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Computone Engages Auditors Deloitte & Touche; Big Five Accounting Firm Teams with IT Connectivity Pioneer and Leader.


Business/High-Tech Editors

ATLANTA--(BUSINESS WIRE)--April 19, 2000

Computone Corporation (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
: CMPT CMPT Computer Science (course)
CMPT Compartment
CMPT Compute
CMPT Centre for Marine and Petroleum Technology (UK)
CMPT Certified Manual Physical Therapist
), a pioneer and leader in connectivity products and remote access communications for the Internet, WinTel and Linux(R)/Unix(R) marketplaces, said today that it has engaged Deloitte & Touche as its accounting firm.

"Computone has made significant and continual progress over the past 18 months," said Perry Pickerign, its president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "As we position the company for further growth and leadership within the IT industry, we are pleased that Deloitte & Touche, a world-class, big five firm, will assist management in strategic planning and control as we rapidly expand through internal growth and additional acquisitions." Pickerign said Deloitte worked work on the acquisition audit involving Multi-User Solutions (see "Computone Signs Agreement to Acquire Multi-User Solutions, Leading Linux/Unix Service and Support Company," Business Wire, April 17, 2000), and will audit Computone's financial statements for fiscal year 2000, which ended March 31, 2000.

"Computone has achieved dramatic improvements in gross margins and considerable reductions in SGA SGA
abbr.
small for gestational age


Small-for-gestational-age (SGA)
A term used to describe newborns who are below the 10th percentile in height or weight for their estimated gestational age.
, both resulting in significant improvements to the bottom line," said Pickerign. "The retention of Deloitte & Touche, is another major step forward for Computone, our employees, and our shareholders."

Pickerign said that Computone's progress has been spurred by growing its line of leading-edge products, accelerated use of Linux -- with drivers for Computone products incorporated in the Linux kernel source code base, a new international distribution agreement with Ingram Micro, and introduction of Computone's RAS (1) See network access server.

(2) (Remote Access Service) A Windows NT/2000 Server feature that allows remote users access to the network from their Windows laptops or desktops via modem. See RRAS and network access server.
(R) 2000 "Out of Band" Console Management Solution, which provides secure data transmission via the Internet and for e-commerce, and which is now being adopted by top technology firms.

"We are excited about working with Ingram Micro (see "Computone Signs International Distribution Agreement with Ingram Micro," Business Wire, February 17, 2000)," said Pickerign, "as we gain access to their network of more than 140,000 resellers worldwide." In addition, he said Computone is at the forefront in performance and efficiency with an expanded product line featuring new IntelliServer(tm) intelligent servers, including the RAS 2000 family of remote access servers, and the Gold Card RS-232 serial PCI (1) (Payment Card Industry) See PCI DSS.

(2) (Peripheral Component Interconnect) The most widely used I/O bus (peripheral bus).
 controllers, with Linux device drivers.

"With high-profile customers such as Microsoft(R), Dell(R), CNN CNN
 or Cable News Network

Subsidiary company of Turner Broadcasting Systems. It was created by Ted Turner in 1980 to present 24-hour live news broadcasts, using satellites to transmit reports from news bureaus around the world.
(R), Nortel(R) and Ameritrade(R) validating Computone's technology by purchasing it for their own operations," added Pickerign, "we are very pleased and proud of our products and position in the marketplace."

About Computone Corporation

A pioneer and leader in the worldwide IT industry since 1984, Computone Corporation (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
 BB: CMPT, www.computone.com) designs, manufactures and markets a comprehensive line of remote access communications servers for Internet, LAN/WAN LAN/WAN Local Area Network/Wide Area Network  and Windows NT/SCO UNIX/Linux and other Open Systems. Computone is also a leading producer of high-speed multiport I/O (Input/Output) The transfer of data between the CPU and a peripheral device. Every transfer is an output from one device and an input to another. See PC input/output.

I/O - Input/Output
 boards, serving vertical markets including healthcare, retail/point-of-sale, banking and financial, telecommunications, Internet service providers (ISPs), transportation, hospitality and education. Based in the Atlanta suburb of Alpharetta, Computone sells through a worldwide network of authorized and certified distributors. For the first nine months of fiscal 2000, ended December 31, 1999, Computone reported an increase of 29 percent in net sales over the same period in fiscal 1999.

Multi-User Solutions provides service and support for hardware and software vendors including Microsoft, SCO (The SCO Group, Lindon, UT, www.sco.com) A leading vendor of Unix operating systems for the x86 platform. SCO had also offered Linux, but abandoned the line in the spring of 2003. The SCO Group is the combination of two companies: Utah-based Caldera, Inc. (R) Open Server/Desktop, SCO Xenix(tm) System V, SCO UNIXWARE(tm), Merge(tm), WABI(tm), MPX/SMP(tm), Virtual Disk Manager and LAN Manager for SCO(tm), ArcServ for SCO(tm), SCO Doctor(tm), Advanced File and Print Server(tm), FastStart Products(tm), X Vision Products(tm), Caldera(R), Linux(R), TurboLinux(R), 3COM(R), Compaq(R), Computone, DEC(R) (Compaq), Dell(R), Fujitsu(R), Gateway(R), Hewlett-Packard(R), IBM, Intel, Lexmark(R), Magnavox(R), NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98).

NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd.
(R), Okidata(R), Panasonic(R), Samsung(R), Seagate(R), Sony(R), Texas Instruments(R) (HP), Toshiba(R), and U.S. Robotics(R) (3COM).

About Deloitte & Touche

Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax and management consulting services through over 30,000 people in more than 100 U.S. cities. It is part of Deloitte Touche Tohmatsu Deloitte & Touche (also referred to as Deloitte Touche Tohmatsu, and branded as Deloitte.) is the second largest professional services firm in the world, and one of the Big Four auditors, along with PricewaterhouseCoopers, Ernst & Young and KPMG. , one of the world's leading professional services firms, with more than 90,000 people in over 130 countries.

This press release contains certain forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.

RAS is a registered trademark and IntelliServer is a trademark of Computone Corporation. Other trademarks are properties of their respective owners.
COPYRIGHT 2000 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 19, 2000
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