DocuPort Receives First of RCA Purchase Orders.Business Editors/High Tech Writers FAIRFIELD, N.J.--(BUSINESS WIRE)--May 11, 2000 DocuPort, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: DCPT DCPT Dynamic Cone Penetration Test DCPT Dual Continuum Particle Tracker DCPT Dynamic Cell Packet Transport (3Com) ) announced today that they had received the first purchase order against RCA's contractual commitment of 230,000 units of the Chameleon(TM), DocuPort's flagship ultra-portable multi-tasking (it prints, copies, scans and faxes) personal device. The purchase order is valued in excess of $3.5 million. This order is the first against a commitment for 230,000 units. It is expected that the shipments will begin in August 2000 for RCA See RCA connector and video/TV history. rollout to its first customer, Radio Shack See RadioShack. . "We are pleased to see the first order on the commitment and we expect to receive many additional purchase orders for the Chameleon(TM)," said Norman Docteroff, 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. of DocuPort, Inc. He went on to add, "DocuPort is on track to reach our budgeted goals for this fiscal year." DocuPort is also in contract negotiations with several major European Distributors for product distribution outside the US and is on the verge On the Verge (or The Geography of Yearning) is a play written by Eric Overmyer. It makes extensive use of esoteric language and pop culture references from the late nineteenth century to 1955. of finalizing negotiations for a major Asian distributor. Recently, DocuPort had completed the development, and is now in production engineering, of their latest ultra-portable imaging product, the Micro Scan Pen. The Pen is 8.5 inches in width and 1/2-inch in diameter. The pen can store up to 100 pages of information, which can later be downloaded to a laptop or desktop computer via serial port. Product will begin shipping in August 2000. Docuport is the newest player in the exploding portable imaging and portable digital assistants market. Headquartered in Fairfield, New Jersey, Docuport is positioned to become the premier provider and manufacturer of portable imaging and information appliances. 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. statement under 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: This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission DocuPort, Inc. has been recently profiled in TheStockAdvisor Newsletter. For an additional report, send email to dcpt@thestockadvisor.com or visit http:\\www.thestockadvisor.com . |
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