Cumetrix Announces Completion of ACSA Construction Phase.INDUSTRY, Calif.--(BUSINESS WIRE)--Sept. 15, 1998-Cumetrix Data Systems Corp. (Nasdaq:CDSC See Contingent deferred sales charge. ) Tuesday announced that it has completed the construction of its first Automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. Custom System Assembly (ACSA ACSA Association of Collegiate Schools of Architecture ACSA Association of California School Administrators ACSA Airports Company South Africa ACSA Apple Certified System Administrator ACSA Australian Curriculum Studies Association ) center located at its corporate headquarters in City of Industry. "We are pleased to announce the completion of this important milestone," commented Max Toghraie, 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. of Cumetrix Data Systems Corp. Toghraie added, "We can now proceed with the Quality Assurance phase, which includes trial runs for the existing hardware configuration capability, evaluation and implementation of logistical lo·gis·tic also lo·gis·ti·cal adj. 1. Of or relating to symbolic logic. 2. Of or relating to logistics. [Medieval Latin logisticus, of calculation efficiencies as well as the final installation and testing of our software configuration process." The first ACSA center is a six-line, fully automated advanced manufacturing process, which introduces efficiencies to existing configuration methodologies. This internally developed process is designed to fully assemble and mass-customize systems at a rate of up to 80 percent higher than the company's current process. As a result, the company expects to gain a competitive edge in delivering fast, reliable and low-cost hardware and software configuration and integration services to its target markets. Assuming timely completion of the Quality Control phase, the company expects to see initial revenues for ACSA services commencing in the third quarter of the current fiscal year. 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. : With the exception of historical information, the statements in this news release contain certain forward-looking statements that involve a number of risks and uncertainties. The company's ability to successfully market ACSA Center services and gain a competitive edge will depend on the company convincing potential customers of the benefits of ACSA services. The company has only recently commenced marketing the ACSA services. Although the company is engaged in negotiations and discussions with a number of potential customers, there can be no assurance that any such discussions will lead to significant sales of ACSA services. Further, if the company's ACSA services gain initial market acceptance, the company's success will depend, among other things, upon its ability to enhance the ACSA services and to develop and introduce new products and services that keep pace with technological developments and respond to evolving customer requirements. Actual events or results may differ materially as a result of a number of factors set forth in the company'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. and the company's most recently filed Quarterly Report on form 10-Q Form 10-Q See 10-Q. on file with the U.S. Securities and Exchange Commission. CONTACT: Cumetrix Data Systems, Industry Max Toghraie, 626/965-6899 |
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