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Technology Stocks : Cognitronics (AMEX: CGN) -- Ignore unavailable to you. Want to Upgrade?

To: Neil Kalton who wrote (114)	3/20/1998 8:44:00 AM
From: JakeStraw	Respond to of 142

Cognitronics Announces Volume Purchase of its Voice Processing Systems DANBURY, Conn., March 20 /PRNewswire/ -- Cognitronics Corporation (AMEX: CGN - news) today announced receipt of initial purchase orders aggregating over $500,000 from a competitive local exchange carrier for delivery of Cognitronics' McIAS(TM) 1623/IP voice information systems in the first and second quarters of this year. This new competitive communications company, which will provide local exchange, long distance and high-speed data transmission services in major and mid-sized markets throughout the United States, will install Cognitronics' flagship McIAS 1623/IP voice information systems on its Nortel DMS-500 digital switching systems to provide voice information services to its customers, including network, number change intercept and automatic number announcements. Enhanced services announcements may be added in the future. ''We welcome this new customer to the growing list of competitive telephone service providers who have selected Cognitronics' McIAS 16xx/IP product technology to provide announcement services on their networks,'' said Brian J. Kelley, president and chief executive officer of Cognitronics. ''We anticipate additional orders from this customer later in the year.'' Statements contained herein which are not historical facts are forward-looking statements. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks and uncertainties including but not limited to, variability of sales volume quarter to quarter, product demand, market acceptance, litigation, risk of dependence on significant customers, third party suppliers and intellectual property rights, risks in product and technology development and other risk factors detailed in the company's Securities and Exchange Commission filings. Cognitronics is a leading manufacturer and supplier of voice information systems, including telephone network and call management products, to telephone operating companies, other telecommunications providers and original equipment manufacturers. SOURCE: Cognitronics Corporation