Celerity Systems to Provide Systems and Services to Total Vision for Condominiums.Business Editors/Technology Writers KNOXVILLE, Tenn.--(BUSINESS WIRE)--Oct. 1, 2001 Celerity Systems, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: CLRT CLRT Continuous Lateral Rotation Therapy CLRT Command Logistics Review Team CLRT Cranial Laser Release Technique ) announced today that it has been selected by Total Vision of the Gulf States, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , located in Gulf Shores, Alabama Gulf Shores is a coastal city in Baldwin County, Alabama, United States. As of the 2000 census, the population was 5,044. However, since the year 2000, Baldwin County, Alabama as a whole, has experienced the fastest rate of population growth in the state, second only to Shelby , to provide video servers, digital set top boxes, and other services as part of their deployments in condominiums and other properties on the Gulf Coast. The first order, received Friday, is for two CTL See control key. 1. CTL - Checkout Test language. 2. CTL - Compiler Target Language. 3. CTL - Computational Tree Logic 9500 Digital Video Servers and 350 T 6000 Digital Set Top Boxes, as well as content and certain other services. The order will ship and the revenue will be recognized in October. "We are very pleased to have this initial order from Total Vision for placement in the condominium market space," said Ken Van Meter, President and 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 Celerity. "We have always felt that multi housing and hospitality are two good markets for our products, and condominiums, especially in a popular and beautiful area like the Gulf Coast, have some aspects of both." Celerity Systems is a provider of advanced digital set top boxes and video servers for interactive television and high-speed Internet. Target markets include multihousing, schools, energy companies, hospitality, hospitals and assisted living, telcos, and corporate applications. Celerity can also provide end-to-end systems through strategic relationships with leading technology companies. Celerity also provides content for entertainment and education applications. Safe Harbor Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission. |
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