GTES Commences Operations; Metrocall Ventures Invests in Licensee of Glenayre Electronics Paging Infrastructure Technology.Business Editors/High-Tech Writers ALEXANDRIA, Va. & ATLANTA--(BUSINESS WIRE)--Feb. 26, 2004 Metrocall Holdings, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MTOH), a leading provider of paging and two-way wireless messaging and Glenayre Electronics, Inc., a subsidiary of Glenayre Technologies, Inc. (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 :GEMS), today announced that GTES GTES Ground Transportation & Engineer Systems (US Marine Corps) , LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a global product and services provider, has commenced its operations effective February 11, 2004. GTES, with offices in 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 Canada, is a joint venture that is 50% owned by Metrocall Ventures, Inc., a Metrocall Holdings subsidiary, and 50% by former management and employees of Glenayre's paging infrastructure operations. GTES will support paging carriers as an authorized licensee of paging infrastructure technology owned by Glenayre Electronics, Inc. "Since making our decision to discontinue the wireless messaging segment in May 2001, Glenayre has remained committed to fulfilling its contractual support obligations with its customers. The licensing of Glenayre's paging technology to GTES is another step by Glenayre to fulfill this commitment," stated Clarke Bailey, chairman and chief executive officer of Glenayre. "While Glenayre does not have any ownership interest in GTES, we are pleased that this licensing agreement provides GTES with the opportunity to offer a long-term solution to the paging industry." Metrocall President & 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. Vince Kelly stated, "The formation of GTES provides the paging industry with access to licensed technology for the software elements of paging infrastructure and creates a new organization committed to the long-term support of wireless network technologies. We have a progressive outlook on this opportunity and believe it will satisfy short and long-term network software requirements consistent with profitable operations. We look forward to a successful venture with the partners of GTES," he said. GTES will offer product sales, maintenance services, software development and product development to the wireless industry. The GTES team consists of highly qualified and seasoned associates who were formerly a part of Glenayre's paging infrastructure support and engineering operations. These employees were instrumental in the growth of the paging industry through the development of highly complex and stable hardware and software solutions. The Glenayre suite of products is the most widely deployed paging infrastructure worldwide. Network services and reliability are key elements to ensuring the viability of the service provider networks and their ultimate profitability. GTES is poised to assist the carriers in the wireless industry in their efforts to operate their networks more efficiently. GTES will initially focus on its core Partner Program where it will provide support to the paging industry through its Professional Service offerings. GTES will continue to develop its Partner Program. "GTES is excited about the opportunity to offer its partners services through the most qualified and experienced team in the industry," said Russ Allen, President of GTES. "The paging industry has expressed interest and support for GTES to partner with them for the foreseeable future. The relationships that the paging carriers and the GTES team members have developed over the past years provides the carriers with a level of comfort that their networks will continue to be supported as they would expect." To obtain detailed information about the GTES suite of product and service offerings including the Partner Program, please contact Mr. Tim Hall, Director of Sales and Customer Relations, 678-947-5649 or visit the GTES website at www.gtesinc.com. GTES has offices located in Custer, WA, Atlanta, GA, Quincy, IL, and Vancouver, BC. About Metrocall Holdings, Inc. Metrocall Holdings, Inc., headquartered in Alexandria, Virginia Alexandria is an independent city in the Commonwealth of Virginia. As of the 2000 census, the city had a total population of 128,284. Located along the Western bank of the Potomac River, Alexandria is approximately 6 miles (9.6 kilometers) south of downtown Washington, DC. , is the parent company of Metrocall, Inc., Metrocall USA and Metrocall Ventures. Branded Metrocall Wireless, the Company is a leading provider of paging products and other wireless services to the business, government and healthcare communities. In addition to its reliable, nationwide one-way networks, Metrocall's two-way network has the largest high-powered terrestrial ReFLEX footprint in the United States with roaming partners in Canada, Mexico and the Caribbean. Metrocall Wireless is the preferred ReFLEX wireless data network provider for many of the largest telecommunication companies in the United States that source network services and resell under their own brand names. In addition to traditional numeric, one-way text and two-way paging, Metrocall also offers wireless e-mail solutions, as well as mobile voice and data services through AT&T Wireless and Nextel. Also, Metrocall offers Integrated Resource Management Systems with wireless connectivity solutions for medical, business, government and other campus environments. Metrocall focuses on the business-to-business marketplace and supports organizations of all sizes. For more information on Metrocall please visit our Web site and online store at www.metrocall.com or call 800-800-2337. About Glenayre: Glenayre, headquartered in Atlanta, GA, is a global provider of next generation enhanced services Enhanced service is service offered over commercial carrier transmission facilities used in interstate communications, that employs computer processing applications that act on the format, content, code, protocol, or similar aspects of the subscriber's transmitted information; and messaging solutions for service providers including wireless carriers, fixed networks operators and cable companies. Glenayre's applications run on a carrier-grade, open platform featuring a standards-based web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. architecture for low cost delivery of revenue generating services in IP-based and circuit-switched telephony networks. Since Glenayre first pioneered voice messaging Using voice mail as an alternative to electronic mail, in which voice messages are intentionally recorded, not because the recipient was not available. over a decade ago, more than 200 service providers in over 60 countries have deployed Glenayre solutions for their legacy and 3G networks. Today, millions of subscribers around the world use Glenayre Versera solutions every day, including voice and fax messaging, one number services, speech interfaces, unified communications The real time redirection of a voice, text or e-mail message to the device closest to the intended recipient at any given time. For example, voice calls to desk phones could be routed to the user's cellphone when required. and one-button call return. For more information, please visit www.Glenayre.com. 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 press release includes "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 the federal securities laws, that involve uncertainties and risks. These include statements regarding events or developments that Metrocall Holdings expects or anticipates will occur in the future. A number of risks and uncertainties could cause actual results, events, and developments to differ from expectations. Please refer to Metrocall's most recent quarterly report on Form 10-Q Form 10-Q See 10-Q. and annual report on 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. , and any subsequently filed reports on Form 10-Q and Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. , as well as its other filings with the Securities and Exchange Commission, for a complete discussion of these and other important factors that could cause actual results to differ materially from those projected by these forward-looking statements. |
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