Applied Cellular Technology Inc.'s Subsidiary ATI Communications Realizes Revenues of $1.85 Million From an Interconnect Contract With the Commonwealth of Pennsylvania.NIXA, Mo.--(BUSINESS WIRE)--Aug. 8, 1997--Applied Cellular Technology Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ACTC ACTC Apple Certified Technical Coordinator ACTC Almaden Cycle Touring Club ACTC Associated Colleges of the Twin Cities ACTC All Ceylon Tamil Congress (Sri Lanka) ACTC Association Canadienne de Télévision par Câble ) announced today it's wholly-owned subsidiary ATI (ATI Technologies Inc., Markham Ontario, http://ati.amd.com) A leading manufacturer of graphics chips and display adapters. Founded in 1985 by K. Y. Ho, Benny Lau and Lee Lau, ATI chips and boards are widely used by OEMs. Communications has realized revenues of $1.85 million from their contract with the Commonwealth of Pennsylvania. This contract represents 6% of the projected $30 million that ATI will contribute to Applied Cellular this year. ATI has been providing the Commonwealth of Pennsylvania with superior and outstanding interconnect-business telephone system and voice mail service for 3 years and 1997 represents the largest contract to date. ATI Communications was acquired in the third quarter of 1996 by Applied Cellular. Based in Bethel Park Bethel Park A borough of southwest Pennsylvania, an industrial suburb of Pittsburgh. Population: 33,100. , Pa., ATI has over 400 employees in 50 locations throughout the Mid-Atlantic Region. The company provides cellular telephones and other wireless services, business telephone systems, voice mail, automated attendant In telephony, an automated attendant (also auto attendant or auto-attendant, or sometimes autoattendant or AA) system allows callers to be automatically transferred to a user's extension without the intervention of a receptionist. units, long distance and other network services, Internet access See how to access the Internet. , and direct satellite TV services. ATI's major markets include Pittsburgh, Harrisburg, Washington DC, Baltimore and Northern Virginia Northern Virginia (NoVA) consists of Arlington, Fairfax, Loudoun, and Prince William counties and the independent cities of Alexandria, Falls Church, Fairfax, Manassas, and Manassas Park. . The company's management believes it is the largest cellular agent in each of its regions, as well as being the largest dealer of Toshiba and Telrad equipment in the Mid-Atlantic Region. ATI is expected to bid the Commonwealth of Pennsylvania contract again this fall and is actively pursuing other municipal and state agencies as valued ATI customers. Scott Silverman, president of ATI Communications, commented, "As our interconnect division continues to grow at a rapid pace and diversify, we our realizing cross-marketing opportunities between the city and state governments along with our historic private business customer base. ATI's objective and focus will be to continue to provide quality service and products to all customers, government and private, while steadily increasing our interconnect revenues." In addition, Barry Smoker was recently appointed to the president of the Sales Division for ATI. Prior to his appointment, Barry was the General Sales Manager sales manager n → gerente m/f de ventas sales manager n → directeur commercial sales manager sale n → for ATI's Philadelphia region during the past 8 years. With the overall goal of increasing ATI's sales and net profits, Smoker will focus on expanding ATI's client base through a reversion of "back to the basics" aggressive sales skills and instilling a relentless attitude for success. "He is a proven commodity and sales leader who will have an immediate impact on company-wide sales," said Silverman. Applied Cellular Technology Inc. is a specialty telecommunications and high-technology company whose focus is to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the industry's move from analog to digital -0- Statements about the company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and 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. The company intends that such forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the company's actual results could differ materially from expected results. CONTACT: Applied Cellular Technology Inc., Nixa Matt Hayden or Vince Buczek, 803/272-4653 |
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