ConferencePlus Names American Express as The Preferred Corporate Card Payment Choice.SCHAUMBURG, Ill. -- In celebration of its third anniversary as a partner in the American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. (R) Corporate Card Savings at Work program, Conference Plus, Inc. (ConferencePlus), has named the American Express Corporate Card and Corporate Purchasing Card A Purchasing Card is a form of company credit card that allows goods and services to be procured without utilising a traditional purchasing process. Purchasing Cards are usually issued to employees who are required to operate within a set of company rules and guidelines which as its preferred payment choice worldwide for retail payment for all of its conferencing services. ConferencePlus a leading global provider of audio, web and videoconferencing services dedicated to the workplace of the future, is a subsidiary of Westell Technologies, 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 :WSTL). The American Express payment option is available to ConferencePlus customers for payment of all audio, web and videoconferencing services. Since 2001, ConferencePlus has been a member of the American Express Corporate Card Savings at Work program, offering mid-sized companies special discounted rates usually reserved for larger organizations. Under the Savings at Work program, American Express Commercial Cardmembers get discounts of 40-59% when they use their Cards to pay for audio or Web conferences provided by ConferencePlus. In another advantage, companies using American Express Cards to purchase ConferencePlus services also receive 'level 2' data on their bill, for example, cost center or billing reference data, making reporting easier than ever for Savings at Work customers. "Today, most organizations want to make expense tracking and oversight easier and more accurate, using The American Express Card payment option helps them to achieve that goal," said Timothy J. Reedy reed·y adj. reed·i·er, reed·i·est 1. Full of reeds. 2. Made of reeds. 3. Resembling a reed, especially in being thin or fragile: , ConferencePlus President and Chief Executive Officer. "We're seeing accelerated interest in conferencing services because of our successful relationship with American Express," Reedy said. "We are delighted to be named the preferred payment card by ConferencePlus and to have them among our distinguished list of supplier partners in the Savings at Work program," said Anre Williams, Executive Vice President, U.S. Commercial Card, American Express Global Corporate Services Activities that combine or consolidate certain enterprise-wide needed support services, provided based on specialized knowledge, best practices, and technology to serve internal (and sometimes external) customers and business partners. . "This agreement reflects the growing corporate demand for conference services, and extends valuable discounts to our customers." "The Savings at Work program with American Express is among the most extensive and far-reaching agreements ConferencePlus has ever entered into," said Reedy. We appreciate the confidence American Express has in ConferencePlus and we look forward to providing more innovative services for Savings at Work participants in the future," Reedy added. About American Express American Express Company is a diversified worldwide travel, financial and network services company founded in 1850. It is a world leader in charge and credit cards, Travelers Cheques, travel, financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against , business services, insurance and international banking. About Conference Plus, Inc. Conference Plus, Inc., a leading global provider of audio, web and videoconferencing services is dedicated to the workplace of the future - now. ConferencePlus is transforming the way work is done through its market-leading multimedia conferencing See videoconferencing and data conferencing. solutions that combine innovation, proven technology and exceptional customer service. Headquartered in Schaumburg, Illinois Schaumburg is a village in Cook County and DuPage County, Illinois. As of the 2000 census, the village had a total population of 75,386. As of 2005, the population slightly dropped to 72,690 according to the Census Bureau. with an international headquarters in Dublin, Ireland, ConferencePlus is a subsidiary of Westell Technologies, Inc. (NASDAQ: WSTL). Additional information about ConferencePlus can be obtained by visiting http://www.conferenceplus.com. About Westell Westell Technologies, Inc., (NASDAQ: WSTL) headquartered in Aurora, Illinois Aurora is the largest city in Kane County, Illinois. The city also lies within DuPage, Will and Kendall counties. As reported in the 2000 U.S. census, the city was home to 142,990 people, while the city's estimated 2006 population is 170,617. , is a Tier-1 provider of intelligent, carrier-class broadband access products manufactured using a TL9000 registered quality management system. Westell offers high-speed broadband/DSL technology products for carriers, service providers and business enterprises around the world. For more information visit http://www.westell.com. "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. " statement under 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 1995: Certain statements contained herein including, without limitation, statements containing the words "believe," " on track, " "anticipate," "committed" "expect," "estimate", "await," "continue," "intend," "may," "will," "should," and similar expressions are forward looking statements that involve risks and uncertainties. These risks include, but are not limited to, product demand and market acceptance risks, need for financing, the economic downturn in the U.S. economy and telecom market, the impact of competitive products or technologies, competitive pricing pressures, product development, excess and obsolete inventory Obsolete Inventory Term that refers to inventory that is at the end of its product life cycle and has not seen any sales or usage for a set period of time usually determined by the industry. This type of inventory has to be written down and can cause large losses for a company. due to new product development, commercialization and technological delays or difficulties (including delays or difficulties in developing, producing, testing and selling new products and technologies), the effect of Westell's accounting policies, the need for additional capital, the effect of economic conditions and trade, legal social and economic risks (such as import, licensing and trade restrictions) and other risks more fully described in Westell's Annual Report on 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. for the fiscal year ended March 31, 2004 under the section "Risk Factors". Westell undertakes no obligation to release publicly the result of any revisions to these forward looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. |
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