OPCN NEWS >>>> OptiCon (OPCN) Continues Its Inroad Into the Exploding African Telecommunications Marketplace
Company Signs Sales Agreement With Mfumo Networking Solutions of South Africa
ST. PETERSBURG, FL--(MARKET WIRE)--May 5, 2009 -- OptiCon Systems, Inc. (OTC BB:OPCN.OB - News) announced today that the Company has signed an Exclusive Sales Representative Agreement with Mfumo Networking Solutions of South Africa, to sell the OptiCon Fiber Management Software to Government Agencies in South Africa. Mfumo Networking Solutions of South Africa has grown to becoming one of the country's premier IT practices laying thousands of miles of fiber optics cabling for the government and telecommunication companies throughout South Africa. The term of the contract is for 12 months, renewable for additional 12-month periods. The estimated revenue projected from this contract alone throughout its term should add $5M-$10M to our revenue. This revenue projection does not include our other sales agreements effective in South Africa or Africa.
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The growth of fiber network communications in South Africa is at its infant stage. The country has seen double digit growth over the past 2 years in voice and data demand and South Africa is aggressively working on fiber infrastructure to comply with the need for global communications as the country readies for the World Cup Soccer Tournament in 2010. Private investment into South African fiber networks has seen a tremendous increase with the market expected to grow ten-fold over the next 3-5 years. In addition, the national government, major cities and municipalities are committed to expanding fiber optic coverage to governmental office buildings, schools and outlying areas. The Governor of Gauteng province, the largest of South Africa's seven provinces with over 15 million people, announced in a recent speech, the government's commitment to fiber optic connectivity throughout the province.
"This agreement with Mfumo will give OptiCon a major competitive advantage in South Africa and an opportunity to sell its OptiCon Fiber Optic Management System to all government agencies at a time when the government is deploying nationwide fiber optic systems. Mfumo's expertise and knowledge in the South Africa Telecomm market will give OptiCon a distinct market advantage and provide OptiCon the opportunity to introduce our superior software system into South Africa and the African continent. Through this agreement, Government Agencies will have the most cutting-edge fiber optic network management system in the market today," stated Sam Talari, Chairman of OptiCon Systems, Inc.
About OptiCon Systems
OptiCon, through its subsidiary, OptiCon Systems, Inc., provides Wireline, Wireless and fiber optics network management solutions offering proprietary state-of-the-art software, professional services and integrated systems. OptiCon Systems have been in use by companies seeking the best solution in managing their networks for the past 10 years. The company's software solutions automate all aspects of the physical and logical layer management, fault detection and delivery of information. The scalability of the software systems permits the Company to target large communications and telecomm companies servicing millions of global customers to medium-sized companies managing a single facility. Besides OptiCon Network Manager (ONMS), the company will soon offer PowerCon Energy Systems (PES) that is designed to manage large power networks and facilities for power and alternative energy companies globally. The PES/ONMS isolates (power/fiber) cable cuts, breaks, and faults, and service degradation and other power and optical events to within plus or minus five feet of the event, and produces a global positioning system location for the outage to an approximate five foot section of cable.
