Bogen Communications International subsidiary enters UK distribution agreement with Siemens GEC.RAMSEY, NJ--(BUSINESS WIRE)--April 21, 1997-- Second largest UK source of PABX (Private Automatic Branch eXchange) Same as PBX. PABX - Private Automatic Branch eXchange equipment to distribute Speech Design PABX peripheral products Bogen Communications International Inc. (AMEX AMEX See: American Stock Exchange : BGN BGN In currencies, this is the abbreviation for the Bulgarian Lev. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) ("Bogen") today reported that its European subsidiary Speech Design GmbH entered into an agreement with Siemens GEC GEC Gaseous Electronics Conference GEC Gigabit EtherChannel GEC Geriatric Education Center (US government; HRSA) GEC General Electric Co. GEC Google Earth Community (online community) Communications Systems Ltd. ("Siemens GEC") for distribution of its PABX peripheral product lines in the UK. Siemens GEC, the second largest source of PABX equipment in the UK, will distribute Speech Design's Memo Product line of voicemail and auto attendant The part of an interactive voice response (IVR) system that replaces the human operator and directs callers to the appropriate extensions or voice mailboxes. See IVR. systems through both its direct sales force and its dealer network. Furthermore, the systems will be marketed both as "bundled" with, or as an option of, Siemens' PABX systems and as stand-alone products. K. Arciszewski, co-managing director of Speech Design commented, "We are excited about our UK distribution agreement with Siemens GEC and see it as a major development in duplicating our successes in Germany, Switzerland and Austria, in the UK and across Europe." Bogen further announced that it had restructured its USA subsidiary, Bogen Communications Inc. into three separate Business Units ("BU"); Commercial Sound BU, Telcom BU, and Engineered Systems BU; each assuming responsibility for its own profits and losses. Zvi Peled, chief executive officer of Bogen said, "The new structure will allow for our business unit managers to focus their efforts on their individual business units." He added, "We believe this structure will help us to increase revenues and earnings." Bogen Communications International Inc., based in Ramsey, and in 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. This press release contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. Such risks and uncertainties are described in the company's filings with the SEC, including its Registration Statement on Form SB-2. CONTACT: Bogen Communications International Inc. Yoav M. Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. Chief Financial Officer 201/934-8500 or KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association Joseph A. Mansi/Paul M. Holm holm n. Chiefly British An island in a river. [Middle English, from Old Norse h 212/682-6300 ext. 205/201 |
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