Watch Ezen

saad2004

day trading
التسجيل
2 أكتوبر 2003
المشاركات
1,052
This one had a nice piece of news today announcing a contract with
the government (see below). It went as high as .63 on news and has
pulled back to the low to mid .4's now. There is a lot more
potential in this one to run more this afternoon and tomorrow.
@ bought on the pullback @.43
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BURLINGTON, Mass., Apr 6, 2004 /PRNewswire-FirstCall via COMTEX/ --
Ezenia! Inc., a leading market provider of real-time collaboration
solutions for corporate and government networks and eBusiness,
announced today that the United States Government has awarded the
Company an NRE (Non-Recurring Engineering) development contract,
which will enhance and add key features to the InfoWorkSpace product
line. This project builds upon the strength of the security
attributes of InfoWorkSpace to increase its security rating and
certification from Protection Level 2 (PL2) to Protection Level 3
(PL3). The new and improved InfoWorkSpace, with PL3 security
enhancements and additional features, will facilitate cross-domain
collaboration in a multi-level security environment, providing the
most advanced set of online capabilities on the market today. The
final version of the contract was approved, signed, and awarded in
the Fall of 2003, and work to provide these enhancements is well
underway.

"InfoWorkSpace has been successfully utilized in the US military's
fight to combat terrorism around the globe. With its proven
functionality, cost effectiveness, stability, scalability, and most
importantly, security, InfoWorkSpace was well suited to win this
government contract as well," said Michael LeJeune, Director of
Sales, Marketing, and Business Development for Ezenia! Inc. "Ezenia
is proud to be selected as the recipient of this request to provide
a vital component of collaboration technology in our nation's
campaign to combat terrorism and strengthen our homeland security.
We are truly honored to receive such a significant investment and
endorsement from the U.S. Government. We believe these product
enhancements are just as important for potential customers outside
of the Federal market, so the benefits of this award are consistent
with our ongoing move to pursue opportunities for InfoWorkSpace in
the commercial marketplace in the near future."

The first two major phases of this project were recently delivered
to the U.S. Government as a part of InfoWorkSpace Version 2.5.1.1,
which has already been certified as a JITC-approved interoperable
enhancement. It is also expected that InfoWorkSpace Version 3.0, the
next major software release targeted this spring, will include such
PL3 security enhancements. This NRE development contract, with a
total award value of approximately $2.1M, concludes with a final
deliverable later in 2004. Under US Generally Accepted Accounting
Principles (GAAP), the Company will account for amounts earned under
this award as revenues from customer services, with any related
costs to complete the work as a direct cost of these services. The
Company believes that these development enhancements will prove
beneficial in positioning InfoWorkSpace as a viable alternative for
other enterprise-wide deployments of collaborative software within
various organizations of the U.S. Government, as well as other
potential commercial applications noted above.

About Ezenia! Inc.

Ezenia! Inc. (EZEN, Trade), founded in 1991, is a leading provider
of real-time collaboration solutions, bringing new and valuable
levels of interaction and collaboration to corporate networks and
the Internet. By integrating voice, video and data collaboration,
the Company's award-winning products enable groups to interact
through a natural meeting experience regardless of geographic
distance. Ezenia! products allow dispersed groups to work together
in real-time using powerful capabilities such as instant messaging,
white boarding, screen sharing and text chat. The ability to discuss
projects, share information and modify documents allows users to
significantly improve team communication and accelerate the decision-
making process. More information about Ezenia! Inc. and its product
offerings can be found at the company's Web site,
http://www.ezenia.com/.

Note to Investors

Statements included herein that are not historical facts include
forward- looking statements. Such forward-looking statements involve
risks and uncertainties that could cause actual operating results to
differ from those indicated by such forward-looking statements.
These risks and uncertainties include the considerations that are
discussed in the Management's Discussion and Analysis section of the
Company's 2003 Annual Report on Form 10-K for the year ended
December 31, 2003, such as the evolution of Ezenia!'s market, its
dependence on major customers, rapid technological change and
competition within the collaborative software market, its reliance
on third party technology, protection of its propriety technology,
its history of liquidity concerns and operating losses, and other
considerations that are discussed further in this report. Copies of
the Company's 2003 Annual Report on Form 10-K for the year ended
December 31, 2003, or other publicly available financial
information, may be received at no charge by contacting Investor
Relations at Ezenia!.

Note: Ezenia! is a registered trademark, and the Ezenia! Logo,
Encounter, InfoWorkSpace and LaunchPad are trademarks of Ezenia!
Inc. Additional information on Ezenia! and its products are
available at http://www.ezenia.com/. All other trademarks are
property of their respective companies.



Contact:
Ezenia! Inc.
Investor Relations
(781) 505-2100
investorrelations@ezenia.com

SOURCE Ezenia! Inc.


Investor Relations of Ezenia! Inc., +1-781-505-2100,
investorrelations@ezenia.com

http://www.ezenia.com
 
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