Tecmar Enhances Customer Value of Ditto Max Pro Family With 15 Percent Price Cuts.Business Editors LONGMONT, Colo.--(BUSINESS WIRE)--July 24, 2000 Tecmar Inc., an Overland o·ver·land adj. Accomplished, traversing, or passing over the land instead of the ocean: an overland journey; an overland route. adv. Data Inc. company (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 : OVRL), today announced across-the- board 15% price reductions on its Ditto Max(TM)Professional line of desktop tape backup Using magnetic tape for storing duplicate copies of hard disk files. Users can add an internal or external tape drive to their desktop computers for backup purposes, and files are typically copied to the tapes using a backup utility that updates on a periodic schedule. solutions. The price cuts, which are effective immediately, cover both internal and external models of the Ditto Max Pro, a 10 GB backup solution for desktop system backup applications. The price of the internal unit is now $169, down from $199, while the external model now carries a list price of $209, reduced from $249. Tecmar's new lower pricing includes the drive, necessary cabling, and Ditto Tools software which enables one button backups as well as scheduled, unattended backups. Bundled packages containing a tape cartridge See cartridge. and additional utility software are also available at $25.00 for internal and external models in the Ditto Max Pro Pack. Tecmar's Ditto Max Pro drives have carved carve v. carved, carv·ing, carves v.tr. 1. a. To divide into pieces by cutting; slice: carved a roast. b. out a position as one of the most popular storage solutions for desktop applications based on a proven record of reliability, ease of use and value. The Ditto Tools software provides simple one-button backup, restore and copy operations for Windows 95, 98 and NT. Other backup solutions often involve hours of inserting disk after disk into the PC. Ditto Max users can easily set the Ditto Tools software to run attended and automatically initiate a system backup while they are away from the office to minimize the impact of the backup process. The value-priced, high reliability Ditto Max Pro is the perfect data security solution for desktop environments, delivering full system protection, including the registry and personality profiles and application settings for all installed programs. This Ditto Max Pro feature eliminates the hours of re-installing and re-configuring a system in the event of a virus attack or hard disk crash, a capability not offered with standard file backup applications. With the new round of price cuts, the Ditto Max Pro is now an even more attractive value for high-capacity desktop backup. Ditto Max Pro users can backup or archive 10 GB of data on a single, low-cost Ditto tape cartridge. Archiving the same level of capacity as one Ditto cartridge (1) See phono cartridge. (2) A removable storage module that contains magnetic disks, optical discs, magnetic tape or memory chips. Cartridges are inserted into slots in the drive, printer or computer. with alternative 100 MB non-tape backup products would require the purchase of up to 100 pieces of media at a cost of around $10 each. All Ditto drives A family of QIC-based backup tape drives originally from Iomega. The earlier Easy 800 and Easy 3200 were Travan TR1 and TR3 drives with 400MB and 1.6GB native capacity. The subsequent 2GB and 3. are available in stock at a variety of retail stores and on-line merchants. Ditto drives are also available at the Tecmar web site store at www.tecmar.com, along with media and accessories. Other Tecmar models of tape backup solutions, including Travan and DDS (1) (Digital Data Storage) See DAT. (2) (Data Dictionary System) See QuickBuild and OpenDDS. (3) (Dataphone Digital S drives, can also be purchased at the online store. About Tecmar Tecmar, an Overland Data company, is a developer and manufacturer of entry level, high performance tape storage solutions designed specifically for workstation and networking environments. Our primary product lines include tape drives, tape backup solutions (tape drives bundled with software) and tape media. Tecmar products are sold worldwide to OEMs, distributors, and value added resellers See VAR. (company) value added reseller - (VAR, or "value added retailer") A company which sells something (e.g. computers) made by another company (an OEM) with extra components added (e.g. specialist software). and include Ditto Max Professional, Tecmar Travan NS (Network Series) drives, Office Backup and WangDAT(R) DDS tape drives and QualityTape(TM), a comprehensive line of Ditto Max, DDS and Travan media. Except for the factual statements made herein, the information contained in this press release consists of 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. that involve risks, uncertainties and assumptions that are difficult to predict. Words and expressions reflecting optimism and satisfaction with current prospects, as well as words such as "believe," "intends," "expects," "plans," "anticipates," and variations thereof, identify forward-looking statements, but their absence does not mean that a statement is not forward-looking. Such forward-looking statements are not guarantees of performance, and the Company's actual results could differ materially from those contained in such statements. Factors that could cause or contribute to such differences include unexpected shortages of critical components, rescheduling or cancellation of customer orders, loss of a major customer, the timing and market acceptance of new product introductions by the Company and its competitors, general competition and price pressures in the marketplace, and the Company's ability to control costs and expenses. Reference is also made to other factors set forth in the Company's filings with the Securities and Exchange Commission including the "Risk Factors," "Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial " and other sections of the Company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the most recently completed fiscal year. These forward-looking statements speak only as of the date of this release, and the Company undertakes no obligation to publicly update any forward-looking statements to reflect new information, events or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or after the date of this release. |
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