Advanced Communications Subsidiary Cyber-Test has been Selected by N.E.W. Customer Service Companies, Inc. to Support Extended Service Contracts for New National Retail Client; Program Expected to Significantly Increase Revenue and Net Income.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Advanced Communications Technologies, Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : ADVC ADVC Analog to Digital Video Converter ), a New York-based holding company that specializes in the technology aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. service and supply chain known as reverse logistics This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. , announced today that its electronic equipment repair subsidiary Cyber-Test, Inc. was selected by N.E.W. Customer Service Companies, Inc. (NEW), the nation's leading provider of extended service plans, as one of its premier national service providers for NEW's newest retail client. As the sole provider of extended service plans for this major national retailer, NEW will offer this client's customers the option to protect their computer and electronic product purchases for two years beyond the manufacturer's warranty. Cyber-Test will be one of a number of service providers responsible for the repair of laptops and monitors covered by service plans sold at this retailer. Lisa Welton, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Cyber-Test said, "We have been doing business with NEW for more than 4 years and have proven ourselves as being a quality, timely and reliable service provider." Welton continued, "To be awarded this important piece of business for NEW proves their faith in our ability to consistently outperform our competitors in the repair and exchange service arena." "Cyber-Test was chosen as an NEW repair depot because they are able to deliver exceptional quality, they care about our business and adapt to meet our expectations," said Steve Miller The name Steve Miller might refer to:
NEW's current client list includes leading retailers such as Wal-Mart, Best Buy, Lowe's, Office Max, Sam's Club Sam's Club is a membership-only warehouse club owned and operated by Wal-Mart Stores, Inc. History The first Sam's Club opened in April 1983 in Midwest City, Oklahoma in the United States.[1] Sam's Club is named after Sam Walton. and The Sharper Image. Wayne Danson, president and CEO of Advanced Communications said, "Cyber-Test has maintained a prominent and valuable relationship with NEW for years, and now they have chosen us to be a part of this important new service plan program. As a result, we expect to increase our laptop and LCD television/monitor service business by more than 100%. We are very excited that our business is growing by leaps and bounds. We are committed to pursuing acquisitions in companies that complement our expansion plan of providing an integrated life-cycle service for the consumer electronics industry." Danson added, "Organic growth remains a core competency A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
About N.E.W. Customer Service Companies N.E.W. Customer Service Companies, Inc. (NEW) is the nation's leading provider of extended service plans, buyer protection services and product support for businesses and consumers. With more than 20 years experience, NEW provides exceptional post-sale consumer care for many of the nation's largest retailers, manufacturers, utilities and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. firms, providing coverage last year to more than 100 million consumers. NEW is headquartered in Dulles, VA, and operates eight communication centers across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . NEW has more than 2,400 employees nationwide. For more information, please visit NEW at http://www.newcorp.com or call 1-800 WHAT'S NEW (1-800-942-8763). About Advanced Communications Technologies Advanced Communications Technologies, Inc. is a New York-based public holding company specializing in the technology aftermarket service and supply chain, known as reverse logistics. Its 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. and principal operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon , Encompass Group Affiliates, Inc. acquires and operates businesses that provide computer and electronics repair services and end-of-lifecycle, asset distribution and recovery services. Encompass owns Cyber-Test, Inc., an electronic equipment repair company based in Florida that provides board-level repair of technical products to third-party warranty companies, OEMs, national retailers and national office equipment dealers. Service options include advance exchange, depot repair, call center support, parts and warranty management for office equipment, fax machines, printers, scanners, laptop computers, monitors and multi-function units, including high-end consumer electronics such as PDAs and digital cameras. For more information, visit http://www.advancedcomtech.net, or Cyber-Test's website at http://www.equipfix.com. This release and oral statements made from time to time by the company's representatives concerning the same subject matter may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements can be identified by introductory words such as "expects," "plans," "intends," "should," "believes," "will," "estimates," "forecasts," "projects" or words of similar meaning, and by the fact that they do not relate strictly to historical or current facts. Many factors may cause actual results to differ from forward-looking statements, including inaccurate assumptions and a broad variety of risks and uncertainties, some of which are known and others of which are not. Known risks and uncertainties include those identified from time to time in the reports filed by the company with the Securities and Exchange Commission, which should be considered together with any forward-looking statement. No forward-looking statement is a guarantee of future results or events, and one should avoid placing undue reliance on such statements. |
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