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2Energia Awarded Multi Million Dollar Contract With Scott Studios DALLAS, Mar 4, 2003 (BUSINESS WIRE) -- 2Energia, Inc. ("2Energia") (OTC:TWEN) announces that the company has been awarded an exclusive contract by Scott Studios, Inc. (http://www.ScottStudios.com) to provide software and hardware installation, site surveys and technical support. The on-going contract with Scott Studios is valued at more than $30 million, with 2Energia generating $6 million per year, and is expected to generate an annual pre-tax profit for 2Energia of approximately $1.2 million. 2Energia will immediately assume full responsibility for the installation and technical support of all Scott Studios' software and hardware products throughout the United States, Canada and Central America. This significant contract represents the first out-sourcing of work by Scott Studios in its 28-year history. Every 17 hours, a new radio station purchases a Scott Studios' digital system. At this rate, 2Energia estimates that its consultants and technicians will be doing 40 to 45 installations per month, with each project requiring at least five to six days on site. About Scott Studios Founded in 1975, Scott Studios is the leading (and largest) digital audio firm in the United States, with more than 4,000 radio stations now using Scott Studios systems for their over-the-air broadcasts. In addition, several hundred Internet-only radio stations use Scott Studios gear to originate their webcasts. The company's flagship SS32 digital air studio package (along with companion audio and video news products) is an intuitive, user-friendly software package that plays songs, spots and sweepers instantly from a computer hard drive using flat-panel touch screens. Scott Studios' SS32 is widely regarded as the best digital audio system available for commercial radio stations. About 2Energia 2Energia is a rapidly-growing total solutions provider, offering staffing and long-term contract consulting services in the following specialty areas: Information Technology, Technical Services, Software / Programming and Call Center Services. 2Energia strives to achieve clients' business objectives through the appropriate use and implementation of technology. 2Energia's management team brings more than three decades of application management experience and proven track records of building successful and profitable IT consulting and technical firms. This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"), as well as Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. In particular, when used in the proceeding discussion, the words "plan", "confident that", "believe", "expect", or "intend to" and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements are subject to certain risks and uncertainties that are subject to change at any time, and the Company's actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, the availability of components for, and delays in the start of production, general acceptance of the company's products and technologies, competitive factors, the ability to successfully complete additional financing and other risks. CONTACT: 2Energia, Inc., Dallas Tim Jacobs, 866/834-0422 | ||||||||||||||
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