NetWolves Announces $12M Contract With Swift Transportation.Business Editors/High-Tech Writers TAMPA, Fla.--(BUSINESS WIRE)--July 15, 2003 Swift Will Deploy NetWolves' Managed Services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality Offering, Featuring Both Managed Security Services Security services are state institutions for the provision of intelligence, primarily of a strategic nature, but also including protective security intelligence. Examples include the Security Service (MI5) and the Secret Intelligence Service (MI6) in the United Kingdom, and the and Expanded Network Connectivity Services NetWolves Corporation (Nasdaq:WOLV) announced today that it has signed a two-year, $12M agreement with Swift Transportation Swift Transportation was founded by Jerry Moyes originally as Common Market. The operations began in 1966 transporting imported steel from the ports of Los Angeles to Arizona, and then returning with Arizona cotton to be delivered to Southern California. to provide expanded voice and data connectivity services as well as managed security services, featuring NetWolves' patent-pending Secure Remote Monitoring (protocol) remote monitoring - (RMON) A network management protocol that allows network information to be gathered at a single computer. Whereas SNMP gathers network data from a single type of Management Information Base (MIB), RMON 1 defines nine additional MIBs that provide a and Management system (SRM (1) (Storage Resource Management) The management of the storage resources in an organization in order to avoid duplication of files and to determine space utilization across all servers. 2)(R). NetWolves' Network Services division has provided Swift Transportation with a single source solution for its voice, data, and Internet services since 1997. This agreement renews a long term relationship between the two organizations. Currently, NetWolves provides an integrated multi-carrier solution to Swift. This solution allows Swift to have a single contract, a single invoice for all services, one account team, while receiving the benefits of having multiple carrier services for redundancy. Gary Weinberger, Vice President of Swift, stated, "Swift is very pleased to extend this contract because NetWolves has provided us with exceptional services and support for a number of years. Their unique approach to designing, deploying, and supporting our network has exceeded expectations." NetWolves announced that it will also provide Swift Transportation with its flexible, scalable security services, including ICSA See TruSecure. certified firewall with three layers of protection, IPSec compliant virtual private network to permit secure transmission of information between office locations, and Intelligent Failover to ensure effective connectivity is maintained. NetWolves' patent-pending SRM2 technology will be used to manage network costs and provide real-time response to network issues. Mr. Weinberger added, "After an extensive product evaluation, we chose NetWolves' managed security services technology because it provides a comprehensive and scalable solution that fully meets our secure business transaction needs. NetWolves' managed security services along with cost effective broadband technology broadband technology Telecommunications devices, lines, or technologies that allow communication over a wide band of frequencies, and especially over a range of frequencies divided into multiple independent channels for the simultaneous transmission of different signals. allows Swift to improve network protection and performance, and significantly reduce our telecommunications costs." Commenting on this announcement, Walter M. Groteke, Chairman and 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 NetWolves Corporation, said, "NetWolves certainly values our long standing relationship with Swift Transportation, and we are pleased to see their renewed commitment in our network connectivity services. Furthermore, Swift's adoption of NetWolves' secure network technologies underscores that our one company, one managed services offering meets both the business and technical objectives of any large enterprise in any market segment." About NetWolves Corporation NetWolves Corporation provides high-performance network security solutions coupled with robust network management and communication services. NetWolves' products offer essential applications such as firewall, virtual private networks (VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks. ), intrusion detection systems (IDS), content filtering See Web filtering and parental control software. , virus detection, congestion The condition of a network when there is not enough bandwidth to support the current traffic load. congestion - When the offered load of a data communication path exceeds the capacity. management, and intelligent failover. Additionally, the Company, through its Network Services division, provides network design, provisioning, monitoring, and management services. The marriage of these products and services positions NetWolves as a single-source solution provider for Fortune 1000 organizations looking to integrate their perimeter offices onto their global backbone network A backbone network provides a path for the exchange of information between different LANs or subnetworks.[1] A backbone can tie together diverse networks in the same building, in different buildings in a campus environment, or over wide areas. . Additionally, by replacing the multi-vendor approach with a single management, support, and billing infrastructure, companies can ensure a cost-effective and seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. of complex global enterprises. NetWolves is located at 4002 Eisenhower Blvd, Tampa, Florida 33634. More information on NetWolves' products can be found at http://www.netwolves.com or by calling toll free at 1-888-638-9658. About Swift Transportation Swift Transportation is the largest publicly-held national truckload carrier in the United States, providing dedicated fleet services to many of the nation's largest retailers. Swift is headquartered in Phoenix, Arizona, with regional operations located throughout the United States and Mexico. FORWARD-LOOKING STATEMENTS: All statements other than statements of historical fact included herein, including without limitation statements regarding the Company's financial position, business strategy, and the plans and objectives of the Company's management for future operations, are forward looking statements. When used in this release, words such as "anticipate", "believes", "estimate", "expect", "should", "intend", "projects", "objective," and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company's management, as well as assumptions made by and information currently available to the Company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to, business and economic conditions, ability to raise additional funds, competitive factors and pricing pressures, capacity and supply constraints, and completion of current and anticipated contracts and integration of NNSI NNSI Nonproliferation and National Security Institute with our Company. Such statements reflect the views of the Company with respect to future events and are subject to these and other risks, uncertainties, and assumptions relating to the operations, results of operations, growth strategy and liquidity of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company does not undertake any obligation to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events. NOTE: The abbreviation abbreviation, in writing, arbitrary shortening of a word, usually by cutting off letters from the end, as in U.S. and Gen. (General). Contraction serves the same purpose but is understood strictly to be the shortening of a word by cutting out letters in the middle, of NetWolves' patent-pending product name, Secure Remote Monitoring and Management system, should be read SRM`squared'. |
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