Symbiat Sells Computone Hardware Product Line.Business Editors ATLANTA--(BUSINESS WIRE)--May 20, 2003 Symbiat announced today it has sold its legacy hardware product line. Symbiat signed an agreement with Altura XL LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control to sell all of its serial I/O (Input/Output) The transfer of data between the CPU and a peripheral device. Every transfer is an output from one device and an input to another. See PC input/output. I/O - Input/Output hardware technology. The decision to sell the product line was based upon the company's desire to focus its efforts solely on Symbiat's service and support offerings to the marketplace. "The serial I/O based products have been the connectivity products sold by Computone, now Symbiat, for sometime," said Jack Smith, president of Symbiat. "The technology is a stable and proven solution for companies desiring serial connectivity, as well as remote console A terminal or workstation in a remote location that is used to monitor and control a local computer. management. Symbiat has decided to concentrate on the services business and Altura XL has the skill set and the desire to offer the Computone products as a solution for the foreseeable future." "There are a sizeable number of Computone customers who depend upon the availability of the Computone serial I/O products in the solutions they offer. Altura XL will have the capability of serving the needs of these customers into the future," said Keith Daniel, president of Altura XL. The agreement calls for the sale of the entire Computone serial I/O product line and associated technology to Altura XL LLC. The payment terms of the agreement will not be disclosed. Symbiat Symbiat Inc., (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: SYBA) is a provider of technology support and service. Expertise in hardware maintenance, helpdesk support, warranty repair and storage maintenance allows us to provide custom support solutions that meet unique business requirements. As a leader in the IT industry since 1984, Symbiat specializes in support for Sun(R), Linux(R), Hewlett-Packard(R), IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) (R) and Microsoft(R). For further details about Symbiat, visit www.symbiat.com. Altura XL Altura XL LLC is the sole source to obtain all Computone products, including the Computone RAS (1) See network access server. (2) (Remote Access Service) A Windows NT/2000 Server feature that allows remote users access to the network from their Windows laptops or desktops via modem. See RRAS and network access server. 2000 and IntelliPort II EX. Altura XL will continue to manufacture, sell and support these products into the future. Altura XL provides intelligent servers for secure remote network management, secure E-commerce, and remote access communication. For additional information about Computone products, contact Charlie Fisher at 770-569-8611 or by e-mail at info@alturaxl.com. For further details about Altura XL, visit www.alturaxl.com. This press release contains certain forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The statements are 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. With the exception of historical information contained herein, the matters discussed in this press release involve a number of risks and uncertainties, many of which are beyond the control of the company. Actual results could differ materially from those expressed in any forward-looking statement. SYMA SYMA Symmetrix Agent disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. All trademarks are properties of their respective owners. |
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