Bogen's Digitronic Unified Messaging Platform Adopted by a Leading European E-Mail Service.RAMSEY, N.J.--(BUSINESS WIRE)--April 16, 1999-- Financing Alternatives For Digitronic Under Review Bogen Communications International, 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 : BOGN) ("Bogen") today announced that GMX GMX Global Message Exchange GmbH ("GMX"), a leading provider of free e-mail See Internet e-mail service. services in Germany, has adopted the Thor(TM) platform for unified messaging Having access to e-mail, voice mail and faxes via a common computer application or by telephone. For example, unified messaging may send faxes and digitized voice mail to a mail server that turns them into e-mail attachments. , developed by Bogen's Digitronic Computersysteme GmbH ("Digitronic") subsidiary. GMX has adopted Digitronic's Thor to provide unified messaging services as part of GMX's premium ProfiAccount. Thor enables users to retrieve and manipulate messages, including e-mail, voicemail and faxes using a desktop personal computer or remotely, via laptops or telephones, any time of day, anywhere in the world. Internet users are assigned individual phone numbers to which third parties may send faxes and voicemails. Thor users can then access these faxes and voice messages through their e-mail accounts. The agreement with GMX follows upon the success achieved thus far by Digitronic with AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. in Germany, which began offering its 900,000 German subscribers Thor's fax retrieval on-line service in 1998. America Online, Inc. (NYSE NYSE See: New York Stock Exchange : AOL) is the worldwide leader in on-line services. In addition, Digitronic is currently in discussions with a number of other European ISPs, with one or more final agreements anticipated during the current second quarter. In a related announcement, Jonathan Guss, Bogen's 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. , stated, "Bogen is exploring a number of financing alternatives to fund Digitronic's exciting Internet and Internet-related business expansion opportunities. Although our Company has strong cash flow, minimal long-term debt Long-Term Debt Loans and financial obligations lasting over one year. Notes: For example debts obligations such as bonds and notes which have maturities greater than one year would be considered long-term debt. , and substantial credit facilities, we believe the exploration of additional sources of capital is appropriate and is being pursued in conjunction with and in support of the implementation of Digitronic's business plans." In a joint statement by Guss and Bogen's President, Michael P. Fleischer, the executives said, "Unified messaging represents a landmark opportunity to untangle the confusion most users face with the current abundance of e-mail, faxes, and voicemail. One important part of our plan to exploit this opportunity is establishing proprietary customer bases, including direct end-user sales and revenue-sharing arrangements with marketing partners which have large captive customer populations. Digitronic is well-positioned to leverage its leadership in Germany in unified messaging into a strong market position throughout Europe and in the United States. Bogen intends to exercise this leverage by accelerating the growth of Digitronic's market share in both these markets." Bogen Communications International, Inc., based in Ramsey, New Jersey Ramsey is a borough in Bergen County, New Jersey, United States. As of the United States 2000 Census, the borough population was 14,351. Ramsey was incorporated as a borough by an Act of the New Jersey Legislature on March 10, 1908, from portions of Hohokus Township (now and Munich, Germany, develops, manufactures, and markets telecommunications peripherals and sound processing equipment. Bogen's products are sold to commercial, industrial, professional and institutional customers worldwide. Except for historical information contained herein, the statements made in this release constitute forward-looking statements that involve certain risks and uncertainties. Certain factors may cause actual results to differ materially from those contained in the forward looking statements, including general market conditions, new technological developments, competition, potential acquisitions and divestitures, and other risks detailed from time to time in Bogen's reports on file at the Securities and Exchange Commission, including Bogen's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended December 31, 1998. |
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