AcXess Signs Two Additional Business Continuity Customers.Enterprises Select Affordable and Powerful Solutions from AcXess to Protect Revenue and Operations; Customer Wins Illustrate AcXess' Ongoing Market Success BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla. -- AcXess, Inc. (Other OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : INIV.PK), the first company to make FORTUNE 100-class business continuity and resilient application solutions affordable for small and medium-sized enterprises, announced today that Pinnacle Hospitality Systems and Alternative Investment Resources have selected AcXess to provide business continuity services. AcXess solutions will protect the firms from loss of operational capabilities and revenue during natural or man-made emergency situations. "By incorporating business continuity services from AcXess into our company, we can ensure that our customers will be operational during a power outage Noun 1. power outage - equipment failure resulting when the supply of power fails; "the ice storm caused a power outage" power failure equipment failure, breakdown - a cessation of normal operation; "there was a power breakdown" or disaster, and that our own internal operations will not be disrupted," explained Stevan Barber, CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. of Pinnacle Hospitality Systems. "With AcXess' sophisticated and affordable solution, continuing business as usual will be as easy as flipping a switch." Pinnacle, headquartered in Ft. Lauderdale, Florida, provides industry standard computer based business solutions to the hospitality industry and has automated more than 1,000 businesses since 1989. Alternative Investment Resources is a full-service fund solutions provider serving private equity, venture capital, real estate, hedge funds and family offices. AIR executives and advisors have extensive experience in financial management, accounting, fund management, compliance and information technology. The company is based in Boca Raton, Florida Boca Raton ("bōkə rə-tōn") is a city in Palm Beach County, Florida incorporated in May 1925. As of the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. and provides 24/7 accessibility and security for fund managers. "We welcome Pinnacle Hospitality and Alternative Investment Resources to our growing roster of customers," said Tom Elowson, president of AcXess. "There is a great demand for affordable services that truly protect companies from downtime that can negatively impact revenue and disrupt customer relationships. We continue to see increased market traction for our business continuity services and for our high availability Also called "RAS" (reliability, availability, serviceability) or "fault resilient," it refers to a multiprocessing system that can quickly recover from a failure. There may be a minute or two of downtime while one system switches over to another, but processing will continue. managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality ." AcXess leverages its Application Continuity Xchange[TM] AcX framework to provide seamless Web access to the applications employees need during any IT downtime with their businesses. The AcX framework is also used to deliver high availability managed services. In September, AcXess announced that Microsoft's US Public Sector business selected the company to power its online demonstrations. Microsoft relies on AcXess to provide complex, solution-based software demonstrations on demand for use by thousands of Microsoft sales personnel and partners. AcXess allows firms of almost any size to avoid loss of operational capabilities and revenue during natural or man-made emergency situations, and to meet stringent business continuity requirements demanded by customers, partners, shareholders and federal regulators. AcXess business continuity solutions are affordable and powerful, and can be the difference between staying in business or failing. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the National Archives and Records Administration, only 43% of organizations suffering a disaster ever recover sufficiently enough to resume business and 93% of businesses losing access to their applications for 10 days or more file bankruptcy within one year. About AcXess, Inc. AcXess, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Innovative Software Technologies, Inc., is the first company to make FORTUNE 100-class business continuity and resilient application solutions affordable for small and medium-sized enterprises. AcXess enables resilience for critical IT infrastructure and allows firms of almost any size to avoid loss of operational capabilities and revenue during natural or man-made emergency situations, and to meet stringent business continuity requirements demanded by customers, partners, shareholders and federal regulators. The AcXess "channel-first" partner model enables VARs to immediately meet this rising demand for BC solutions while creating significant streams of recurring revenue. Prior to implementation of The AcXess Solution, a business impact analysis is completed for each customer that details the affordability and financial benefits of AcXess solutions, including ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). and reduced TCO (1) (Total Cost of Ownership) The cost of using a computer. It includes the cost of the hardware, software and upgrades as well as the cost of the inhouse staff and/or consultants that provide training and technical support. See ROI. . AcXess is headquartered in Boca Raton, Florida. For more information, visit www.acxess.com. A profile for investors can be accessed at http://www.hawkassociates.com/inivprofile.aspx. For investor relations Investor relations The process by which the corporation communicates with its investors. questions regarding AcXess, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info@hawkassociates.com. Media contact, Derek Beckwith, Beckwith PR Group, at (617) 331-3567, e-mail: derek@beckwithpr.com. Forward-Looking Statement 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. Statements in this news release that are not strictly historical in nature constitute "forward-looking statements." Such statements include, but are not limited to, statements about business development activities and financings, and any other statements relating to Innovative Software's products, services and product development activities. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Innovative Software's actual results to be materially different from historical results or from any results expressed or implied by such forward-looking statements. These factors include, but are not limited to, risks and uncertainties related to commercialization of our products and services; capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. and related fund raising activities, personnel and the additional risks discussed in Innovative Software's filings with the Securities and Exchange Commission, including the risks disclosed in our form 8-k Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. filed on June 30, 2006. All forward-looking statements are qualified in their entirety by this cautionary statement, and Innovative Software Technology, Inc. undertakes no obligation to revise or update this news release to reflect events or circumstances after the date hereof. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion