ATLANTA, Sept. 14 /PRNewswire/ -- Preferred Networks, Inc. (Nasdaq: PFNT)
(PNI), a leading outsourcing services provider to the wireless industry,
announced that Preferred Technical Services, Inc. (PTS), a wholly-owned
subsidiary of PNI, has signed a two-year Construction Service Agreement with
Northern Telecom (Nortel) (NYSE: NT; Toronto) (TSE: NTL). PTS is to install
Nortel equipment for a number of customers who have purchased wireless
networks from Nortel.
Randall Johnson, President of PTS, said "We are very excited to be working
with Nortel. PTS is a national installation and maintenance service provider
and we initially will be focusing our efforts for Nortel in the Southeast.
We believe our engineering expertise in supporting PCS and other wireless
technologies, and our high quality of service and cost-effectiveness as an
outsourcing services provider, make PTS a solid associate for this
initiative." PTS's services will include installation of transmitters,
antennas, and lines and fabrication and installation of ancillary equipment.
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.
Nortel's common shares are listed on the New York, Toronto, Montreal,
Vancouver, and London stock exchanges. Nortel had 1997 revenues of US$15.5
billion and Bay Networks, a wholly owned subsidiary of Nortel, had revenues of
US$2.4 billion during its most recent fiscal year. The combined company's
workforce totals approximately 80,000 employees worldwide.
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 10-Q, and actual results could differ materially from
those anticipated in the forward-looking statements.
SOURCE Preferred Networks, Inc.
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David Sullivan, Director of Corporate
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