FastComm renews alliance and resale agreement with Diebold.STERLING, Va.--(BUSINESS WIRE)--April 11, 1997-- Renewal of Agreement for second year covers use of FastComm FRADs in various applications by Diebold, Incorporated FastComm Communications Corp. announced today that Diebold, Incorporated, has renewed its resale agreement with FastComm for Frame Relay Access Devices (FRADs). Diebold will continue to provide and maintain the FastComm products through its North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Sales and Service organization. The FRADs have been optimized for use with Diebold's automated teller machines automated teller machine (ATM), device used by bank customers to process account transactions. Typically, a user inserts into the ATM a special plastic card that is encoded with information on a magnetic strip. (ATMs) and cash dispensers. Diebold also offers the FastComm products for corporate and branch office network applications. Use of the FastComm products allows Diebold to offer higher value solutions to its current and new customers, such as replacing leased line and analog networks for ATMs with high speed digital connectivity; providing cost savings and higher performance. "I'm very pleased to announce this contract renewal," stated Peter Madsen, FastComm President. "Diebold is a leader in supplying financial transaction solutions to the marketplace, and we're pleased to be working with them to support both their existing and new customers!" Diebold, Incorporated (NYSE NYSE See: New York Stock Exchange : DBD DBD DNA binding Domain (nuclear receptors) DBD Database Design DBD Day-By-Day DBD Database Description dBd Decibels (dipole antenna) DBD Death Before Dishonor (gaming clan) ), headquartered in Canton, Ohio, is a global leader in providing card-based transaction systems, security and service solutions to the financial, education, and healthcare industries. Founded in 1859, the company develops, manufactures, sells and services automated teller machines, campus systems, smart card systems, electronic and physical security equipment, automated medication dispensing systems, software and integrated systems solutions. FastComm Communications Corp. (FSCX, NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on ) designs, manufactures, and sells access products for public and private digital networks. Its products include Packet and Frame Relay concentrators, Voice and Data FRADs, and WEB.router(TM) Internet access routers; T-1/E-1 Asynchronous Transfer Mode See ATM. (communications) Asynchronous Transfer Mode - (ATM, or "fast packet") A method for the dynamic allocation of bandwidth using a fixed-size packet (called a cell). See also ATM Forum, Wideband ATM. ATM acronyms. Indiana acronyms. network access equipment; Frame Relay line testers to speed installations; leased line and Switched 56 CSU/DSUs; SuperView(TM) data switches for managing multiple remote async devices; and a family of high speed data compressors. For more information, or to request a data sheet of any FastComm product, phone 703-318-7750; fax to 703-787-4625; Email to info@fastcomm.com; or visit FastComm on the World Wide Web at http://www.fastcomm.com Forward looking statements are made in this release 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. Investors are cautioned that all forward looking statements are subject to risks and uncertainties, including, without limitation, the timing of new announcements or introductions by the Company and its competitors, the hiring and retention of key employees, competitive pricing pressures, dependence on third party for components and products, and general economic conditions in the United States and international markets and the risk factors detailed from time to time in the Company's periodic reports and registration statements filed with the Securities and Exchange Commission. -0- FastComm, stylized styl·ize tr.v. styl·ized, styl·iz·ing, styl·iz·es 1. To restrict or make conform to a particular style. 2. To represent conventionally; conventionalize. logo, WEB.router, and SuperView are trademarks of FastComm Communications Corp. All rights reserved. All other trademarks are property of their respective owners. CONTACT: FastComm Communications Corp. Ed Bursk, 703-318-7750 |
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