Advanced Laser Products begins to ship its new JUMBO molded 8000 laser printer toner cartridges.ANAHEIM, Calif.--(BUSINESS WIRE)--July 26, 1997--Advanced Laser Products (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ADLP ADLP Alaska Distance Learning Partnership ADLP Airborne Data Link Processor ADLP Army Distance Learning Program ADLP Aircraft Data Link Processor ADLP Army Distance Learning Plan (US Army) ADLP Advanced Data Link Program ) announced that its laser cartridge division has begun to ship its new "JUMBO" model 8000 laser printer toner cartridges, which will compliment their existing line of high capacity toner cartridges. The company will also roll out a new leasing plan for laser printers using their proprietary high capacity cartridges. This plan has received overwhelming interest from small businesses, schools, libraries, and other businesses where cash management is critical to their operation. This program should increase net income over the projected $4.8 million, or $.35 per share, for just the laser cartridge division. The company's CYBERCARD division has completed its beta testing (programming) beta testing - Testing a pre-release (potentially unreliable) version of a piece of software by making it available to selected users. This term derives from early 1960s terminology for product cycle checkpoints, first used at IBM but later standard throughout the of its CYBERCARD technology, which uses a state of the art voice recognition and authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. engine to verify the authorized user authorized user Radiation physics A person who, having satisfied the applicable training and experience requirements, is granted authority to order radioactive material and accepts responsibility for its safe receipt, storage, use, transfer and disposal of credit cards, calling cards, cellular phones, telebanking and other applications where PIN numbers are being used. This system virtually stops the use of stolen PIN numbers which last year cost the phone companies over $200 million in losses. In over three months of testing with the public, the CYBERCARD authentication system The combination of authentication server and authenticator, which may be separate devices or both reside in the same unit such as an access point or network access server. The authentication server contains a database of user names, passwords and policies, and the authenticator physically was never defeated. The CYBERCARD is currently being tested by several large credit card and telecommunications companies See telecom company. and the company feels that substantial contracts are imminent. This technology will be ready for installation in the fourth quarter of 1996 and will add to the revenues and earnings of the cartridge division. The company has prepared a special plan to be offered to all of the regional telephone companies. A 10% market share will provide ADLP with approximately $50 million in revenue while providing its customers with a $200 million annual reduction in losses. This offering is for the regional telephone companies only and does not reflect revenues from credit card, calling card or ATM companies or any other authentication system requiring the use of PINs. The company expects to achieve a 55% pre-tax profit margin with the CYBERCARD. The company is in negotiations with a Fortune 500 company for using CYBERCARD technology in its worldwide telecommunication system. CONTACT: Advanced Laser Products, Anaheim 714/534-3888 or 800/303-5209 |
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