Daniel L. McGinnis Resigns from Board of Directors of Telkonet, Inc.Business Editors/High-Tech Writers ANNAPOLIS Annapolis, river, Canada Annapolis, river, c.75 mi (120 km) long, rising in W Nova Scotia, Canada, and flowing SW past Annapolis Royal to Annapolis Basin, an arm of the Bay of Fundy. , Md.--(BUSINESS WIRE)--March 19, 2004 Telkonet, Inc. (Amex:TKO) announced today that it received a letter from Daniel Daniel, book of the Bible Daniel, book of the Bible. It combines "court" tales, perhaps originating from the 6th cent. B.C., and a series of apocalyptic visions arising from the time of the Maccabean emergency (167–164 B.C. L. McGinnis, dated March 5, 2004, informing the Company of his resignation from the Company's Board of Directors. Mr. McGinnis' letter cited personal reasons for his decision. Warren V. Musser, Chairman of the Company's Board of Directors, has agreed to serve on the Company's Audit Committee until Mr. McGinnis' successor is appointed. About Telkonet With its headquarters in Annapolis, MD, Telkonet's (Amex:TKO) products provide connectivity over existing electrical wiring Electrical wiring in general refers to insulated conductors used to carry electricity, and associated devices. This article describes general aspects of electrical wiring as used to provide power in buildings and structures, commonly referred to as building wiring. and do not require the costly installation of additional wiring or major disruption disruption /dis·rup·tion/ (dis-rup´shun) a morphologic defect resulting from the extrinsic breakdown of, or interference with, a developmental process. of business activity. In many situations, the Telkonet system can be implemented more quickly and less expensively than adding dedicated wiring or installing a wireless system. The Telkonet PlugPlus family of networking and Internetworking products offers a viable and cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. alternative to the challenges of hardwiring and wireless local area networks. Telkonet PlugPlusInternet products are designed for use in commercial and residential applications, including multi-dwelling units, and the hospitality and government markets. For more information, visit: www.telkonet.com. Statements included in this release may constitute 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. within the meaning 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. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company's ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company's financial results, can be found in the Company's Registration Statement and in its Reports on Forms 8-K filed with the Securities and Exchange Commission (SEC). |
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