Conolog Corporation Adds Professional Graphics Staffing Division; Estimates $2.0 Million In Added Revenues.Business/Technology Editors SOMERVILLE Somerville. 1 City (1990 pop. 76,210), Middlesex co., E Mass., a residential and industrial suburb of Boston, on the Mystic River; settled 1630, set off from Charlestown 1842, inc. as a city 1871. , N.J.--(BUSINESS WIRE)--Feb. 2, 2000 Conolog Corporation (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 Small Cap: CNLG, CNLGW), an engineering and design company providing digital signal processing See DSP. Digital Signal Processing - (DSP) Computer manipulation of analog signals (commonly sound or image) which have been converted to digital form (sampled). solutions, announced today the addition of a software graphics design division to support products manufactured under its 'INIVEN' brand, and to expand human resource contract assignments. The Company estimates the addition of this division will allow it to increase its annual revenues by $2.0 million. Conolog's President, Robert Benou, commented, &uot;Our goal is to continue to maximize our areas of strength and increase the revenues projected in our Press Release of January 31, 2000 for the fiscal year ending July 31, 2000.&uot; Conolog Corporation is an engineering and design company primarily engaged in providing engineering and technical personnel, and manufacturing a line of digital signal processing systems (DSP (1) (Digital Signal Processor) A special-purpose CPU used for digital signal processing applications (see definition #2 below). It provides ultra-fast instruction sequences, such as shift and add, and multiply and add, which are commonly used in math-intensive ), including transmitters, receivers and multiplexers, under the INIVEN trade name. Forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. in this release are made pursuant to the &uot;safe harbor&uot; 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 such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition, new products introduced by competitors, changes in the rates of subscriber acquisition and retention, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. For additional updates, see www.nfnonline.com/cnlg |
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