@Comm Trims Work Schedules as It Continues to Seek Additional Funding.Business Editors/High Tech Writers BURLINGAME, Calif.--(BUSINESS WIRE)--April 25, 2001 @Comm See comms. Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ATCM ATCM Antarctic Treaty Consultative Meeting ATCM Airborne Toxic Control Measure ATCM Association of Town Centre Management (UK) ATCM Air Toxics Control Measure ATCM Aeronautical Time Cycle Management ATCM Advanced Technology Cruise Missile ) said today that is has trimmed work schedules beginning this week to assist in its cost-reduction initiatives. The company, a provider of integrated communications systems In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. that offers smart telephony and data networking capabilities to small and mid-sized businesses, asked most of its employees to take paid time off or unpaid leave, as it continues to seek additional funding to bolster sales growth for its new Town Square(TM) integrated communications system for small businesses. If, however, we are unsuccessful in obtaining funding in the near future, more severe actions may be necessary. @Comm said that the work-schedule reduction program would not affect its ability to provide full service to customers. About @Comm @Comm (NASDAQ: ATCM) develops and distributes integrated communications systems, providing businesses with smart telephony and data networking capabilities that enable advanced communications services and applications and significantly reduce complexity and operating costs operating costs npl → gastos mpl operacionales . Formerly known as Xiox Corporation, @Comm also markets telemanagement systems and solutions under the Xiox brand name, providing cost-saving tools for telephone expense control, billback, utilization, and fraud control. The company employs approximately 165 people, mostly in California and New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). . For more information: @Comm Corporation, 577 Airport Blvd., Suite 700, Burlingame, CA 94010, (650) 375-8188, www.atcomm.com. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. regarding @Comm's ability to raise additional capital, new product introductions and sales of its current products. The future performance of @Comm is subject to risks and uncertainties, including the risks that its new product introductions are not successfully implemented or do not achieve acceptance in the marketplace, and the risk that sales of existing products may decline. Accordingly, the actual performance of the Company may differ materially from management's expectations. Significant variables that could affect the Company's performance are discussed in documents filed by the company with the Securities and Exchange Commission. Investors are encouraged to consider the risks and uncertainties discussed in those filings. |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion