| |
Wednesday December 10,
5:30 am ET
Press Release
DataLogic Consulting Receives VoIP Video
Conferencing Application Development Contracts
IRVINE, Calif., Dec. 10 /PRNewswire-FirstCall/
-- DataLogic International, Inc. (OTC Bulletin Board: DLGI
- news;
Berlin Stock Exchange: 779612)
today announced that it has signed two VoIP Video Conferencing
application development contracts with Epic Financial Corp. (OTC
Bulletin Board: EPFL)
and Paramco Financial Group (OTC Bulletin Board: PFDE).
The contracts call for DataLogic to perform
research and development, consulting, software programming, developing
and licensing the mortgage-industry specific VoIP Video Conferencing
application. Combined, the new contracts will bring Datalogic
an additional $200,000 in future revenues.
Once development is complete, Paramco Financial
and Epic Financial plan to deploy the system to their respective
mortgage business subsidiaries, such as Epic’s Key Mortgage Corp.,
and Paramco’s Royal Federal, Inc. The proprietary system will
allow mortgage customers, bankers, loan underwriters, and mortgage
vendors to communicate “virtually” face-to-face through the video
conferencing system.
"The signing of these two contracts came
at the most significant time in our VoIP business. Together with
our IP-Phones and upcoming Video Conferencing application development,
we’re set to get in on the ground floor of the fast growing Video
Conferencing market. Once the application has been developed,
it will be transferable and marketable to other commercial applications
as well,” commented Derek Nguyen, Chairman and CEO, DataLogic
International, Inc.
About DataLogic International Inc.
DataLogic International, Inc. consists
of two subsidiaries, DataLogic Consulting, Inc. and IPN Communications,
Inc. DataLogic Consulting, a wholly- owned subsidiary, is a professional
service company dedicated to solving its clients' business problems
with technology-based solutions. The Company services include
Information Technology consultancy, project management, software
development, Internet solutions, telecommunications/wireless integration,
value added reselling/training and IT outsourcing. The Company
also provides short and long term staffing solutions to IT clients
and healthcare/medical providers. The Company clients consist
of commercial enterprises and local and state governments.
Among the industries that DataLogic serves
include Communications, Energy, Financial, Government, Healthcare,
Manufacturing, Retail and Transportation. A partial list of the
Company's current and previous clients include Alcon Labs, Amgen,
Boeing, Compaq Computer, Cisco Systems, City of Houston, Commonwealth
of Virginia, FDNY, FedEx, IBM Corp., International Paper, Kiboga
Systems, Orange County Transportation Authority (OCTA), PacifiCare/RX
Solutions, Phillips Petroleum, Prudential Healthcare, State of
North Carolina, State of Rhode Island, SAS Institute and Sun Microsystems.
IPN Communications, Inc, a majority-owned
subsidiary, is a provider of voice over Internet protocol (VoIP)
telephony product and services. The company target markets are
consumers and business users worldwide who seek to reduce communication
costs. IPN product suite includes USB and Ethernet based VoIP
phones and turn key servers that support in-network VoIP calling
and VoIP to public-switch telephone network (PSTN). For more information
on IPN Communications, Inc., go to www.ipncom.com.
For more information on DataLogic International,
Inc., go to www.dlgi.com or contact Investor Relations at ir@dlgi.com
or (888) 530-8228.
About Epic Financial Corporation
Epic Financial Corporation (OTC BB: EPFL)
is a financial services and technology holding company focused
on acquiring and investing in established and high-growth financial
services enterprises and technology companies in the Internet,
software, and technology infrastructure fields. The Company currently
has two wholly-owned subsidiaries, American National Mortgage
and Key Mortgage Corporation, and is in the process of acquiring
Mission Equity. For further information please visit our website
at www.4epic.com.
About Paramco Financial Group
Paramco Financial Group (OTC BB: PFDE),
founded in 1996, is a financial services holding company that
specializes in the development and placement of commercial equipment
leasing transactions and in assisting its clients with their capital
formation needs. In 2001, Paramco began a major vertical expansion
effort to enter into the residential and commercial mortgage industry,
the mortgage warehouse lending business and the business of real
estate investments through Paramco Mortgage Corporation and Paramco
Investments, Inc. Paramco Mortgage Corporation intends to be involved
in residential and commercial mortgage financing. It is further
intended that Paramco Investments will be structured to meet the
statutory requirements for qualification as a REIT and be involved
in both the ownership and finance of real estate. For further
information about Paramco Financial Group, Inc., please visit
www.paramco.net.
This release contains forward-looking statements
within the meaning of Section 27a of the Securities Act of 1933,
as amended and section 21e of the Securities and Exchange Act
of 1934, as amended. Those statements include the intent, belief
or current expectations of the company and its management team.
Prospective investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties, and that actual results may differ materially
from those projected in the forward-looking statements as a result
of various factors. Accomplishing the strategy described herein
is significantly dependent upon numerous factors, many that are
not in management's control. Some of these factors include the
ability of the company to raise sufficient capital, attract qualified
management, attract new customers and effectively compete against
similar companies.
SOURCE: DataLogic International Inc.
|
|
