Well the news is out...so much for my buy order at $1.80...on with the show!!!
Wednesday December 23, 11:41 am Eastern Time
Company Press Release
Carnegie International Corp. Gains National
MAVIS Distribution via ALLTEL
BALTIMORE--(BUSINESS WIRE)--Dec. 23, 1998--Carnegie International
Corporation (OTC: BB CAGI) said today it has signed a definitive supply
agreement with ALLTEL Supply, a business unit of ALLTEL (NYSE:AT -
news) for domestic distribution of its proprietary MAVIS™ automated
attendant and voice mail/message system.
The agreement enables ALLTEL Supply to distribute MAVIS to its affiliates and non-affiliates in the
U.S., adding more than 500 Comdial (NASDAQ: CMDL - news) dealers to Carnegie's U.S. sales channel.
ALLTEL (www.alltel.com) is a customer focused company that provides wireline and wireless
communications services and information services, and is also a leading distributor of communications
and data networking equipment for data network service providers and end users. ALLTEL is a major
distributor of Lucent (NYSE: LU - news), Panasonic and Comdial telecommunications equipment.
Carnegie International (www.carnegieint.com) is a holding company specializing in Internet, telephony
and telecommunications products, services and distribution. Introduced this summer, MAVIS (for
Multi-Language Automated Voice Independent System) is the premier voice-activated auto attendant
and voice mail/message system that communicates intelligently with callers via advanced, proprietary
voice recognition software. The MAVIS interface is available in English and all foreign languages
supported through licensed Lernout & Hauspie (NASDAQ: LHSPF - news) software and Dialogic
(NASDAQ: DLGC - news) CPU telephony cards.
Enhanced Business Telephone Use with MAVIS
''This definitive agreement with ALLTEL can dramatically alter and enhance business telephone use
in the U.S. through MAVIS' voice-recognition and voice mail capabilities,'' said Lowell Farkas,
Carnegie's president and CEO. ''The expertise and distribution channels provided by ALLTEL, along
with its marketing muscle, should also help Carnegie reach our 1999 goal of 10,000 MAVIS units sold
and $40 million in revenues.''
B. Pete Thomas, vice president of ALLTEL's Communications Products Centers Group, said his
company ''is excited about offering MAVIS' leading-edge solution to our dealers. We will work closely
with Carnegie to make voice recognition a standard in the 21st Century, and to establish MAVIS as the
leading voice-driven auto attendant and voice mail and messaging system for business, government
agencies and educational institutions in the U.S.''
Adding to MAVIS Distribution Worldwide
''Carnegie is pleased that another peg is in place for worldwide MAVIS distribution,'' Farkas said,
adding ''the strength of ALLTEL's U.S. network complements international agreements announced
earlier this month by Carnegie to license, market and distribute MAVIS in Russia and other Eastern
European countries including Poland, Hungary and the Czech Republic, and separate agreements in
Italy and Switzerland.''
Carnegie International Corporation (OTC: BB CAGI) is a holding company specializing in Internet,
telephony and telecommunications products, services and distribution. Carnegie's primary
wholly-owned subsidiaries include: RomNet Support Services, Inc., an Internet, e-business and technical
support services company based in Boston; Profit Through Telecommunications (Europe) Ltd. (PTT), a
telecommunications software company providing business solutions utilizing proprietary speech
recognition, touch tone and bar code responses to send and/or receive information; Talidan, a reseller
marketing telephone time and information at discounted rates in Europe, South America, and other
emerging markets, ACC Telecom of Columbia, Maryland, a leading reseller of equipment and business
telephone systems from Comdial, SONY® (NYSE: SNE - news), and Sprint® (NYSE: FON - news), and
Voice Quest, Inc., of Sarasota, Florida, a developer and provider of speech recognition and voice mail
technologies and products. For the first half of fiscal 1998 ended June 30, Carnegie reported total
income of $8.9 million and after-tax basic earnings per share of $0.075. For fiscal 1997, Carnegie
reported total income of $6.9 million and after-tax basic earnings per share of $0.07.
ALLTEL Supply, a business unit of ALLTEL (NYSE: AT - news) , is headquartered in Norcross,
Georgia, and is one of the nation's leading providers of telecommunications and data communications
products. ALLTEL Supply offers more than 50,000 products from 500 manufacturers through a
professional sales team and a network of nationwide distribution facilities and Communications
Products Centers. ALLTEL is a customer-focused information technology company that provides
wireline and wireless communications and information services.
Private Securities Litigation Reform Act of 1995 provides a ''safe harbor'' for forward-looking
statements. Certain information included in this Press Release (as well as information in oral
statements or other written statements made or to be made by Carnegie International Corporation)
contain statements that are forward-looking, such as statements relating to the future anticipated
direction of the telecommunications industry, plans for future expansion, various business development
activities, planned capital expenditures, future funding sources, anticipated sales growth, and potential
contracts. Such forward-looking information involves important risks and uncertainties that could
significantly affect anticipated results in the future, and accordingly, such results may differ from those
expressed in any forward-looking statements made by or on behalf of Carnegie International
Corporation. These risks and uncertainties included, but are not limited to, those relating to
development and expansion activities, dependence on existing management, financing activities,
domestic and global economic conditions, change in Federal or state laws, and market competition
factors.
MAVIS is a trademark of Carnegie International Corporation. Other trademarks are properties of their
respective owners.
Contact:
Carnegie International Corporation
Lowell Farkas
+(410) 785-7400
lfarkas@carnegieint.com
or
The Kaminer Group
David A. Kaminer
+(914) 684-1934
dkaminer@kamgrp.com
More Quotes
and News:
Alltel Corp (NYSE:AT - news)
Carnegie International Corp (Colorado) (OTC BB:CAGI - news)
Comdial Corp (Nasdaq:CMDL - news)
Dialogic Corp (Nasdaq:DLGC - news)
Lernout En Hauspie Speech Products (Nasdaq:LHSPF - news)
Lucent Technologies Inc (NYSE:LU - news)
Sony Corp (NYSE:SNE - news)
Sprint Corp (NYSE:FON - news)
Related News Categories: computers, internet, ISDEX, networking, retail, software, telecom
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