NetWolves Receives Significant Purchase Order From Major Customer of WolfPac Security Platform as Part of Its Continuing Global VPN Rollout.Business Editors & Technology Writers TAMPA, Fla.--(BUSINESS WIRE)--June 18, 2003 Delivery to Customers' operations throughout Japan to begin in July, with substantial completion scheduled in NetWolves first fiscal quarter NetWolves Corporation (Nasdaq:WOLV) has received a purchase order from its major customer in its technology business for 600 units of its WolfPac(TM) Security Platform as part of its continuing Global 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. Rollout. The units are slated for delivery throughout Japan beginning in July. To date, this is the largest single order received from this customer for its WolfPac(TM) Security Platform. "Our recent investments to grow our sales force have been gaining traction. The team has been actively closing new accounts as well as building upon our existing relationships, which is enabling us to obtain significant orders," said 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. Furthermore, he commented, "Revenue from this order will start to be realized in our first fiscal quarter of 2004." Mr. Groteke concluded, "Deployments such as this place us closer to our milestones of obtaining profitability and expanding our footprint as a 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 company." The WolfPac Security Platforms act as the network gatekeeper In an H.323 IP telephony or video environment, a gatekeeper is a device that manages domains and provides call control. It is used to translate user names into IP addresses, to authenticate users and to manage network resources. that can simplify the task of enabling multi-site firewall protection and VPN functionality while effectively controlling access into and out of a network. The WolfPac Security Platform continuously monitors Internet connectivity while it simultaneously monitors performance levels of the VPN tunnel that passes through the primary WAN interface by conducting scheduled interval tests. If the primary interface fails or the VPN tunnel does not meet established performance criteria, the WolfPac will automatically fail-over to a secondary interface and permit the data to reach its intended destination. The WolfPac Security Platforms have a low-cost of ownership, are easy to use and can be implemented quickly in multiple locations, while providing a secure foundation from which to connect to the Internet. 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), intrusion detection systems This article is about the computing term. For other uses, see Burglar alarm. An intrusion detection system (IDS) generally detects unwanted manipulations of computer systems, mainly through the Internet. (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, Fla., 33634. More information on NetWolves' products can be found at http://www.netwolves.com or by calling toll free at 1-888-638-9658. 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. 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. 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. There is no assurance that this deployment with this major customer will have a material effect on the Company's operations. 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 relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc 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. |
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