Athens-based Alpha Credit Bank Purchases V Bank Digital Dealerboard System.ELMSFORD, N.Y.--(BUSINESS WIRE)--Dec. 4, 1995--V Band Corp. (NASDAQ/NML: VBAN) announced today that Alpha Credit Bank of Greece This article is about the central bank of Greece. For the largest commercial bank in Greece, see National Bank of Greece. The Bank of Greece (Greek: "Τράπεζα της Ελλάδος") has purchased the company's Broad Band DN digital voice trading technology and approximately 45 Power Deck digital dealerboard workstations. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Christopher Zook, V Band Plc.'s Managing Director, the new communications system In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. , "Is certainly the most advanced voice trading technology in Athens, if not in all of Greece." Alpha Credit Bank maintains the largest dealing floor in the city of Athens and is active in the Forex Forex See: Foreign exchange , Money and Capital markets, as well being a leader in Derivatives Trading in Greece. Spyros Filaretos, a senior Treasury Officer of Senior Treasury Officials of Alpha Credit Bank commented, "Anything that allows Alpha Credit Bank to service its clients better constitutes a competitive advantage for us. And we feel that the flexibility of the digital Power Deck system gives us such an advantage. Our clients will now have faster, more consistent communications access to our financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , and our firm now has the platform technology base to support growth and integrate new technologies as we see fit." For V Band Corp., the sale is significant in that it represents successful penetration of the Greek financial services marketplace with the company's digital Broad Band DN technology. The transaction with Alpha Credit Bank follows other international digital systems sales, including recent sales to Ireland and South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. . V Band is a leading supplier of turnkey See turnkey system. instant access voice communications systems. These systems include sophisticated communications workstations, switching equipment, peripheral products, project management, technical services and WAN solutions. V Band's products and services are used worldwide by financial services organizations for the trading of stocks, bonds and other financial instruments. Other applications include the mission critical communications requirements of the electric power industry and emergency service providers. CONTACT: V Band Corp., Elmsford John Petronzi, Executive Vice President, 914/789-5006 or Christopher Zook, Managing Director, V Band Plc., 71-375-3737 |
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