Datatec Systems Announces FY2001 Indirect Sales of $43.9 Million; An Increase of 102% Over FY2000.Business & Technology Editors FAIRFIELD, N.J.--(BUSINESS WIRE)--May 9, 2001 Datatec Systems, Inc. (Nasdaq: DATC DATC Davis Applied Technology College (Kaysville, Utah) DATC Days After Test Completion DATC Deferred Adverse Tax Consequence DATC Direct Assistance & Training Command DATC Director of Air Traffic Control ), announced today that it generated $43.9 million of indirect sales during its 2001 fiscal year, which ended April 30. This compares to $21.7 million of indirect sales in FY2000, an increase of 102%, and marks the third consecutive year that Datatec has grown indirect sales at a rate in excess of 70%. "Achieving this growth rate during turbulent times in the networking industry reinforces that we made the right strategic decision some three years ago when we committed to move aggressively toward an indirect sales model," said Isaac Gaon, Datatec Chairman and Chief Executive Officer. "Our partners are clearly recognizing the distinct value that Datatec brings to their deployment efforts, as they continue to accelerate the sales opportunities presented to us. We have again sharpened sharp·en tr. & intr.v. sharp·ened, sharp·en·ing, sharp·ens To make or become sharp or sharper. sharp our focus for fiscal 2002, and are budgeting for similar year over year indirect channel sales growth." About Datatec Systems, Inc. Fairfield, NJ-based Datatec Systems specializes in the rapid, large scale market absorption of networking technologies. Datatec's deployment services utilize a software-enabled implementation model to configure See configuration. (software) configure - A program by Richard Stallman to discover properties of the current platform and to set up make to compile and install gcc. Cygnus configure was a similar system developed by K. , integrate and roll out new technology solutions using a "best practices" structured process. Its customers include Fortune 1000 companies and world-class technology providers. Datatec stock is listed on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. (DATC). For more information visit Datatec at http://www.datatec.com About eDeploy Inc. eDeploy, a subsidiary of Datatec Systems, Inc., is a recognized leader in the development and delivery of business-to-business e-commerce tools and processes that allow OEMs, systems integrators An individual or organization that builds systems from a variety of diverse components. With increasing complexity of technology, more customers want complete solutions to information problems, requiring hardware, software and networking expertise in a multivendor environment. and service providers to configure and deploy complex network infrastructure and computing computing - computer technologies faster, more economically and with fewer defects. eDeploy(TM) is a set of web-based business-to-business productivity tools that enhance process management for any deployment. The system serves as a central repository for all intellectual assets related to a project. These assets can be shared among project team members, customers and third parties. eDeploy(TM) leverages the power and ubiquity Ubiquity See also Omnipresence. Burma-Shave their signs seen as “verses of the wayside throughout America.” [Am. Commerce and Folklore: Misc. of the Internet by acting as a secure virtual project community for all parties to deliver a solution. For more information, visit http://www.edeploy.com This Press Release contains 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 Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risks and uncertainties which may cause the actual results or objectives to be materially different from those expressed or implied by such forward-looking statements. |
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