Datametrics Corporation Announces Long-term Distribution Agreement With Lee's Sign Supply.Business Editors, High-Tech Writers FLORHAM PARK, N.J.--(BUSINESS WIRE)--July 10, 2000 Lee's Sign Supply to Market the Condor(TM) Printer, Media and Ribbons to the Sign and Screen Printing Industry Agreement Marks Datametrics Corporation's Expanding Distribution Network Program Datametrics Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DMTR DMTR Dounreay Materials Testing Reactor DMTr dimethoxytriphenylmethyl chloride ) today announced that it has signed a long-term Distribution Agreement with Lee's Sign Supply of Niles, Michigan Niles is a city near South Bend, Indiana in Berrien County in the U.S. state of Michigan. The city has also annexed a small portion of land in Cass County. The population was 12,204 at the 2000 census. . Under the terms of the Agreement, Lee's Sign Supply has committed to distribute agreed quantities of Datametrics Corporation's Condor(TM) printer and related media and ribbon consumables annually to businesses in the signage and screen printing industry. The Condor(TM) printer is a high-speed, full color, concurrent thermal transfer See thermal wax transfer printer and direct thermal printer. printer which operates at 3 inches per second with unsurpassed versatility, ruggedness and flexibility. The Agreement is part of Datametrics Corporation's expanding Distribution Network Strategy. Datametrics is already in advanced discussions with several other established sign supply companies throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Europe to establish similar long-term Distribution Agreements. The Company intends to establish long-term commitments with twelve to eighteen distributors throughout the world representing the placement of approximately two hundred Condor(TM) printers during the next two years. Todd Barker, President of Lee's Sign Supply, stated, "We are delighted to be part of the Datametrics Corporation's Distribution Network Strategy. We believe that the Condor(TM) printer's quality, speed and ease of use will represent a best of breed solution for our customers." James E. Cain, Datametrics' Vice President -- Sales and Marketing stated, "We are delighted to enter into this Distribution Agreement with a company of the stature and reputation of Lee's Sign Supply. We are confident that this Agreement will continue to accelerate our sales efforts and that the unique performance characteristics of our Condor(TM) printer will be well received by Lee's Sign Supply's customer base." Mr. Cain continued, "We have targeted eighteen leading sign and screen printing distributors domestically and internationally to expand our market presence. With the addition of Lee's Sign Supply, we are well on our way to achieving the goals of our Distribution Network Strategy." About Lee's Sign Supply Lee's Sign Supply, established in 1986, markets a wide variety of hardware and software sign design programs including large format printers, cutter/plotters, sign supplies, vinyl, and media tapes throughout the United States. Located in Niles, Michigan, Lee's Sign Supply also provides technical expertise and support to its customer base. More information about Lee's Sign Supply can be found on the world wide web at www.leessignsupply.com. About Datametrics Corporation Datametrics Corporation, the leader in concurrent thermal transfer technology, specializes in the design, development and manufacture of high-speed color printers A printer that prints in color using three (CMY) or four (CMYK) colors of ink, toner or dye. Four color ribbons have been used in dot matrix printers, but these are rare today. See color laser printer and printer. and the management and operation of MadeMyWay.com,(TM) a fulfillment center engaged in the personalization Custom tailoring information to the individual. On the Web, personalization means returning a page that has been customized for the user, taking into consideration that person's habits and preferences. and customization of high quality apparel, textiles and specialty products primarily for the business-to-business e-commerce market. More information about Datametrics Corporation can be found on the world wide web at www.datametricscorp.com. Datametrics has operations in New Jersey and Florida. Except for the historical information contained herein, the matters discussed in this press release are 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. 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. These statements involve risks and uncertainties, such as quarterly fluctuations in operating results, the timely availability of new products, financing risks, the impact of competitive products and pricing, and other risks detailed in the Company's filing with the Securities and Exchange Commission, including the Company's 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. for the fiscal year ended October 31, 1999. These risks and uncertainties could cause actual results to differ materially from any forward-looking statements made in this press release. |
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