Network Installation Awarded $350,000 VoIP Project; Largest in Company History
6 June 2005
Network Installation Corp. (OTC Bulletin Board: NWKI - News) today announced that it was awarded a VoIP (Voice over Internet Protocol) project valued at over $350,000, making it the single largest VoIP project in the Company's history. The project entails the installation and deployment of Mitel's VoIP solution for online auction and ecommerce solution provider NeWave Inc., based in Long Beach, CA.
NeWave CEO Michael Hill stated, "Network Installation made the clear case to us why the Mitel VoIP solution was not an option but a necessity given the growth and needs of our company. We anticipate that the VoIP system will save us approximately $15,000 per month in telephone charges, effective paying for itself within 24 months."
Network Installation CEO Jeffrey R. Hultman stated, "This is a tremendous milestone for Network Installation. We have made wireless solutions and internet telephony the cornerstone of our future and believe the recent strategic steps we have taken towards that effort are beginning to pay off. We believe strictly from a cost-benefit perspective, VoIP solutions are becoming too difficult to ignore. This factor alone provides us with significant opportunities for substantial growth and a very positive outlook over the next several years."
According to online technology research firm IDC, worldwide sales of IP telephony equipment sales alone will grow by more than 50% this year and next, reaching $11.4 billion in 2006, and $15.1 billion in 2007.
About Network Installation
Network Installation Corp. provides communications solutions to the Fortune 1000, Government Agencies, Municipalities, K-12 and Universities and Multiple Property Owners. These solutions include the design, installation and deployment of data, voice and video networks as well as wireless networks including Wi-Fi applications and integrated telecommunications solutions including Voice over Internet Protocol (VoIP) applications. To find out more about Network Installation Corp. (OTC Bulletin Board: NWKI - News), visit our corporate website at www.networkinstallationcorp.net. The Company's public financial information and filings can be viewed at www.sec.gov.
Forward Looking Statements
This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of wireless networks or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.
For further information, please contact: Michael Novielli, Chairman, Network Installation Corp., mnovielli@networkinstallationcorp.net, ph (845) 575-6770.
--------------------------------------------------------------------------------
Source: Network Installation Corp.
Source: PR Newswire
All trademarks and copyrighted information contained herein are the property of their respective owners.
Related Articles
|
