ATLANTA, May 13 /PRNewswire/ -- Preferred Networks, Inc.
(OTC Bulletin Board: PFNT) (PNI), a leading outsourcing services provider to
the wireless industry, today announced the release of its paging and voicemail
platform, the "iTerminal-Innovation by PNI(TM)". The iTerminal(TM) is being
marketed by PNI Access Services, a Division of Preferred Networks, Inc.
The iTerminal(TM) is the first product release based on PNI's patented
high speed switching/server product, Platform1(TM). It incorporates certain
features of Platform1 into a standard off-the-shelf PC computer chassis to
provide numeric paging, alphanumeric paging and 280 hours of Raid 1 redundant
voice storage capacity. It provides a direct digital telephone line interface
(T-1) for voice/numeric input and utilizes a proprietary Internet protocol to
efficiently transmit paging data back to PNI's networks. The Company believes
this feature provides users considerable savings over conventional schemes.
Mark Dunaway, CEO of PNI, said, "The iTerminal(TM) significantly reduces
the barriers to entry into the lucrative paging/voicemail marketplace by
providing our Direct Access customers with low upfront capital costs and
efficient recurring operating costs. These customers enjoy the expanded
service options and control from owning their own switch, while benefiting
from open access to reliable PNI messaging networks. The iTerminal(TM)
provides our customers with an alternative to costly, traditional paging
network terminal equipment and is being marketed to Direct Access customers
for less than $10,000."
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
Platform1(TM) and iTerminal(TM) relative to alternative products and their
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 10-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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