ATLANTA, Feb. 28 /PRNewswire/ -- Preferred Networks, Inc.,
(OTC Bulletin Board: PFNT) (PNI), a leading outsourcing services provider to
the wireless industry, today reported that it has received a follow-on order
for its iTerminals(TM). PNI has received a 6-unit order from a company that
previously purchased one of the first iTerminals(TM) to be shipped.
The customer is a facilities-based provider of wireless services in the
Southeastern U.S. that also augments its own network by reselling services on
PNI's networks. The customer intends to deploy the iTerminals(TM) in a number
of markets to expand its points-of presence ("POPs"). By leveraging the
Internet as the transport backbone for messaging traffic, the iTerminal(TM)
allows this operator to expand its market presence into remote POPs that may
have previously been cost prohibitive.
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.
The iTerminal(TM) 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 extremely excited about the
reception the iTerminal(TM) is receiving in the marketplace. We are
particularly pleased with the early performance acceptance and the short cycle
between this customer's first order and the decision to further deploy
iTerminals(TM) in its business. We believe this repeat order is a strong
endorsement of the tremendous value the iTerminal(TM) brings to companies
seeking to expand their market presence and integrate mobile wireless data
with the Internet."
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.pniaccess.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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