Clariti and Albacom Sign Definitive Agreement to Offer Clariti's Voca Player in Italy.Business Editors MILAN Milan, prince and king of Serbia Milan (Milan Obrenović) (mĭl`än ōbrĕ`nəvĭch), 1854–1901, prince (1868–82) and king (1882–89) of Serbia; grandnephew of Miloš Obrenović. , Italy--(BUSINESS WIRE)--Oct. 17, 2000 Agreement calls for revenue sharing revenue sharing Funding arrangement in which one government unit grants a portion of its tax income to another government unit. For example, provinces or states may share revenue with local governments, or national governments may share revenue with provinces or states. of service revenues Albacom SpA, the Italian telecommunications provider for businesses, and Clariti Telecommunications International, Ltd. (Nasdaq: CLRI CLRI Central Leather Research Institute (India) ), a wireless and IP-based telecommunications company See telecom company. , today announced a definitive marketing and distribution agreement whereby Albacom will distribute Voca(TM) Players from Clariti over three years. Albacom plans to use Clariti's ClariCAST(TM) System and Voca(TM) Player as a wireless extension of Albacom's integrated messaging service in Italy. The agreement gives Albacom exclusive rights to use ClariCAST(TM) technology in Italy provided agreed upon Adj. 1. agreed upon - constituted or contracted by stipulation or agreement; "stipulatory obligations" stipulatory noncontroversial, uncontroversial - not likely to arouse controversy sales objectives are met, and Albacom and Clariti will share service revenues as well. "Following the successful demonstration of Clariti's technology in Milan, we felt strongly that we had found the right technology to send unified messages on Clariti's platform," commented Michele Preda, Albacom's Chief Executive Officer (Amministratore Delegato). "This agreement shows our interest in offering our customers innovative products and services that improve their productivity. ClariCAST(TM) and the Voca(TM) will be a key part of our strategy." Peter S. Pelullo, Clariti's Chairman said, "We are excited about our partnership with Albacom and the prospect of bringing ClariCAST(TM) and the Voca(TM) Player to Italy. This agreement validates our belief that there are many attractive opportunities for Clariti in international markets. The versatility of ClariCAST(TM) allows us to deploy in almost any market where FM radio stations exist, and offer products and services that are attractive to both consumers and businesses. We look forward to building a productive partnership with Albacom." About Albacom (http://www.albacom.it) Albacom is the first Italian telecommunications company to provide service to the business market. The company is jointly owned by Mediaset SpA, energy group ENI SpA (NYSE NYSE See: New York Stock Exchange : E - news), British Telecommunications (NYSE: BTY BTY Battery BTY Betty BTY Back To You BTY Better Than You BTY Blessings to You - news) and Banca Nazionale del Lavoro Banca Nazionale del Lavoro SpA is an Italian banking firm. Founded in 1913 as Istituto di Credito per la Cooperazione, it was nationalized in 1929. It was re-privatized and listed on the Milan Stock Exchange in 1998, before being acquired by French banking group BNP Paribas . Currently, Albacom has more than 30,000 business customers with more than 900 employees and revenues of about 700 billion lira LIRA. The name of a foreign coin. In all computations at the custom house, the lira of Sardinia shall be estimated at eighteen cents and six mills. Act of March 22, 1846. The lira of the Lombardo-Venetian Kingdom, and the lira of Tuscany, at sixteen cents. Act of March 22, 1846. (March 31, 2000). In Italy it has branches in the main business cities: Milan, Rome, Torino, Bologna, Padova, Florence, Napoli, Catania, and Palermo. About Clariti (www.clariti.com) Clariti Telecommunications International, Ltd. is an international telecommunications company headquartered in Philadelphia, PA. Clariti is developing the ClariCAST(TM) System, a patented digital wireless system that sends data wirelessly using the 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. channels of existing FM radio stations. Clariti's first application using the ClariCAST(TM) System will be Clariti Wireless Voicemail. This service uses a small device called the Voca(TM) Wireless Voicemail Player to wirelessly receive voicemail messages. This sets the Voca(TM) Player apart from cellular phones, pagers, answering machines, and traditional voicemail systems that require the user to spend time and money calling in to retrieve their voicemail messages. Clariti's IP Telecom business utilizes its state-of-the-art Cisco-based network to deliver low-cost, high quality domestic and international voice communications, DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary Internet access, and web hosting. Special Note Regarding Forward-Looking Statements: This press release contains certain forward-looking statements that involve risks and uncertainties, including statements about Clariti's growth prospects, deploying its wireless products in Italy, the terms of its agreement with Albacom, and the development and sales of new products and services in international markets. Factors that could cause or contribute to such risks and uncertainties include, but are not limited to, general economic and business conditions, changes in telecommunications regulations, changes in consumer demand for certain telecommunications products and services, successful development of Clariti wireless products, its ability to deliver its wireless products and services on a cost- effective basis, acceptance of Clariti's wireless technology and various other factors beyond the control of the company. This includes such factors as described from time to time in the SEC reports filed by Clariti Telecommunications International, Ltd., including the most recently filed Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . Note to Editors: Clariti, Voca, and ClariCAST are trademarks of Clariti Telecommunications International, Ltd. |
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