eLinear, Inc. Subsidiary Enters into Contract with a $100 Million Purchasing Cooperative.Business Editors/High-Tech Writers HOUSTON--(BUSINESS WIRE)--Oct. 15, 2003 eLinear, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : ELIN ELIN Exhibit Line Item Number ELIN Equipment Line Item Number ELIN Emergency Location Information Number ) announced today that 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. , NetView Technologies, Inc., has been awarded a contract by The Cooperative Purchasing Network (TCPN TCPN Time Constraint Petri Net ). TCPN is a cooperative purchasing program that is available for use by all public and private schools, colleges, universities, cities, counties and other government entities in the State of Texas and currently has in excess of 800 entities in its network. Kevan Casey, 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 eLinear, Inc., stated, "This is a tremendous win for our company and I believe this contract will add substantial revenue and allow us access to many institutions that we previously would not have been able to reach. This contract allows us to obtain project orders with these government entities by bypassing the required bidding process, which is a tremendous advantage in obtaining this new business." eLinear recently announced the acquisition of NewBridge Technologies, Inc., a provider of communications deployment. NewBridge is a digital provider of voice, data, video and 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 to residential and commercial developments. These services will be provided over a fiber or wireless infrastructure and NewBridge has projected revenue for fiscal 2003 of $1,100,000. eLinear has previously announced the landing of other projects with combined projected revenue in excess of $1,975,000. About The Cooperative Purchasing Network The Texas Cooperative Purchasing Network recently changed its name and is now operating as The Cooperative Purchasing Network (TCPN). The name change was in large part prompted by the new partnership formed between TCPN and the Yavapai County Service Agency in Arizona. TCPN will be offering its contracts to school districts within the Yavapai County area in Arizona. As for a brief descriptive of the program: The Cooperative Purchasing Network is available for use by all public and private schools, colleges, universities, cities, counties and other government entities in the State of Texas. For more information about the TCPN program, please call toll-free 888-884-7695 or visit the TCPN web site at http://www.tcpn.org. About eLinear, Inc. eLinear, Inc. is a technology consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" firm providing strategic consulting solutions, creative web site design, web site content management software, and technical project management and development services to companies seeking to increase productivity or reduce costs through investing in technology. NetView Technologies, Inc., a subsidiary of eLinear, is a proven information technology solutions provider for the commercial and institutional market. eLinear and its subsidiaries, NetView Technologies and NewBridge Technologies, is projecting revenue for fiscal 2003 in excess of $12 million. eLinear has a customer base that includes small, medium and large corporate and institutional customers primarily in Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and 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. Statement This press release contains statements that may constitute 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. . These statements are based on current expectations and assumptions and involve a number of uncertainties and risks that could cause actual results to differ materially from those currently expected. For additional information about eLinear's future business and financial results, refer to eLinear's Annual Report on Form 10-KSB for the year ended December 31, 2002, and its Quarterly Report on Form 10-QSB/A for the quarter ended June 30, 2003. eLinear undertakes no obligation to update any forward-looking statement that may be made from time to time by or on behalf of the company, whether as a result of new information, future events or otherwise. |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion