Amnis Systems Retains Equitilink LLC for Its Financial Communications Campaign; Company Receives Additional Funding From Shareholder Group.Business Editors & High-Tech Writers PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--Nov. 1, 2001 Amnis Systems Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AMNM AMNM Airman's Medal )(Frankfurt:ANI), a leading global provider of networked streaming video A one-way video transmission over a data network. It is widely used on the Web as well as company networks to play video clips and video broadcasts. Computers in home networks stream video to digital media hubs connected to a home theater. systems, is pleased to announce that it has retained Equitilink LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control to assist with its financial communications and shareholder relations campaign. Equitilink is a San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. based public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most and investor relations Investor relations The process by which the corporation communicates with its investors. firm that provides a variety of custom services for public companies. James J. Mahoney, managing director of Equitilink stated, "We've spoken to members of the Amnis team and we were extremely impressed with and very excited about the Amnis story. We believe there are significant long term opportunities in the digital video communications, surveillance and distance learning businesses. Amnis is a proven leader in these markets with an existing product installation base in many of the worlds finest companies and some of our nation's largest government entities. We want to get the word out about Amnis and the substantial future opportunities we believe exist as a result of expanded corporate intelligence and governmental defense budgets. After our meetings with the Amnis team, we are prepared to help the company communicate its story to the investment community and thus help Amnis achieve greater shareholder value." Amnis has also received a commitment for additional short term financing from a group of shareholders. The ongoing financing will be provided over the next few months with the first portion transferred to Amnis last week. Michael Liccardo, chairman, 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 Amnis Systems stated, "Over the last several weeks, we have reduced costs in all non-essential areas in order to trim down our operating cash requirements. Concurrent with Equitilink's efforts, we are pursuing all avenues of investment capital to finance our long-term efforts. While the present marketplace for capital investment is a difficult one, we are confident that we will be able to access the financial resources we will require to execute our long-term business strategy. We will continue to update our shareholders regarding our capital raising efforts." About Equitilink Equitilink assists public companies in improving their shareholder relations through professional, cost-effective public/investor relations strategies and specializes in working with small-cap and micro-cap companies. Equitilink helps its clients achieve fair market value by expanding public awareness and enhancing corporate image. Additional information is available on the Web at http://www.equitilinkpr.com/. About Amnis Systems Inc. (formerly Optivision Inc.) Amnis Systems Inc. (OTCBB:AMNM) is the dominant market leader in the networked streaming video market. The company develops, manufactures and delivers MPEG (Moving Pictures Experts Group) An ISO/ITU standard for compressing digital video. Pronounced "em-peg," it is the universal standard for digital terrestrial, cable and satellite TV, DVDs and digital video recorders (DVRs). network video products for high-quality video creation, management and distribution worldwide both directly and through leading industry partners. Based in Palo Alto, Calif., Amnis products are used in diverse applications such as distance learning, corporate training, video courier services, telemedicine, surveillance and visual collaboration. For more information about Amnis Systems Inc., visit www.amnisinc.com or visit www.optivision.com, or phone 800/239-0600. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " statement under 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: This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission. Our forward looking statements are based on currently available information which management has assessed but which is dynamic and subject to rapid and even abrupt change due to risks and uncertainties that affect our business, including the unpredictability of future revenues and limited visibility into future demand on which to base our forecasts; the current uncertainty in our marketplace which may impact expected demand. Customer selection criteria and sales cycle; our ability to execute on product deliverables and major customer contracts; slower economic growth generally, slower adoption of broadband technology, or cutbacks in information technology spending; and factors beyond our control such as power outages or work stoppages at key customers. |
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