ATLANTA, Jan. 18 /PRNewswire/ -- Preferred Networks, Inc. (PNI)
(OTC Bulletin Board: PFNT), a leading outsourcing services provider to the
wireless industry, today reported that it has shipped units of its
iTerminal(TM) product that leverages the Internet as the transport backbone
for wireless messaging traffic. The iTerminal(TM) is the first in a suite of
products that incorporates certain features of PNI's patented Platform1(TM)
high-speed switch modules, which was introduced at the PCS Showcase in New
Orleans in September 1999.
PNI's iTerminal(TM) product allows operators to provide paging, voice
messaging and email notification from a standard PC-based chassis with HTML
(web browser) screens. The iTerminal(TM) can be located in most standard
business offices and the actual messaging traffic is passed over the Internet
using proprietary software that embeds the paging protocol (TNPP) data into
Internet protocol packets.
Mark Dunaway, CEO of PNI, said, "We are very excited about the reception
the iTerminal(TM) product is receiving in the marketplace. The iTerminal(TM)
is a low-cost, feature-rich operating system that allows operators to offer
switched-based services with significantly reduced entry costs. The iTerminal
is our first in a family of products that we believe are well positioned to
facilitate a convergence of mobile wireless data services with the Internet."
PNI is initially marketing the iTerminal(TM) to its existing customer base
and has also begun to accept orders from companies that did not previously
purchase services from PNI.
Preferred Networks, Inc., headquartered in metropolitan Atlanta, provides
outsourcing solutions to the wireless industry, which allow companies to offer
branded wireless services directly to subscribers, while relying on PNI to
provide high-quality network services and technology gateway products. PNI
offers its services through its PNI Access Services Division(SM). PNI's
address on the World Wide Web is: http://www.pni.net .
Safe Harbor Statement Under the Private Securities Litigation Reform Act
of 1995:
The statements contained in this release which are not historical facts,
such as those concerning future financial performance and growth, are
forward-looking statements that are subject to risks and uncertainties,
including those identified in the Company's 1998 Annual Report on Form 10-K
and Quarterly 10-Q filings, and actual results could differ materially from
those anticipated in the forwarding-looking statements. In particular,
statements relating to the competitive position and performance of
Platform1(TM) and iTerminal(TM) and their expected performance in the market
place are forward-looking statements that are subject to risks and
uncertainties. The Company operates in a highly competitive marketplace and
new product developments by competitors can occur at any time, thereby
diminishing the attractiveness of the Company's products. Also, there can be
no assurance that the marketplace will find the price and functionality of the
Company's products attractive, which also can adversely affect product sales.
SOURCE Preferred Networks, Inc.
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Related links:
http://www.pni.net
Company News On-Call:
http://www.prnewswire.com/comp/109794.html or fax,
800-758-5804, ext. 109794
CONTACT:
Kathryn Loev Putnam, Senior Vice President
and Chief Financial Officer of Preferred Networks, Inc.,
770-582-3507
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