Asian Market Resurgence Fuels netGuru's Accelerated Growth for Its Engineering and Collaboration Software Business.Business Editors & High-Tech Writers FORUM 2002 YORBA LINDA Yorba Linda (yôr`bə lĭn`də), city (1990 pop. 52,422), Orange co., S Calif., in a region of citrus fruit; inc. 1967. The city has grown tremendously along with the southern California area; its population increased fivefold between , Calif.--(BUSINESS WIRE)--April 18, 2002 Research Engineers International (REI), a division of netGuru Inc. (Nasdaq:NGRU), today announced the launch of STAAD.Pro 2002, the next generation of its flagship engineering software for structural design and analysis, at FORUM 2002 held at Bangkok, Thailand. FORUM is an annual event, which brings together STAAD users from across the world to exchange ideas and focus on users' needs for the next level of development. The choice of Bangkok for the four-day event April 17-20, 2002 sharply underlines REI's growing presence in the emerging Asian markets in conjunction with netGuru's strategy to broad base its reach across the world. This year's conference will provide a comprehensive product overview and training programs including Tech Camps, special presentations from STAAD user-experts and plenary sessions showcasing REI's latest software products. The highlight of the Bangkok conference The Bangkok Conference was a conference held on 22 June, 1942 by Indian Nationalist groups and local Indian Independence leagues at Bangkok to proclaim the formation of the All-India Independence league. is the significant participation of high-profile corporate attendees drawn from Japan, China, Korea, Taiwan, India, Thailand and Malaysia. These include representatives from large companies such as Mott Macdonald The Mott MacDonald Group was formed in 1989 when Mott, Hay and Anderson, renowned for its contribution to transportation engineering, merged with Sir M MacDonald & Partners, distinguished by a long tradition of water-related projects. -- now known as Connell Mott MacDonald -- which is resourced from offices in 25 centers across the United Kingdom, in 25 throughout Australia and New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. and in another 50 countries worldwide; the Taiwan Railway Administration The Taiwan Railway Administration (台灣鐵路管理局, abbreviated 台鐵 or TRA) an agency of the Republic of China Ministry of Transportation and Communications responsible for managing, maintaining, and running passenger and , China Petroleum, Petronas -- Malaysia's largest petroleum company, Larsen & Toubro, one of the largest construction companies in Asia and Mitsubishi Heavy Engineering from Japan. This year's conference will introduce attendees to the theme of virtual engineering collaboration through the convergence of STAAD.Pro 2002 and "eReview," netGuru's CPC (1) (Central Processing Complex) An IBM mainframe that has two or more central processors (CPs) that share memory. It is the collection of processors, memory and I/O subsystems manufactured with a single serial number, typically all contained in one cabinet. (Collaborative Product Commerce) engine for Web-based document review and markup. Commenting on the occasion, Amrit Das, chairman & 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 netGuru, said: "Our recent successes in the Asian markets encourage us to anticipate further strengthening of revenue streams for REI from this region. "FORUM 2002 is an important milestone reinforcing REI's worldwide vision and market leadership which strategically includes our commitment to service important emerging markets within Asia and the Far East. Corporate events such as FORUM 2002 honor and reinforce our relationships with stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. for our compelling proprietary technology and help us prepare for bigger challenges ahead." About netGuru netGuru is an integrated Internet and information technology and services company. The company's services and solutions consist of the following: -- Software products, services and solutions; -- Information technology services and solutions; -- Internet technology services and solutions; -- Internet Telephony services; and -- Digital media products and services. The company has offices in 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. , India, the United Kingdom, France, Germany and Singapore and distributors in 40 countries. The company currently licenses its software products to more than 20,000 businesses, with 50,000 installations and 150,000 users in more than 65 countries. 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 With the exception of historical information, the matters discussed in this news release including, in particular, the company's ability to achieve rapid growth in REI's engineering software business are forward-looking statements that involve a number of risks and uncertainties. The actual future results of the company could differ from those statements. Factors that could cause or contribute to such differences include, but are not limited to, the company's ability to continue revenue growth and technological innovation despite worldwide economic conditions including the Asia region, the company's ability to maintain its market position in the Asian market, changes in governmental regulations and policies, the emergence of competitive products and services, unforeseen technical issues and those factors contained in the "Risk Factors" Section of the company's Form 10-KSB for the fiscal year ended March 31, 2001. |
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