Boundless Corporation Responds to Recent Stock Price Decline.Business & Technology Editors HAUPPAUGE, N.Y.--(BUSINESS WIRE)--Dec. 8, 2000 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. ) believes that there is no fundamental or internal operating reason for the recent decline in its stock price. J. Gerald Combs, Chairman and Chief Executive Officer of Boundless Corporation stated, "The entire stock market has come under enormous pressure lately which has resulted in sharply declining stock prices and numerous high profile margin calls. Our shareholders need to be assured that Boundless remains on a strong path to growth and eventually renewed profitability." Mr. Combs continued: "The recent $5 million equity investment in our Merinta subsidiary by National Semiconductor Corporation (NYSE NYSE See: New York Stock Exchange :NSM (Network and System Management) Running and controlling the networks and computer systems in an enterprise. See network management. ) should bolster shareholder confidence that Boundless continues to develop and support cutting edge technologies that will return value to the Company. Boundless Manufacturing Services is continuing to progress nicely as well. The explosive growth in the contract manufacturing sector underscores the reasons why we are pursuing this market place so aggressively." Finally he concluded: "Our core text terminal revenue, although in decline the past few years should continue to provide us with the resources which will fund our high growth subsidiary business now and for many years to come." ABOUT BOUNDLESS CORPORATION Boundless Corporation, composed of three subsidiaries, is a global technology company focused on developing, manufacturing and distributing hardware, software and services that make accessing information on the Internet and centralized servers easy, fast and cost-effective. Merinta, Inc. (www.merinta.com), which is headquartered in Austin, TX, is a premier provider of enabling software and technologies for Internet Appliances (IA). The iBrow(TM) Solution of software and services is positioned to offer end-users an easy, enjoyable and visually rich Internet browsing experience while providing companies with a revolutionary way to market and grow online business. The iBrow Solution is hardware and O/S independent and is the most flexible IA platform on the market. The iBrow Solution also features remote management software that allows for the end-user interface and content to be upgraded as needed as needed prn. See prn order. . Boundless Technologies, Inc. (www.boundless.com/bti) is the largest U.S. based manufacturer of text, Windows-based(R) Terminals and thin-client products. Boundless has helped revolutionize the computing industry by providing businesses worldwide a vast array of information access and display products, including the Capio, ADDS, VT and Dorio product lines. Boundless products offer appliance-like ease-of-use and access to Microsoft(R) Windows NT(R) applications as well as older "legacy" applications operating on mainframes, mid-range, and Unix systems. Key customers include Lucent Technologies, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , NCR (NCR Corporation, Dayton, OH, www.ncr.com) A technology company specializing in financial terminal transactions, retail systems and data warehousing. Until the late 1990s, NCR was heavily invested in the hardware side of the industry, known worldwide as a major manufacturer of computers , Compaq Computer and Hewlett-Packard, as well as extensive distribution and VAR partners. The company is based in Hauppauge, New York Hauppauge (pronounced /hɔpɔg/) is a hamlet in the Town of Islip and the Town of Smithtown in Suffolk County, New York, United States. , with European offices in the Netherlands and sales, support and distribution centers throughout the world. Boundless Manufacturing Services, Inc. (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. Headquartered in Hauppauge, New York, Boundless offers in-house engineering expertise and an extensive design library to significantly decrease time-to-market for 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. Core competencies include state-of-the-art ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9002 manufacturing facilities 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 and Florida, build-to-order, same day shipping and customer specific customizations. For more information, visit the Boundless web site at http://www.boundless.com, or call 1/800-231-5445. Editors: All company/product names and service marks may be trademarks or registered trademarks of their respective companies. Except of the historical information herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary significantly based on a number of factors, including, but not limited to, risks in product and technology development, market acceptance of new products and continuing product demand, the impact of competitive products and pricing, changing economic conditions and other risk factors detailed in the Company's most recent annual report and other filings with the Securities and Exchange Commission. |
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