DataStream's Middle East Subsidiary Installs New Switching Facilities in Syria.Business Editors/Hi-Tech Writers WASHINGTON--(BUSINESS WIRE)--Feb. 13, 2001 DataStream Global Communications (CDXX on Pink Sheets) announced today that the company's Middle East subsidiary has purchased three new enhanced services platforms for installation in its operation in Syria. Commenting on the installation of these platforms Philip A. Verruto, DataStream's 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. said "we have purchased three CMS (1) See content management system and color management system. (2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system. 2000 switches from Telemedia in support of our in-country operations in Syria. The switches are currently being installed in Damascus, Aleppo and Lattakia and will be in service this quarter." Verruto went on to say "the three platforms have a combined capacity in excess of 7,000,000 minutes per month and based on early results from other switches installed at the end of 2000, the Syrian operation is expected to produce over $8,000,000 in new revenue for the company this year". Pensat ME has operations and personnel in Syria and provides calling card services The software support for PC Cards. PC Card applications talk to Card Services. See PC Card. to the public in Damascus, Aleppo and Lattakia, Syria under an exclusive long term agreement with the government owned telecommunications entity in Syria. The CMS/2000 is a comprehensive, Client/Server based call processing In telecommunication, the term call processing has the following meanings:
This state-of-the-art platform utilizes the latest developments in Client/Server technology, and is powered by Excel Programmable Tandem Switches from Lucent Technologies. This combination makes the CMS/2000 one of the most advanced call-processing platforms in the industry. DataStream Global Communications (www.datastreamglobal.com), headquartered in Washington, D.C., is an international integrated communications provider (ICP (1) (Internet Cache Protocol) A protocol used by one proxy server to query another for a cached Web page without having to go to the Internet to retrieve it. See CARP and proxy server. ) with licensed operations in the USA, Spain, Brazil and Syria and provides a wide array of data, telecommunications and network services, including local operations, long distance, data transport, high speed Internet access See how to access the Internet. , prepaid calling cards, carrier wholesale and international private line. Additionally, DataStream has strategic alliances and interconnections with carriers in Venezuela, Chile, Korea, The Netherlands Antilles Netherlands Antilles, island group, an autonomous part of the Netherlands (2005 est. pop. 220,000), 371 sq mi (961 sq km), West Indies. Formerly known as the Dutch West Indies and Netherlands West Indies, they are divided into two groups. and Peru. DataStream has offices and operations in Washington, DC, Omaha, NE, NYC NYC abbr. New York City NYC New York City , NY and international offices and network operations in Madrid and Barcelona, Spain; Sao Paulo, Brazil; and Damascus, Aleppo and Lattakia, Syria. Except for factual statements made herein this press release may include 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. that involve risk and uncertainty. Although the company believes its expectations reflected in such forward-looking statements are based on reasonable assumptions, no assurance can be given that such projections will be fulfilled. Any such forward-looking statement must be considered along with knowledge that actual events or results may vary materially from such predictions due to, among other things, political, economic or legal changes in the markets in which Pensat does business. |
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