Computer Outsourcing Services, Inc. Announces Internet Hosting Services.LEONIA, N.J.--(BUSINESS WIRE)--June 3, 1999-- Computer Outsourcing Services, Inc. (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 National Market: COSI COSI Center Of Science and Industry (Columbus, OH, USA) COSI Creative Outsourcing Solutions International (UK) COSI Cost of Savings Index COSI Closeout System Installation (NASA) ), a provider of mission-critical information technology services to corporate enterprises, announced today it is expanding its data center outsourcing business by retooling 20,000 square feet of its central data center for colocation and Internet hosting services. "Demand for premium colocation and hosting space has outpaced supply and COSI is strategically positioned to address the need for these services," Robert Wallach, president, commented. "COSI can offer an Internet Service Provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. (ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. ) or other communications providers immediate access to its world-class data center to co-locate equipment or host media and e-commerce applications in a value-added business model. Doing so spares them the expense and distractions of building and managing their own facilities and hiring scarce resources, and frees them to focus capital on running their business and shortening their time to 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" ," Wallach said. He added, "Our experience in running mission-critical applications and data warehousing See data warehouse. data warehousing - data warehouse in the mainframe and mid-range environments assures our customers of the core expertise needed to manage these new electronic media." Core service features include physical security systems, climate controlled environment, UPS power backup and diesel generator, fire suppressant systems, dual central office and diverse Internet connections, 24X7 network and systems monitoring, customer work areas and help desk. The company anticipates that each contract will be tailored to customer specifications based on service level requirements. This first site will serve as a prototype which the company intends to replicate on a national basis. Computer Outsourcing Services, Inc. provides information processing and other information technology services to companies, institutions, and government agencies throughout the United States. The company is headquartered in Leonia, New Jersey Leonia is a borough in Bergen County, New Jersey, United States. As of the United States 2000 Census, the borough population was 8,914. It is located near the western approach to the George Washington Bridge. . Forward-looking statements in this release that are not historical or current facts are "forward-looking statements" made pursuant to the 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. provisions of 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. Investors are cautioned that actual results may differ substantially from such forward-looking statements. Forward-looking statements may be subject to certain risks and uncertainties, including, but not limited to, incomplete or preliminary information; changes in government regulations and policies; continued acceptance of the Company's products and services in the marketplace; competitive factors; technological changes; the Company's dependence upon third-party suppliers; intellectual property rights; and other risks detailed from time to time in the Company's periodic report filings with the Securities and Exchange Commission. Accordingly, the actual results of the Company could differ materially from such forward-looking statements. |
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