Appiant Technologies Subsidiary Awarded $3 Million Contract from Government Agency.Business Editors/High-Tech Writers PLEASANTON, Calif.--(BUSINESS WIRE)--Dec. 21, 2001 Appiant Technologies, Inc. (Nasdaq:APPS), a leader in 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, today announced its wholly-owned Singapore subsidiary, Infotel Technologies (Pte) Ltd., was awarded a contract worth approximately US $3 million to supply communications equipment to an Asian government agency. The agency can purchase additional products from Infotel at the same price levels for a six-month period. Appiant's Infotel subsidiary will deliver both ultra high frequency See UHF. and high frequency communications equipment for short and long-range voice traffic. The final system will provide the undisclosed government agency highly reliable, around the clock voice communication. "Our Singapore subsidiary is a valuable asset to Appiant and continues to deliver exceptional growth," said Doug Zorn, 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 Appiant Technologies, Inc. "We expect between 10 to 15% revenue growth for fiscal year 2002 despite Singapore's forecasted flat or slightly negative economy," said James Han, Managing Director of Infotel Technologies, Inc. "With our Singapore based communications expertise, we will be adding the inUnison(TM) unified communications service into Asian markets by mid-year 2002." "Our continued success in Asia and improving profit outlook from North American operations North American operation Surgical oncology Radical surgery of a 'frozen pelvis', consisting of radical en bloc resection of the uterus and urinary bladder. See 'Frozen pelvis.'. Cf 'All-American' and 'South American' operations. have encouraged management to revise our profitability forecasts," said Mr. Zorn. "With our improving profitability forecasts, coupled with cost concessions from our major suppliers, management expects Appiant to be profitable in all four quarters of fiscal 2002, whereas our earlier guidance projected a loss in Q1 followed by a breakeven breakeven 1. The level of output or sales necessary to cover fixed expenses. Companies in industries that have high fixed costs and, consequently, high breakevens, such as automobile and steel manufacturing, are likely to exhibit large fluctuations or slight profit in Q2. Cash will remain tight and could constrain con·strain tr.v. con·strained, con·strain·ing, con·strains 1. To compel by physical, moral, or circumstantial force; oblige: felt constrained to object. See Synonyms at force. 2. our growth if the financial market remains resistant to investment. Nonetheless, management anticipates revenue growth for fiscal 2002 will be between 30 to 40% with bottom-line profitability between 10 to 12%, as a percentage of revenue." About Appiant Technologies, Inc. Appiant Technologies, Inc., (Nasdaq:APPS), is a leading Unified Communications and Unified Information (UC/UI) software development company, delivering next generation UC/UI applications. Its inUnison(TM) portal enables WSPs, ISPs, and CLECs, the capability to offer the tools to manage all telephone, email, voice mail, facsimile, and notification needs in real-time anywhere, anytime 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 communication 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). , telephone, or cellular phone. Appiant's enabling technologies include a speech recognition engine that provides seamless access to its inUnison(TM) distributed portal architecture, allowing information integration from multiple sources. Appiant 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, CA, 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. More information available at http://www.appiant.com/. About Infotel Technologies, Inc. Since its inception in 1984, Infotel Technologies (Pte) Ltd. has quickly grown in size and stature to become a leading solution provider in the information and communication industry. The Company, recognized and respected for using cutting edge technology to provide customers with innovative solutions, has built up an impressive list of clientele that are among the leading global players in fields such as banking and finance, manufacturing, transportation and communication, commerce, and the government agencies. Infotel's culture of quality products and strong emphasis on dedicated services results in a tremendous customer loyalty as testified by the high number of enduring customer relationships. Infotel offers a range of products to meet varying customer needs, and has a unique ability to integrate various technologies, implementing customized solutions from initial system design, installation and project management to system support and maintenance. Infotel also works with service partners in the region to offer a single point of contact or "one-stop shop One-Stop Shop A company or a location that offers a multitude of services to a client or a customer. The idea is to provide convenient and efficient service and also to create the opportunity for the company to sell more products to clients and customers. " for multinational companies operating in this region. More information at http://www.infotel.com.sg/. Note: Except for historical information, the matters set forth in this press release 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. made pursuant to the "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. " provisions 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. All forward-looking statements are made as of today, based on current management expectations, and the company disclaims any duty to update such statements. All forward-looking statements, including those in this press release, are subject to certain risks and uncertainties that could cause actual results to differ materially. inUnison(TM) is a trademark of Appiant Technologies. |
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