News for 'TLYN' - (Telynx, Inc. Initiates Investor Awareness Program)
SHERMAN OAKS, Calif., Nov 30, 2004 (PRIMEZONE via COMTEX) -- Telynx, Inc.
(Pink
Sheets:TLYN), a provider of network inventory management and provisioning
software solutions to major telecommunications service providers, today
announced the launch of an investor awareness program. This program will
provide
current and potential investors information on the status of the company
and its
progress toward attaining profitability and gaining market share in the
Operations Support Systems (OSS) market.
During the past several months, TLYN has made significant progress towards
attaining profitability by contracting and implementing new clients. The
Company
is well positioned in the OSS market, in particular with respect to the
Inventory Management space supported by the strength of its proprietary
software
products and related services. The Inventory Management Market is valued
at over
$1 billion. TLYN will continue to aggressively pursue this vertical market
while
pushing its way into both the service management and network management
space as
well. The strategy is in line with industry trends and moves TLYN much
closer to
being part of the live network. These two combined spaces make up over 50%
of
the overall OSS market and represent about a $10 billion market growing at
double digit rates over the next five years.
TLYN will be reporting to its shareholders and those interested in the
Company
over the next few months the results of its efforts and accomplishments to
expand its current line of business and also to diversify its business
into
other lucrative markets. Management believes these efforts should enable
TLYN to
reach profitability and significantly strengthen the company's financial
position.
Paul Mataras, CEO of TLYN, stated, "The Investor Awareness program is
designed
to document our efforts and the results of those efforts. Our intention is
to
issue periodic press releases to inform the investing public of our
progress."
In order to disseminate its information, TLYN has retained the services of
a
firm with expertise in market awareness of Pink Sheet and OTC Bulletin
Board
companies.
About Telynx Inc.
Telynx Inc. designs and markets a line of software products and related
services
to telecommunications service providers. Telynx's software is designed to
track
inventory, provide new telecommunications services and provide a tool for
managing network bandwidth. The company's software complies and supports
the
Tele-Management forum, OSS/J, 3GPP and 3GPP2 initiatives for all of its
products. Its mission is to deliver an end-to-end product and solution set
that
directly impacts its customers' cost of providing a wide range of complex
quality services in a timely fashion.
For more information please contact Curt Cramer at (886) 498-9890 or visit
the
Company website at www.telynx.net.
Safe Harbor Statement
This release contains forward-looking statements with respect to the
results of
operations and business of Telynx, Inc., which involves risks and
uncertainties.
The Company's actual future results could materially differ from those
discussed. T he company intends that such statements about the Company's
future
expectations, including future revenues and earnings, and all other
forward
looking statements be subject to the "Safe Harbors" provision of the
Private
Securities Litigation Reform Act of 1995.
SOURCE: Telynx, Inc.
By Staff
CONTACT: XXR Consulting Curt Kramer (866)
498-9890 curtkramer@yahoo.com xxrconsulting@yahoo.com
URL: www.telynx.net
(C) 2004 PRIMEZONE, All rights reserved.
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SUBJECT CODE: SOFTWARE
TELECOMMUNICATIONS
Product Services Announcement
