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Technology Stocks : OPTELECOM (OPTC), A FIBER COMUNICATION CO -- Ignore unavailable to you. Want to Upgrade?

To: leigh aulper who wrote (73)	3/23/1999 11:34:00 PM
From: Don Hand	Read Replies (1) \| Respond to of 100

Celerity Systems Announces First Sale to Optelecom, Inc. KNOXVILLE, Tenn.--(BUSINESS WIRE)--March 23, 1999--Celerity Systems, Inc., (Nasdaq: CLRT - news) announced today its first sale of T 6000 digital set top boxes to Optelecom, Inc. of Gaithersburg, Maryland. These units will be used for deployment in a digital surveillance application. The units are shipping immediately. Subject to these initial units working successfully, significant additional sales are expected. Celerity Systems, Inc., manufactures digital video servers and digital set top boxes for the interactive video services and high speed Internet industries. Through partnerships with leading companies including Nortel, Minerva, Battelle Laboratories, Fore Systems, and Cisco, Celerity Systems, Inc., provides end-to-end solutions for interactive video and high speed Internet applications. This press release contains forward-looking statements. Such statements involve various risks that may cause actual results to differ materially from those expressed in such forward looking statements. These risks and uncertainties include, but are not limited to: market demand for the Company's products, successful implementation of the Company's products, competitive factors, the ability to manage the Company's growth and the ability to recruit additional personnel and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission, including but not limited to, those described under the caption ''Description of Business - Risk Factors'' in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 1997.