Centigram Communications to Acquire The Telephone Connection.SAN JOSE, Calif.--(BUSINESS WIRE)--June 22, 1998--Centigram Communications Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CGRM CGRM Computer Graphics Reference Model (ISO) ) announced today it has signed a definitive agreement to acquire substantially all of the assets of The Telephone Connection Inc. (TTC TTC Trying To Conceive TTC Toronto Transit Commission TTC Trans Texas Corridor TTC Toutes Taxes Comprises (French) TTC Trident Technical College (North Charleston, SC) TTC Temporary Traffic Control ), a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. headquartered in Rockville, Md. The total amount of the cash transaction is approximately $12 million, including transaction costs. The acquisition is expected to be completed within the next two weeks. "The Telephone Connection brings an exciting, new set of enhanced services to Centigram cen·ti·gram n. A metric unit of mass equal to one hundredth (10-2) of a gram. centigram one-hundredth of a gram; abbreviated cg. , along with 18 highly-qualified engineering and marketing individuals that will further strengthen our team," said Bob Puette, 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 Centigram. "This acquisition will allow us to offer the service provider market a broader portfolio of competitive, new products in the near future." "TTC is very pleased that its enhanced service products and top-notch technical staff will be combined with Centigram's strengths," said Merrill Solomon, chairman and CEO of The Telephone Connection. "Centigram's worldwide service provider distribution channel, along with their strong management, marketing and sales team will maximize our combined effectiveness for service providers." Centigram Communications Corp. (NASDAQ:CGRM) is a leading global provider of advanced wireless (analog, GSM, PCS, TDMA (Time Division Multiple Access) A satellite and cellular phone technology that interleaves multiple digital signals onto a single high-speed channel. For cellular, TDMA triples the capacity of the original analog method (FDMA). , CDMA (Code Division Multiple Access) A method for transmitting simultaneous signals over a shared portion of the spectrum. The foremost application of CDMA is the digital cellular phone technology from QUALCOMM that operates in the 800 MHz band and 1.9 GHz PCS band. and paging companies) and wireline (PTTs, RBOCs, independent telcos and cable telephony companies) messaging and communications solutions to network operators in the telecom service provider market. Centigram leverages its voice messaging, call processing and multi-media know-how to deliver easily configurable, integrated systems that provide competitive, revenue-generating enhanced services, minimizing the overall cost of ownership. The company delivers these communications solutions by integrating voice and facsimile on its Series 6 communications server based on industry standard hardware and software, and by providing access to this multi-media information through a telephone, PC or other wireless device. Centigram is headquartered at 91 East Tasman Drive, San Jose, Calif., 95134. Phone 408/944-0250, fax 408/428-3732, or Web http://www.centigram.com. Centigram has sales and support offices in North America, Europe, Asia, Latin America, and Australia. The Telephone Connection develops enhanced services for the telecommunications service provider A Telecommunications Service Provider or TSP is a type of Communications Service Provider that has traditionally provided telephone and similar services. This category includes ILECs, CLECs, and mobile wireless companies. marketplace. TTC is headquartered at 1375 Piccard Drive, Rockville, Md., 20850. Phone 301/417-0700. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We refer you to the documents that Centigram files from time to time with the Securities and Exchange Commission, specifically the Company's last file Form 10-K and Form 10-Q. These documents contain and identify important factors that could cause the actual results to differ materially from those contained in the forward-looking statements. Note to Editors: Centigram is a registered trademark of Centigram Communications Corporation.
CONTACT: Centigram Communications
Tom Brunton, 408/428-3582 (Finance)
Beverly Rindfleisch, 408/428-3722 (Communications)
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