Comdial signs Telbit Telecommunications as distributor for Israel; Israeli telecommunications equipment market expected to grow rapidly.CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--July 30, 1996--Comdial 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 NM:CMDL CMDL Climate Monitoring and Diagnostics Laboratory CMDL Common Mission Data Loader ) Tuesday announced that it has signed a multiyear, multimillion dollar distributor agreement with Telbit Telecommunications Ltd. of Kochav Yair, Israel, appointing Telbit a distributor for Comdial products throughout Israel Telbit is expected to market a variety of Comdial computer telephony integration Computer Telephony Integration - Computer Telephone Integration (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. ) and voice processing The computerized handling of voice, which includes voice store and forward, voice response, voice recognition and text to speech technologies. products. Initial focus will be on selling, installing and supporting Comdial DXP DXP Design Explorer DXP Directory Exchange Protocol DXP Digital Extended Processor DXP Dynamic Xml Page and DXP Plus digital telephone systems with Impact terminals. Under terms of the agreement, Telbit has agreed to purchase DXP systems valued at about $1.75 million (U.S.) during the first 12 months after product approval in Israel. In July, appropriate government agencies and regulatory authorities approved both the DXP and DXP Plus for marketing. Based on these approvals, Telbit has placed an initial order valued in excess of $500,000 (U.S.). According to Comdial President and Chief Executive Officer William G. Mustain, recent decisions to liberalize lib·er·al·ize v. lib·er·al·ized, lib·er·al·iz·ing, lib·er·al·iz·es v.tr. To make liberal or more liberal: "Our standards of private conduct have been greatly liberalized . . . the Israeli telecommunications market now make it possible for other companies to market and maintain new telephone systems in addition to the local manufactured products marketed by the national telecommunications monopoly. "The Israeli telecommunications equipment market is expected to grow rapidly now that greater product and system choices are available," Mustain said. "We are pleased to be working with Telbit, a company which has the telecommunications experience and the distribution, maintenance and support resources needed to penetrate the market in Israel." Established in 1993 to capitalize on anticipated growth in the post-deregulation market, Telbit is a private company majority owned by Euroco Communication LTD. Eurocom is a large holding company with subsidiaries specializing in the distribution, maintenance and operation of communications products and services within the Israeli market. Comdial is a leading designer, manufacturer and supplier of a broad range of advanced telecommunications products and system solutions based on computer telephony integration. CONTACT: Comdial Corp., Charlottesville Dick Bucci, 804/978-2200 or Allen & Caron Inc/South Coast Communications Marty Tullio (investors) or Owen Daley (media) 714/252-8440 |
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