Synergetic Technologies Inc. Announces Its Subsidiary, Advent Systems, Has Signed an Exclusive Agreement with the Utah School Boards Association.SALT LAKE CITY -- Synergetic synergetic /syn·er·get·ic/ (sin?er-jet´ik) synergic. syn·er·get·ic adj. Synergistic. Technologies Inc. (Pink Sheets: SYGG), a provider of digital video security and ad insertion technology, announced today that Advent Systems Inc., its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , has signed an exclusive master contract with the Utah School Boards Association. At its recent board meeting in St. George, the USBA USBA United States Basketball Academy USBA United States Boomerang Association USBA United States Boxing Association USBA Uniformed Services Benefit Association USBA United States Biathlon Association USBA Utah School Boards Association board of directors voted unanimously to include security systems for both buses and buildings in its member services for local districts. The USBA has been working in conjunction with Advent Systems in contacting all district and school administrators about this master contract. Advent will work with each school and school district in the state of Utah to provide a cutting-edge video surveillance system. Advent has begun installation of its surveillance system to a number of Utah schools due to this agreement with the USBA. A number of high schools and junior highs are now using Advent's Digital Video Recorder See DVR. and Cameras for their buildings as well as mobile systems developed for school buses. Advent's deal is with 40 school districts and more than 500 schools to provide its technology for their local school and school buses. Doug Reed, president of Advent, said, "This is a great contract for both Advent and the USBA. It will ensure that students at school and on the bus will be protected through the use of Advent's advanced surveillance technology. As we have finished each project the principals of the individual schools have been ecstatic about the new systems that have been installed." J. Michael Heil, 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 Synergetic Technologies Inc., said, "Advent is making tremendous inroads inroads Noun, pl make inroads into to start affecting or reducing: my gambling has made great inroads into my savings inroads npl to make inroads into [+ as the provider of choice for corporate and government contracts and now this deal with the Utah School Boards Association springboards us into the education systems with solid revenues for the sales, installation and service of systems in several hundred schools." About Synergetic Technologies Inc. Synergetic Technologies Inc. is a provider of digital video systems for online IP video surveillance and video streaming services for cable and satellite. For additional information, please visit www.stockinformationsystems.com/c/sygg/index.html. 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: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. |
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