ChatCom Awarded Canadian Government Contract; ChatCom Awarded Sole Source Canadian Government Contract.CHATSWORTH, Calif--(BUSINESS WIRE)--Nov. 14, 1997--ChatCom Inc. (Nasdaq:CHAT), the leading manufacturer of highly managed rack mounted Built into a cabinet that has a standard width of 19" or 24". All types of electronics and computing devices come in rack-mounted packages, including servers, test instruments, telecommunications components, tape drives and audio and video equipment. consolidated server A multiprocessor computer system consisting of several rack-mounted or modularized CPU boards that use fault tolerant components and share disk storage. SMP versions share a common memory pool. products Friday announced that they have been awarded a sole source contract to provide their RAINS (Redundant Array of Independent Network Servers) hardware to the Canadian government in support of ongoing network infrastructure re-engineering projects. The Canadian government will use ChatCom hardware to minimize its risk of network downtime in critical data delivery environments. The ChatCom RAINS platform was chosen primarily because of its redundancy and high performance. The ChatCom hardware also allows the government to scale (grow) the system seamlessly as data and the number of network clients increase. The contract, and IDIQ IDIQ Indefinite Delivery, Indefinite Quantity (contracting/procurement) (indefinite duration/indefinite quantity), is valued at approximately $2.5 million over the next eight to 12 months. ChatCom expects to ship the first portion of RAINS hardware, valued at $424,994 (USDLR), to Canada within the next two weeks, for installation by the government on Dec. 1, 1997. James Mariner, president and chief executive officer for ChatCom, said of the award: "We are regularly beginning to see concrete indications, in the form of orders and newly emerging business opportunities that show us we are on the right track with our RAINS concept. "Businesses and government entities who value the availability of their data must do whatever they can to insulate in·su·late tr.v. in·su·lat·ed, in·su·lat·ing, in·su·lates 1. To cause to be in a detached or isolated position. See Synonyms at isolate. 2. themselves from the risk of downtime and to position their networks to support continued growth elegantly. Our platform meets both of those criteria." ChatCom further announced that the company, because of the significant government and other business potential, has signed a lease on new office space in Toronto and expects to grow both its sales and services staff levels there over the coming months. Founded in 1982, ChatCom is a leading supplier of award-winning managed, consolidated application and communication server systems to Fortune 1000 companies worldwide. Located in Chatsworth, ChatCom is publicly held and traded on Nasdaq under the symbol CHAT. ChatCom can be reached at 800/456-1333 or on the Web at http://www.jlchat.com -0- Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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. Except for the historical information contained herein, the matters discussed in the news release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , which involve risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting the revenues, operations, markets, products, prices, and other factors discussed in the company's various filings with the Securities and Exchange Commission. CONTACT: ChatCom Inc., Chatsworth Gary Dunham Gary Dunham (born March 251951) is an American Contemporary Christian recording artist. He has played professionally since the late 1960s. In addition to his two solo albums, he has written songs for many other artists including Kathy Troccoli, Sandi Patty, and the Gaither Vocal , 800/456-1333 gdunham@jlchatcom.com |
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