DataWorld Solutions Secures Order with Emerging Optical Network Provider. Initial order $1M.Business Editors FARMINGDALE, NY--(BUSINESS WIRE)--Dec. 8, 2000 DataWorld Solutions Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : DWLD.BB) (Frankfurt - VRX VRX Virtual Resources Executive VRX Voice Receive Mode ), announced today that it has secured a product supply and services agreement with a high-speed network provider. DataWorld Solutions estimates the value of the contract to be worth over $1 million over the next year. Under the agreement, DataWorld Solutions is to provide an assortment of network infrastructure components, fiber optic cable Noun 1. fiber optic cable - a cable made of optical fibers that can transmit large amounts of information at the speed of light fibre optic cable transmission line, cable, line - a conductor for transmitting electrical or optical signals or electric power assemblies and professional network services in support of a fast track, multi-city rollout. "This agreement is an excellent example of our ability to provide comprehensive solutions to our customers," said Larry Paniccia, executive vice president and director of technology for DataWorld Solutions. Paniccia continues, "Our client recognizes the value of our professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. . For example, this customer is using our rack and stack product to fully assemble, configure, test and ship its equipment to multiple sites in a number of cities nationwide. This service saves it significant man-hours by eliminating the labor expended to physically assemble each network node. There is also a strategic value as its network commissioning time is reduced, thereby enabling it to deliver their product to a target market sooner." About DataWorld: DataWorld Solutions Inc. is a multi-regional, value-added specialty distributor and manufacturer of electronic cable assemblies used in providing connectivity solutions, which includes systems integration, for customers operating a wide range of data systems. This includes linking or connecting standard or proprietary electronic devices and peripheral components from different vendors to provide solutions for various customer requirements. The company adds value by providing connectivity solutions, which may include distributed sales for passive components such as electronic connectors, electronic wire and cable, cabinets and racks and patch panels, and active components, including hubs, bridges, routers, gateways and modems. The company is investigating synergistic opportunities. Its mandate is to pursue undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. growth through acquisition situations in DataWorld's Industry sector which make economic sense and create Shareholder value. DataWorld currently has two assembly plants in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of on Long Island, as well as one in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. , with over 100 employees. Except for historical matter, the matters in this press release are forward-looking statements and are 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. The forward-looking statements reflect assumptions, and involve numerous risks and uncertainties, which might affect the company's business and prospects and cause actual results to differ materially from these forward-looking statements, which are detailed in the company's public filings with the SEC. |
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