Boundless Announces Agreement to Manufacture Optical Cable Assemblies for DataWorld.Business Editors HAUPPAUGE, N.Y.--(BUSINESS WIRE)--Sept. 6, 2001 Boundless expands service offering to include cable assembly by acquiring DataWorld's manufacturing assets Boundless Manufacturing Services, Inc. (Boundless), a subsidiary of Boundless Corporation (AMEX AMEX See: American Stock Exchange :BND BND In currencies, this is the abbreviation for the Brunei Dollar. 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. ) announced today that it has signed definitive agreements with DataWorld Solutions Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DWLD.BB) (Frankfurt - VRX VRX Virtual Resources Executive VRX Voice Receive Mode ). These agreements provide for the outsourcing of all optical and copper cable assembly to Boundless. In addition, the two companies announced their intent to sign a Joint Marketing Agreement that provides for collaboration in an effort to bring an expanded set of design, integration and supply-chain solutions to both DataWorld and Boundless' customers. As part of the agreements, Boundless will acquire inventory and capital equipment to be used in support of manufacturing cable assemblies for DataWorld and other customers. To maintain proximity to the outsourced manufacturing and to collaborate closely with Boundless on design, technology and services, DataWorld will move its corporate headquarters into Boundless' 155,000 sq. Ft. Technology Park located in Hauppauge, NY. "Boundless is excited about our new relationship with DataWorld," said Joe Joy, president and COO, Boundless Corporation. "DataWorld has excellent presence with many customers requiring customized cable solutions. They will be able to leverage our manufacturing infrastructure allowing them to increase their focus on business development. Boundless, in turn, acquires a great deal of optical assembly know-how and will be able to offer these services to our 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 customers. This synergy should expand both companies' reach and revenue opportunity." "We are delighted with this agreement and see many new and exciting opportunities for DataWorld," said Daniel McPhee, 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 DataWorld Solutions. "We estimate that this agreement with Boundless further reduces expenses by another $1.75 million while improving our ability to deliver quality products, in a timely manner, through the Boundless proven manufacturing infrastructure. This relationship will allow DataWorld to focus on expanding our understanding of our customer needs and delivering the highest levels of customer service. This is the final step in our re-positioning of DataWorld that will allow us the freedom to rapidly penetrate new markets. Aside from the savings, the Joint Marketing Agreement we intend to sign with Boundless and leveraging the Boundless operation will enhance our ability to deliver expanded service to our customers." About Boundless Corporation Boundless Corporation is a global technology company composed of two subsidiaries: the Boundless Technologies, Inc., a desk top display products company, and Boundless Manufacturing Services, Inc. Boundless Manufacturing Services (www.boundless.com/manufacturing) is an emerging EMS company providing build-to-order (BTO BTO British Trust for Ornithology BTO Business Technology Optimization BTO Bachman Turner Overdrive (band) BTO Business Transformation Outsourcing BTO Build-Transfer-Operate BTO Brutto (German: Gross [quantity]) ) manufacturing as well as complete end-to-end solutions from design through product end-of-life to its customers. About DataWorld Solutions, Inc. DataWorld Solutions, Inc., is a multi-regional, designer and manufacturer of fiber optic and copper cable assemblies. The Company is also a provider of Professional Information Technology Services and Solutions, which includes systems integration, project management, and consulting services. This includes interconnecting standard or proprietary electronic devices and peripheral components from different vendors to provide solutions for various customer requirements. The Company adds additional value by providing services to compliment the solutions they propose such as racking, stacking and staging of electronic devices used in a variety of industry sectors. DataWorld currently has two assembly plants in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of on Long Island and one in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. , with over 86 employees. The contact for DataWorld is Investor Relations Investor relations The process by which the corporation communicates with its investors. 888-369-9976. Except for the historical statements contained herein, all statements made in this release are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, and are subject to risks, uncertainties, and other factors that could cause actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Such factors include, among others, the impact of competition and changes to the competitive environment for the Company's products and services, changes in technology, reliance on strategic partners, uncertainty of litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , changes in government regulation and other factors detailed, from time to time, in the Company's filings with the Securities and Exchange Commission. |
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