BI SAYS: "NOT OUR SYSTEM"
BI SAYS: "NOT OUR SYSTEM" BOULDER, Colo., April 15 /PRNewswire/ -- BI Inc.
(NASDAQ/NMS: BIAC), the nation's leading provider of electronic monitoring home detention products and services for the corrections industry, today announced that it has received many inquiries after television news stories appeared relative to failures of a competitive electronic monitoring system in New Jersey. BI has clarified that the system failures relate to another company's product and in no way involve BI, its product nor its services.
BI currently has over 70 percent domestic market share, and 95 percent international market share in the home detention market, and the company's management believes that a major contributing reason for this market share is the superiority of BI's system security features, including tamper sensitive technology. David J. Hunter, BI's president and CEO, commented: "Our company has invested millions of dollars and years of time to develop state- of-the-art security and product quality, because the corrections market requires it. Anything less can result in serious consequences. BI's commitment to produce excellence is strongly complemented by advanced customer service and training functions to assure the highest performance possible in the application of BI's home detention products. We want to reassure BI customers that the probability of similar failures occurring with the BI system is extremely remote. Our customers may have paid a bit more for our level of security, quality, and service, and I believe they now realize the reasons that they did." -0- 4/15/92 /CONTACT: Joanna Manley of BI, 303-530-2911/ (BIAC) CO: BI Inc. ST: Colorado IN: CPR SU:
MC -- DV002 -- 8534 04/15/92 09:32 EDT
|Printer friendly Cite/link Email Feedback|
|Date:||Apr 15, 1992|
|Previous Article:||EQUITEX REPORTS 1991 YEAR END FINANCIAL RESULTS; TOTAL ASSETS INCREASE 65 PERCENT AND NET ASSETS INCREASE 78 PERCENT OVER 1990|
|Next Article:||ARCTIC ALASKA FISHERIES RESPONDS TO NTSB FINDINGS ON VESSEL SINKING|