Centillion Data Systems Announces Licensing of SmartBill Software to Major Telecommunication Providers.Business Editors/Hi-Tech Writers INDIANAPOLIS--(BUSINESS WIRE)--March 7, 2000 Centillion cen·til·lion n. 1. The cardinal number equal to 10303. 2. Chiefly British The cardinal number equal to 10600. Data Systems, Inc. (CDS) announced today that it has reached agreements with major telephone service providers that will significantly increase the licensure of its proprietary SmartBill(R) telephone billing analysis software. The licenses were granted for an undisclosed amount. The announcement signals nearly industrywide acceptance of Centillion's leadership in developing Electronic Billing Electronic billing is the electronic delivery and presentation of financial statements, bills, invoices, and related information sent by a company to its customers. Electronic billing is also referred to as the following:
John M. Cauffman, 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 Centillion Data Systems, Inc., said the company is pleased with this development. "Centillion Data Systems is interested in sharing the benefits of our patented technology with the telecom industry. These agreements represent a growing 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 SmartBill software within the seven original RBOCs (Regional Bell Operating Companies) and with other providers around the country." The new companies licensing SmartBill technology are: -- SBC (1) (SBC Communications Inc., San Antonio, TX, www.sbc.com) A large, national telecommunications company that grew from a multitude of local and regional companies, including Southwestern Bell, Pacific Bell and Nevada Bell, into a single, unified brand by 2002. Communications, Inc. and its subsidiaries, including Ameritech Corporation, Pacific Bell, Inc. and Southwestern Bell
Southwestern Bell Telephone, L.P. Telecommunications, Inc. Centillion Data Systems introduced SmartBill in 1988 and was awarded patents for its methodology in 1994. Known for its ease of use, depth and breadth of reporting options as well as top performance, SmartBill is already licensed by companies that represent approximately 60 percent of the long-distance market. Centillion estimates that over 2 billion call transactions each month are analyzed using this patented technology. "Clearly," Cauffman said, "the value of this analysis tool is recognized by the market." William M. Miller William M. Miller was an American author and missionary who served in Iran. He served for The American Board of Foreign Missions of the Presbyterian Church from 1919 to 1962. , Senior Vice President of CDS and General Manager of its Communications Division, said, "With SmartBill, we provide our clients and their customers a distinct advantage in the way they are able to view and analyze their billing records." Long distance carriers, wireless carriers and local exchange companies use the SmartBill system to help attract and keep customers by turning the customer's billing information into a strategic business asset. Centillion Data Systems (CDS), Inc. is a growth-oriented international software development company headquartered in Indianapolis, Indiana. On February 4, 2000, CTI (Computer Telephone Integration) Combining data with voice systems in order to enhance telephone services. For example, automatic number identification (ANI) allows a caller's records to be retrieved from the database while the call is routed to the appropriate party. Group (Holdings) Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CTIG CTIG Counter Terrorism Intelligence Group CTIG Combat Targeting and Intelligence Group (Langley, AFB,VA Air Combat Command) ) of Valley Forge, PA announced the signing of a definitive merger agreement with CDS. In accordance with this definitive merger agreement some of the proceeds from this licensing agreement will be available to CTIG following the closing of the merger. This will result in additional shares being issued to the Centillion shareholders under the established and agreed formula contained therein. The two organizations will join forces in providing convergent billing as well as billing analysis solutions to the telecommunications industry. The merger of these two strong organizations will bring together a unique group of individuals and two complementary core competencies providing the foundation for renewed growth. Commenting on future prospects Mr. Tony Johns, CTIG's Chairman and CEO stated "Besides additional opportunities that exist for us in North America, our plans are already underway to exploit fully the European market potential for SmartBill technology from our established presence in the UK." This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to documents filed by CTIG with the U.S. Securities and Exchange Commission. |
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