ATLANTA, Aug. 19 /PRNewswire/ -- Preferred Networks, Inc. (Nasdaq: PFNT)
(PNI), a leading outsourcing services provider to the wireless industry,
announced that its Network Services Division has signed agreements with the
Farmer Jack's food store chain, with over 75 stores in the Detroit area, and
with Goldblatt's, with ten department stores in the Chicago area, to provide
caller pays paging services. Farmer Jack's and Goldblatt's will market
"Priceless Page" pagers to their customers who will receive paging service
with no monthly bill and no service contract. With caller pays service, the
caller rather than the owner of the pager is charged a flat fee for each page.
Gary E. Park, President of PNI's Network Services Division, said,
"The caller pays concept is a widely-used service in Europe and is gaining
popularity in the U.S, markets. Because PNI does not compete with our
customers for subscribers, we believe we are an ideal provider of caller pays
network services for companies that market directly to consumers."
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 Network Services Division, a provider of wholesale paging
network services and one of the largest carrier's carriers in the U.S., and
through its wholly-owned subsidiaries: Preferred Technical Services, Inc., a
provider of paging network equipment installation, maintenance and engineering
services; 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, 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 1997 Annual Report on Form 10-K
and in its June 30, 1998 Quarterly Report on Form 10-Q, and actual results
could differ materially from those anticipated in the forward-looking
statements.
SOURCE Preferred Networks, Inc.
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Related links:
http://www.pni.net
Company News On-Call: http://www.prnewswire.com or
fax, 800-758-5804, ext. 109794
CONTACT:
David Sullivan, Director of Corporate
Relations, Preferred Networks, Inc., 770-582-3507
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