Appiant Technologies Consolidates Operations.Business Editors/High-Tech Writers PLEASANTON Pleasanton, city (1990 pop. 50,553), Alameda co., W Calif., a suburb of the San Francisco–Oakland area, in a vineyard and dairy region; inc. 1894. Wine and cheese are produced, and there are publishing and stone-quarrying industries. , Calif.--(BUSINESS WIRE)--March 16, 2001 NHancement Technologies, Inc., (Nasdaq:NHAN), now doing business as Appiant Technologies, Inc., a unified communications/unified information (UC/UI) service provider, today announced the consolidation of its operations to allow a quicker and more efficient delivery of its inUnison(TM) communications portal. The move includes the closing of a number of remote operations, which will allow the organization to work closer and more efficiently. Along with this decision, senior management was compelled by market uncertainty to improve its financial position. Like numerous other technology corporations, after a careful analysis of various options, Appiant determined that the best way it could serve its shareholders and meet its market goals was to implement a 20 percent work force reduction. "The recent market conditions have caused us to carefully analyze the various options for taking the company back to a cash positive position," said Doug Zorn, president and chief executive officer. "We decided that the consolidation of work forces not only optimizes our time to market, but improves our financial position as well. These measures allow us to meet our business plan deliverables, despite the uncertainties of the financial markets in the months ahead. Our management team has carefully analyzed an·a·lyze tr.v. an·a·lyzed, an·a·lyz·ing, an·a·lyz·es 1. To examine methodically by separating into parts and studying their interrelations. 2. Chemistry To make a chemical analysis of. 3. these decisions and regrets that the current market condition compels such action." The consolidation leverages the synergies of those remaining and allows Appiant to focus on furthering customer development and service deployment. About Appiant Technologies Inc. Nhancement Technologies Inc., now doing business as Appiant Technologies Inc., (Nasdaq:NHAN), is a software development company that delivers unified communications The real time redirection of a voice, text or e-mail message to the device closest to the intended recipient at any given time. For example, voice calls to desk phones could be routed to the user's cellphone when required. and unified information software applications to service providers. Through Appiant's technologies, WSPs, CLECs, LECs, and ISPs may offer consumers and enterprise employees the ability to manage in real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. , all of their telephone, email, voice mail, faxing, notification, personal, affinity group A special interest group. This is a marketing term for a group of people with similar interests. and Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the information. Appiant's enabling technologies will include a speech recognition engine that allows seamless access to Appiant's distributed portal architecture that in turn will integrate information from multiple sources. In addition, Appiant's channel management capabilities will allow users to have effective access to this information on the road as effectively as in the office. Appiant's inUnison(TM) portal will combine Appiant's enabling technologies with other software components to allow all of this information to be managed in real-time and in a highly personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. manner using virtually any device such as a PC, PDA (Personal Digital Assistant) A handheld computer for managing contacts, appointments and tasks. It typically includes a name and address database, calendar, to-do list and note taker, which are the functions in a personal information manager (see PIM). , computer, telephone, or cellular phone. Appiant Technologies is a member of the Cisco New World Ecosystem partner program and has been designated a Cisco Powered Network member. Appiant is headquartered in Pleasanton, and has offices throughout 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. and abroad. For more information please visit the company's Web site at http://www.appiant.com/. This news release may include "forward-looking" statements, including projections within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. For example, statements in the future tense future tense n. A verb tense expressing future time. Noun 1. future tense - a verb tense that expresses actions or states in the future future are 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. . These forward-looking statements are based on information available to Appiant at the time of the release and neither company assumes any obligation to update any such forward-looking statements. The statements in this release are not guarantees of future performance and actual results could differ materially from the company's current respective expectations as a result of many factors. Forward looking statements include, but are not limited to, the company's ability to bring products to market; its ability to acquire or maintain market share; anticipated revenues being realized or growing as anticipated; the anticipated success of the company's applications and services in the marketplace; or the anticipated success of its business model. inUnison(TM) is a trademark of Appiant Technologies Inc. |
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