Dauphin Receives First Purchase Order From OTE; Consumer Sales of OraLynx STB Launched.Business Editors PALATINE, Ill.--(BUSINESS WIRE)--Sept. 5, 2001 Dauphin Technology, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). .BB:DNTK) announced today that Hellenic Telecommunications Organization S.A. (OTE OTE Chiefly Brit (esp. in job adverts) on target earnings: the minimum amount of money a salesman is expected to make OTE abbr (Comm) (= on-target earnings) → Einkommensziel nt ) (NYSE NYSE See: New York Stock Exchange :OTE) (Athens Stock Exchange Athens Stock Exchange Greece's only major securities market. Greek language only. Athens Stock Exchange (ASE) Greece's principal stock exchange. : HTO) has placed their initial order for set-top boxes (STB's) and accessories resulting in more than $1,200,000 in revenue. This first order will be utilized in OTE's chain of more than 400 retail shops, known as "OTE SHOPS", thus launching consumer sales to their clients. Further, this represents the first order targeting initial holiday season customers. In accordance with the strategic agreement between Dauphin and OTE announced August 2001, purchasing of additional products shall be ongoing and adjusted monthly dependant upon consumption and demand. OTE has selected the OraLynx(TM) model, an integrated high-end fully featured STB running on Windows, which includes a Slim DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. ROM, 20GB HD, HW MPEG-2 Decoder, IDSN IDSN - ISDN or DSL modem, TV-Tuner, 128 MB RAM and Wireless Keyboard. Shipment of the STBs is scheduled to occur within the third quarter with payment terms according to industry standards. About Dauphin Technology, Inc. Dauphin Technology, Inc., a Palatine, Illinois based technology company with facilities in McHenry, Illinois (RMS), Schaumburg, Illinois (ADD), Oldsmar, Florida (Suncoast) and the new office in Piraeus, Greece (Dauphin - Europe) develops and markets broadband communication products and hand-held, pen based computers. About Hellenic Telecommunications Organization S.A. (OTE) OTE is a full service telecommunications group based in Greece. OTE operates a nationwide digital network providing a full range of telecommunications services and has established international telecommunications presence in Romania, Serbia, Albania Bulgaria, Armenia and Jordan. Formed in 1949, OTE is Greece's largest company by market capitalization and is substantially owned and backed by the Greek government. OTE International, the international arm of OTE Group of Companies was launched with the scope to co-ordinate the OTE Group of Companies' investments in the countries of Southeastern Europe, the Black Sea region and the Eastern Mediterranean. OTE is listed and trading on the Athens Exchange (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. : HTO) and the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE: OTE). For further information, please visit http://www.ote.gr/english/e-company.htm Certain matters discussed in this news release are forward-looking statements involving certain risks and uncertainties including, without limitations, changes in product demand, the availability of products, change in competition, economic conditions, various risks due to changes in market conditions and other risks detailed in the Company's Securities and Exchange Commission filings and reports. |
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