Cellular Technical Services Signs Phone Card Agreement with Verizon for California Distribution.Business Editors, High-Tech Writers SEATTLE--(BUSINESS WIRE)--May 15, 2001 Cellular Technical Services Company, Inc, ("CTS (1) (Clear To Send) The RS-232 signal sent from the receiving station to the transmitting station that indicates it is ready to accept data. Contrast with RTS. (2) (Common Type System) The data typing used in . ") today announced that it has signed an agreement with Verizon Select Services, Inc. ("Verizon") to distribute Verizon long-distance, prepaid phone cards. The agreement gives CTS' ISIS Tele-communications, Inc. ("ISIS") subsidiary exclusive rights to distribute the Verizon California Verizon California, Inc. is an entirely separate company from Verizon West Coast, Inc., a GTE operating company in Northwest California. See GTE Northwest. Verizon California, Inc. is a Verizon operating company providing telephone service in former GTE regions. prepaid phone card throughout California. The Verizon prepaid calling cards are intended for domestic and international calling providing both high quality service and competitive rates to end users. ISIS will distribute the products through its California offices and dealer network, and is pleased to add the Verizon brand to its growing range of quality, prepaid products. This announcement is in line with CTS' previously stated strategy to offer reliable products to the growing, prepaid long-distance phone card marketplace. CTS is a leading provider of real-time information management systems for the wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. industry, and trades under the Nasdaq NM Symbol: CTSC CTSC Cathepsin CTSC Clinical and Translational Science Center (University of California at Davis) CTSC Chenega Technology Services Corporation CTSC Canadian Technical Security Conference (Burlington, ON, Canada) . Verizon Select Services is a subsidiary of Verizon Communications
Verizon Communications, Inc. , one of the world's leading providers of communications services. Special Note Regarding Forward-Looking Statements: This press release may contain forward-looking statements within the meaning of 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 that involve risks and uncertainties that could cause actual results for CTS or its affiliates to differ materially from those expressed or implied in the applicable statements. These risks and uncertainties include but are not limited to: dependence on analog cellular networks for certain products and services; vulnerability to rapid industry change and technological obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. ; limited customer base and reliance on a relatively small number of customers and customer contracts; dependence on a limited number of existing products and services; uncertainty of continued demand for and market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" of its existing products and services under existing and future contracts; uncertainty in its ability to timely develop, introduce and gain acceptance of new products and services; uncertainty of the demand for and market penetration of new produces and services; the possible impact of competitive products and pricing; the risk that its current and future products may contain errors or be affected by technical problems that would be difficult and costly to detect and correct; manufacturing difficulties, including reliance on a limited number of outside vendors for key components and processes; potential difficulties in managing changing business conditions; dependence on key personnel; the availability of financing; and other risks described in CTS' filings with the securities and Exchange Commission. |
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