Amedia CEO Issues Operational Update.EATONTOWN, N.J. -- In a letter to Company stockholders, Frank Galuppo, President and Chief Executive Officer of Amedia Networks, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AANI), a provider of home gateways and switched Ethernet An Ethernet network that is controlled by a switch instead of a shared hub. The switch cross connects all clients, servers and network devices, giving each sending-receiving pair the full rated transmission speed. ultra-broadband solutions, offered an update related to the Company's operations and growth strategy. The letter is also posted on the Company's website. Galuppo noted that progress has been continuing at an encouraging pace, and that the leadership team "has been diligently dil·i·gent adj. Marked by persevering, painstaking effort. See Synonyms at busy. [Middle English, from Old French, from Latin d laboring to achieve the business objectives that we have set for ourselves." Among his listed accomplishments were: --In February 2005, we announced our initial VDSL-based Fiber-to-the-Node / Curb curb 1. thickening of the plantar tarsal ligament in the hock of the horse. The ligament is obviously thickened a few inches below the point of the hock. Initially there is pain at the site, the horse is lame and at rest stands with the weight on the other leg. 2. solutions. --In October 2005, we announced a VDSL See DSL. VDSL - Very high bit-rate Digital Subscriber Line 2-based Home Gateway, the HG-V100, which was the first of its kind to be available in the market. --Also in October 2005, we announced that the HG-V100 would be available in a carrier-grade / hardened version that could be mounted outdoors. This was the first such product announced that was available to customers. --Recently, we announced our MDUStream(TM) solution that is based on this same technology, and targeted to helping telephone companies provide Triple Play services to subscribers living in Multiple Dwelling dwelling an abnormality of gait in a horse in which there is a momentary hesitation before the foot is placed on the ground. Units. --We expanded our market reach by entering into several key relationships with international distributors, resellers, and co-marketing partners in some of the fastest growing markets. Examples include SejongNT and Tellord in Korea, and Cambridge Industries in China. In addition, we entered into a wide-ranging strategic partnership agreement with Motorola. Continuing to address the Motorola relationship, Galuppo shared with stockholders a comment from Tony Zona zona /zo·na/ (zo´nah) pl. zo´nae [L.] 1. zone. 2. herpes zoster. zona arcua´ta inner tunnel. zona cilia´ris ciliary zone. , Vice President of Motorola Wireline Access Solutions, who stated that, "Motorola is proud to work with Amedia to bring our carrier customers advanced in-home gateways that can increase the return-on-investment they have made in the Motorola Multi-Service Access Platform. We look forward to bringing products to the marketplace that realize the full potential of the combined innovation and engineering resources of Motorola and Amedia." Galuppo added, "Amedia's aggressive response to industry shifts has enabled us to bring the right mix of assets to our relationship with Motorola - a worldwide leader in video delivery to the home." Among the other accomplishments listed by Mr. Galuppo were the high levels of visibility achieved by the Company's marketing initiatives, the formation of a respected and influential Advisory Board, and a series of successful demonstrations and trials of the Company's solutions. About Amedia Networks, Inc. Amedia designs and develops single family, building, and other ultra-broadband service gateways and switched Ethernet solutions. These secure and flexible solutions are used by network operators deploying Fiber-to-the-Premises, Fiber-to-the-Building, or Fiber-to-the-Node infrastructures to offer their residential and business subscribers high-speed data, IP video, and Voice over Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. (VoIP) services in a highly cost effective manner. For more information about Amedia Networks, please visit www.amedia.com. This press release may contain "forward-looking" statements as that term is defined in 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. A number of factors could cause Amedia's actual results to differ from anticipated results expressed in such 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. . Such factors are addressed in Amedia's filings with the Securities and Exchange Commission (available at www.sec.gov). Amedia assumes no obligation to update any forward-looking statements. |
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