OPCN late news yest ** OptiCon (OPCN) Continues Establishing Its Marketing Team in the South Africa Marketplace
Thursday 05/07/2009 4:06 PM ET - Market Wire
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As of 12:00 AM ET 5/7/09
OptiCon Systems, Inc. (OTCBB: OPCN) announced today that the Company has signed a non-exclusive Sales Representative Agreement with Cheryl Jacobs of South Africa, to sell the OptiCon Fiber Management Software to local telecommunications and private companies in South Africa.
Although the growth of fiber network communications in South Africa is in an infant stage, the country has been 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 continues to expand their foothold into the South African fiber networks, and is expected to see a substantial increase with the market expected to grow ten-fold over the next 3-5 years. In addition to local and foreign companies, the national government, major cities and municipalities are committed to expanding fiber optic coverage to governmental office buildings, schools and outlying areas.
"This agreement with Ms. Jacobs brings excellent experience in the industry and depth to the OptiCon Marketing Team in South Africa provides an additional opportunity to sell its OptiCon Fiber Optic Management System to local telecommunications companies and to private telecommunication companies and private users at a time when the country is in the process of expanding its fiber systems. Ms. Jacobs' expertise and knowledge in the telecommunication industry and specifically working with fiber optic cabling companies in South Africa, give OptiCon a distinct market advantage and provide OptiCon the opportunity to introduce our superior software system into the country. We may also have more news about our efforts in SA and India in coming days," 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 telecom 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.
For more information, please visit www.opticonsystemsinc.com.
Forward-Looking Statements
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.
Media Contact:
OptiCon Systems, Inc.
investors@opticonsystemsinc.com
