ATLANTA, May 12 /PRNewswire/ -- Preferred Networks, Inc.
(OTC Bulletin board: PFNT) (PNI), a leading outsourcing services provider to
the wireless industry, today announced that it has received a Notice of
Allowance from the United States Patent and Trademark Office granting all
15 of its patent claims for its "Intelligent High Speed Switching Matrix."
This technology is known by the trade name "Platform1(TM) - Innovation by
PNI."
Mark Dunaway, CEO of PNI, said, "We are delighted to have been granted all
15 of our patent claims. The Platform1(TM) technology provides the basis for
a series of products and services that we will begin launching during 1999.
Platform1(TM) utilizes the Internet to transport wireless messaging traffic
and provides what we believe is greater flexibility and efficiency in the use
of telco resources required by companies to provide information services.
Products and services to be introduced are planned to include modules to
provide Internet access, voice mail/paging, e-mail notification, text to
speech, and one number access to multiple communication services."
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, technical, and product services. PNI offers its
services through its Access Services Division, a provider of wholesale paging
network services and information services technical support, and through its
wholly owned subsidiaries: Preferred Technical Services, Inc., a provider of
paging network equipment installation, maintenance and engineering services;
and EPS Wireless, Inc., a national provider of paging and cellular product
repair services, sales of new, used and refurbished paging and cellular
products and inventory management services. 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, including those relating to the competitive position and performance of
the Platform relative to alternative products and its expected performance in
the market place are forward-looking statements that are subject to risks and
uncertainties, including those identified in the Company's 1998 Annual Report
on Form 1O-K, and actual results could differ materially from those
anticipated in the forward-looking statements. In particular, the Company
operates in a highly competitive market place 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:
David Sullivan, Vice President of Corporate
Relations of Preferred Networks, Inc., 770-582-3590
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