Data Evolution Corporation Announces New Release Date for Clio NXT and Cathena: New Date Reflects Engineering Delays.NEW ORLEANS New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded -- Data Evolution Corporation, a subsidiary of Data Evolution Holdings, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). .PK:DTEV), announced today that the release date for the Clio(R) NXT NXT Next and the Cathena(TM) has been moved to the fall of this year due to engineering delays. "We are working with our major customers, partners, and beta sites to transition to the new delivery date," said Robert Sowah, Chief Executive Officer of the Company. "We are fortunate that our business partners and customers understand that engineering delays can and do occur and that they remain confident that the new Clio and Cathena will create huge impacts in their respective markets." The engineering delays also caused the Company to cancel its scheduled appearance at the 2005 National Education Computing Conference, which was held in Philadelphia, Pennsylvania from June 28-30, 2005. "Our primary reason for attending the NECC NECC National Educational Computing Conference NECC Navy Expeditionary Combat Command (Norfolk, VA) NECC Net-Enabled Command Capability NECC Northeast Mississippi Community College NECC North Equatorial Counter Current was to expose the education technology market to the full capabilities of the Cathena and the Clio NXT.As the devices were not fully functional in time for the convention, we made the decision to withdraw from the show rather than exhibit something that was not perfect," said Sowah. This release includes forward-looking statements made pursuant to the 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. 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 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , the effect of economic and business conditions, and the ability to attract and retain skilled personnel.The Company is not obligated ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. About Data Evolution Holdings, Inc. Data Evolution Holdings, Inc., through its subsidiary, Data Evolution Corporation, manufactures computer hardware and develops proprietary computer software for mobile data capture solutions. The Company's hardware products consist of the award-winning, convertible handheld personal computer, Clio(R), and the traditional notebook computer, Cathena(TM), which is specifically targeted to the education and government services markets, both of which run Microsoft's(R) Windows(R) CE(TM) operating system. Our software products and services, grouped under the trade name mCapture:PowerSys(TM), are specifically designed to help organizations capture and manipulate data efficiently and accurately. www.dataevolution.com Data Evolution Corporation (PINK SHEETS:DTEV) |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion