Clariti Telecommunications Changes Fiscal Year End From July 31 to June 30.PHILADELPHIA--(BUSINESS WIRE)--Sept. 16, 1998--Clariti Telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. International, Ltd. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CLRI CLRI Central Leather Research Institute (India) ) will release its 10-K annual report by the end of September 1998. This release date, which is one month earlier than last year's 10-K, coincides with the company's decision to change its fiscal year end date from July 31 to June 30. This decision was disclosed in an 8-K filing on Aug. 7, 1998. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Peter S. Pelullo, chairman/CEO of Clariti, "We decided to change our fiscal calendar so that our quarterly reports will become aligned with the rest of the telecommunications industry. By making this change in 1998, it will allow our 1999 10-K report, which will be an important year for the company, to reflect a full 12 months of operations." The 10-K report that will be released later this month will include the results of operations from Aug. 1, 1997 through June 30, 1998. During this 11-month period, the company added key personnel in the areas of engineering, marketing, and management, and they successfully demonstrated their digital voice paging Beta system. Copies of all of Clariti's SEC filings are available through the EDGAR Edgar or Eadgar (both: ĕd`gər), 943?–975, king of the English (959–75), son of Edmund, king of Wessex. In 957 the Mercians and Northumbrians rebelled against Edgar's brother Edwy and chose Edgar as their king. database at www.sec.gov. Separately, the company announced that negotiations with the Batista Group regarding a Brazilian joint venture have been discontinued dis·con·tin·ue v. dis·con·tin·ued, dis·con·tin·u·ing, dis·con·tin·ues v.tr. 1. To stop doing or providing (something); end or abandon: . As a result, the Batista Group and Clariti have reached an understanding enabling Clariti to pursue discussions with other potential joint venture partners for the territory of Brazil. Pelullo said, "We understand the current issues facing the Batista Group, and appreciate their continued efforts to assist Clariti in establishing a successful telecommunications business in Brazil." Clariti is involved in other discussions, with the intent of negotiating a relationship with a partner that has strong telecommunications and/or distribution experience. About Clariti Telecommunications Clariti Telecommunications International is currently developing the ClariCAST(TM) Digital Voice Paging System, the world's first low-cost high-speed digital voice paging system. The ClariCAST(TM) system combines a full-featured voicemail system with wireless voice pagers. This patent-pending communications technology Noun 1. communications technology - the activity of designing and constructing and maintaining communication systems engineering, technology - the practical application of science to commerce or industry uses FM subcarrier A secondary telecommunications channel that resides within the main channel (a carrier within a carrier). A type of multiplexing, the subcarrier is a modulated carrier signal at a lower frequency that is combined with the main carrier signal running at a higher frequency. frequencies, so it can be installed in any city where FM radio towers exist. The company, which is located in Philadelphia, plans to market its voice paging service worldwide. More information on Clariti Telecommunications and the ClariCAST(TM) Digital Voice Paging System can be found on the World Wide Web at http://www.clariti.com. Note: ClariCAST is a trademark of Clariti Telecommunications International. |
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