To: Doug R who wrote (27597 ) 3/23/1999 7:56:00 AM From: ACAN Respond to of 79214
Doug; LORX News- new orders Home - Yahoo! - Help [ Business | US Market | By Industry | IPO | AP | S&P | International | PRNews | BizWire ] Tuesday March 23, 7:00 am Eastern Time Company Press Release SOURCE: Lonorix Information Systems, Inc. Loronix Information Systems, Inc. Announces Orders DURANGO, Colo., March 23 /PRNewswire/ -- Loronix Information Systems, Inc. (Nasdaq: LORX - news) announced today that it has received over $7.5 million in orders since February 1, 1999. ''These orders include, among others, add-on business from Philips Projects Australasia, Cisco Systems, Federal Express and a third Federal Prison as well as new business from Oracle Corporation,'' commented Mr. Edward Jankowski, Chief Executive Officer for Loronix. ''All of these orders include Loronix Enterprise digital recording products that are scheduled to be shipped throughout 1999 and possibly into the year 2000,'' added Mr. Jankowski. ''We are obviously very pleased with these developments which provide further indication that digital video recording technology is being accepted in the marketplace. Since the first of the year Loronix has booked in excess of $14.5 million of business which provides an excellent foundation for success in 1999,'' concluded Mr. Jankowski. The statements in the second sentences of the second and third paragraphs contain forward-looking statements that are subject to various risks and uncertainties. Actual results could differ materially from those projected in such forward looking statements for a number of reasons, including the cancellation or postponement by customers of orders and the Company's inability to meet delivery schedules for products. For additional factors please see the Company's Annual Report on Form 10-KSB for the year ended December 31, 1997, and its Quarterly Report on Form 10-QSB for the quarter ended September 30, 1998. Loronix is a publicly held corporation that develops, markets, sells and supports a family of innovative digital video surveillance and digital video imaging identification systems for use in a wide range of applications and industries. SOURCE: Lonorix Information Systems, Inc. More Quotes and News: Loronix Information Systems Inc (Nasdaq:LORX - news) Related News Categories: computers, software Help Copyright © 1999 PRNewswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. See our Important Disclaimers and Legal Information. Allan P