Artisoft and TELECO Announce Strategic OEM Partnership.CAMBRIDGE, Mass. and GREENVILLE, S.C.--(BUSINESS WIRE)-- Nov. 8, 1999-- Leading CT Vendor and Interconnect Giant Team to Deliver Software-PBXs to Small and Mid-Size Businesses Artisoft(R), 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 :ASFT ASFT Airport Surface Friction Tester ) and TELECO Inc. announced today a strategic OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and agreement to jointly distribute computer telephony See CTI, VoIP and IP telephony. Computer Telephony - Computer Telephone Integration (CT) solutions 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. . Under the agreement, TELECO, the nation's second largest independent interconnect company and value-added reseller A value-added reseller (VAR) is a company that adds some feature(s) to an existing product(s), then resells it (usually to end-users) as an integrated product or complete "turn-key" solution. of telecommunications solutions, will sell Artisoft's TeleVantage(R) software-based phone system to small-to medium-sized businesses and corporate branch offices through the company's vast channel of independent dealers nationwide. TELECO, with nearly 300 independent dealers nationwide, will sell TeleVantage under the company's private label, PerfeCT. The interconnect industry's top publication, Teleconnect Magazine, has named TELECO to its top 100 Interconnects list for more than a decade, with a top ranking of number 1 four years in a row. "Partnering with Artisoft will allow us to provide an intelligent and open software-PBX to our customers nationwide." said Darrell Hensley, vice president of national sales for TELECO. "We are very impressed with TeleVantage as it provides users with a kind of flexibility in communications that is not found elsewhere. Since the solution is open and highly scaleable, users can make an investment that will benefit them now and as their businesses continues to grow." TeleVantage provides call management, ACD (Automatic Call Distributor) A computerized phone system that responds to the caller with a voice menu and connects the call to the appropriate agent. It can also distribute calls equally to agents. functionality, IP Telephony, web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. capability, and messaging features for up to 96 trunk lines and 264 extensions. It is a flexible, upgradable software solution that operates on Windows NT systems and uses off-the-shelf computer, wiring and telephony hardware. When synchronized with networked desktop PCs, TeleVantage enables PC users to see and hear voice messages, graphically manage their own calls and integrate phone and e-mail messaging. "We are very pleased and excited to partner with TELECO, a company with a solid, skilled and reliable network of dealers across the nation," said Steve Manson, senior vice president and general manager of Artisoft. "With TELECO's sales and marketing expertise there is no doubt that TeleVantage will continue to gain momentum in the small- to medium-size business market. Furthermore, TELECO's proven history of serving the corporate branch office market will pave the way for branch offices to enhance their business communications with TeleVantage." About TELECO TELECO, with corporate headquarters in Greenville, South Carolina
Greenville is a mid-sized city located in the upstate of South Carolina. It is the county seat of Greenville CountyGR6 , has over $500 million annually in combined dealer revenues and services over 500,000 customers through its dealer base. Among other products, Teleco manufactures and distributes the Perfect Voice(R) family of unified messaging, voice and fax processing solutions and distributes TELCO branded telephone systems, Lucent telephone systems, Teltronics, and Brooktrout computer telephony products. For more information about TELECO, please call 1-864-297-4401, Ext. 800 or visit the Web site at www.teleco.com. About Artisoft Artisoft, Inc. (NASDAQ:ASFT) of Cambridge, Mass., is a recognized leader in providing easy-to-use, affordable computer telephony and communications software solutions for small-to medium-size businesses. Artisoft's innovative software products have received more than 100 industry awards including "Product of the Year", "Best of Show" and "Editors' Choice" by PC Magazine, VARBusiness, Computer Telephony Magazine and CTI (Computer Telephone Integration) Combining data with voice systems in order to enhance telephone services. For example, automatic number identification (ANI) allows a caller's records to be retrieved from the database while the call is routed to the appropriate party. Magazine among others. The company distributes its products in more than 100 countries around the world. For more information, please call Artisoft at 800-914-9985 or visit http://www.artisoft.com. "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 may contain forward-looking statements that involve risks and uncertainties. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements are the impact of competitive products and pricing, product demand and market acceptance risks, the presence of competitors with greater financial resources, product development and commercialization risks, costs associated with integration and administration of acquired operations, capacity and supply constraints or difficulties, the results of financing efforts and other factors detailed in the Company's filings with the Securities and Exchange Commission including its recent filings on Forms 10-K and 10-Q. Artisoft, TeleVantage and Visual Voice are registered trademarks of Artisoft, Inc. All other company and product names mentioned may be trademarks or registered trademarks of the respective companies with which they are associated. |
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