs Strategic MarketingAgreements With Leading Hard Drive and Modem Manufacturers February 12, 1998 08:30 AM CULVER CITY, Calif.--(BUSINESS WIRE)--Feb. 12, 1998--Syncronys Softcorp SYCR , today announced that it has entered into strategic marketing agreements with leading hard drive manufacturer, Western Digital Corporation WDC and leading modem manufacturer, Askey Communication USA Inc. Syncronys has entered into a marketing agreement with Western Digital who will provide cash rebates on retail hard drives as part of a major direct marketing campaign by Syncronys to launch its BigDisk product. "Western Digital is a household name in hard drives -- we are extremely excited about their participation in this campaign. Their hard drives and our product BigDisk, which manages multiple hard drives, are a winning combination for consumers, and will definitely build Syncronys mind share" said Joe Cheng, Syncronys Vice President of OEM & Asian Sales and Marketing. Irvine, California-based Western Digital is a leader in information storage products and services with annual revenues of $4 billion. Syncronys also entered into an OEM distribution agreement with Askey Communication USA Inc. in which Askey and its parent, Askey Computer Corporation, will bundle Syncronys software products with its modems to be shipped worldwide. Askey, the second largest modem manufacturer in the world with annual sales of $230 million, has committed to place OEM versions of four Syncronys software products with at least 500,000 modems, commencing later this quarter, providing upwards of two million Syncronys products shipped to PC consumers. Askey and Syncronys are considering expanding this agreement. Syncronys products selected under this agreement include BigDisk, Zipper and EyeCatcher. Askey will produce the CD-ROM disks containing these Syncronys products, at no cost to Syncronys, to be enclosed with its modems. Consumers can then purchase upgrades to the full versions of Syncronys products via a toll free telephone number or on-line via Syncronys' secured website. Commenting on the agreement, Jeff Kao, Askey product manager, said, "Syncronys produces innovative software utilities that provide our customers with enhanced value, making Askey's bundled products that much more competitive in the market. We see this alliance with Syncronys as producing strong benefit for our customers, as well as for Askey and Syncronys." "This OEM agreement with Askey will lead to accelerating product sales and enhanced branding for Syncronys products. Askey is widely regarded as a leading PC product company, and we are delighted to have entered into this alliance with them" said Joe Cheng, Syncronys Vice President of OEM & Asian Sales and Marketing. "This agreement will also serve to build revenues for Syncronys in the lucrative OEM marketplace." Syncronys will hold its conference call addressing its quarterly financial release on Tuesday at 9:30 am EST. Please call Shareholder Solutions at (303) 220-0121 or MCP at (212) 421-2545 for reservations. Headquartered in Culver City, California, Syncronys Softcorp, whose mission is to "synchronize man and machine", is the developer of the revolutionary Smart File(TM) technology. For more information on Syncronys, or to receive future press releases electronically, visit Syncronys' website at www.syncronys.com.