Juniper Group Announces Addition of 30 Broadband Technicians in Support of Cablevision in Suffolk County, NY; Broadband Services Expected to Increase Nearly $3M Over Coming Year.Business Editors GREAT NECK, N.Y.--(BUSINESS WIRE)--Oct. 29, 2002 Juniper Group, 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 : JUNI), a diversified holding company with operations in the entertainment, healthcare and internet technologies sectors announced today that its Juniper Internet Communications, Inc. subsidiary (JINI), www.JiniInternet.com, has begun providing High Speed Data service installations for Cablevision Corporation (NYSE NYSE See: New York Stock Exchange :CVC See CSC. ) in Suffolk County, New York Suffolk County is a county located in the U.S. state of New York. As of the 2000 census, the population was 1,419,369. It was named for the county of Suffolk in England, from which its earliest settlers came. . Mr. Alan R. Andrus, President of Juniper Internet Communications, Inc. stated that, "JINI is delighted to have been selected by Cablevision to participate in providing its services to Cablevision's customers". Mr. Andrus noted that "Juniper has already added most of the 30 technicians that will be providing these services, and expects to complete this staffing by the end of October". Mr. Andrus also said that "in addition to installing High Speed Broadband services for Cablevision customers, JINI's technicians are also providing a full range of digital cable-TV installations, upgrades and maintenance services". Mr. Vlado P. Hreljanovic, Chairman, 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. and President of Juniper Group Inc. stated that "Juniper Internet Communications' participation in the expansion of Cablevision's services to its customers, marks a significant growth of the company's Broadband services business. Although still ramping up, our Cablevision service will materially increase JINI's 4th quarter revenues, potentially doubling our 3rd quarter sales. This Cablevision agreement should add nearly $3M in new annual revenues to JINI. Most importantly, JINI's services to Cablevision have begun very smoothly, and have earned high levels of satisfaction from Cablevision's customers." Mr. Andrus added that "the successful initiation of JINI's services for Cablevision is positioning JINI for consideration to become a provider of support in other nearby portions of Cablevision's New York Metropolitan Area New York–Northern New Jersey–Long Island is the most populous metropolitan area in the United States and the third most populous in the world, after Tokyo and Mexico City. service territory". Juniper Group, Inc. operates in the entertainment, technology and healthcare markets. Juniper Group operates in the technology market as Juniper Internet Communications, Inc., which assists Cable companies, DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary and Wireless providers and vendors in implementing broadband Internet services for their customers. In the entertainment market, it operates as Juniper Pictures, Inc., which distributes feature films; and as Juniper Sports, Inc., which manufactures and distributes quality golf and casual shoes. Juniper Medical Systems Inc. provides services in the healthcare management market. Except for historical matters contained herein, the matters discussed in this press release are forward-looking and are made 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 these forward-looking statements reflect numerous assumptions and involve risk and uncertainties that may affect Juniper Group, Inc. and its subsidiaries business and prospects and cause actual results to differ materially from these forward-looking statements. Among the factors that could cause actual results to differ are Juniper Group, Inc.'s operating history; competition; low barriers to entry; reliance on strategic relationships; rapid technological changes; inability to complete transactions on favorable terms; and those risks discussed in the Company's filings with the SEC. |
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