TLYN news out, called it and bought on friday.SHERMAN OAKS, Calif., Jan. 12, 2005 (PRIMEZONE) -- Telynx, Inc. (Other OTC:TLYN.PK - News), a provider of network inventory management and provisioning software solutions to major telecommunications service providers, today announced that it has started an ambitious effort to develop the most flexible and intelligent Inventory Management and Provisioning Software in the market today. The new product, which is an enhanced version of TLYN's flagship netRunner software, will exceed the current market requirements. The new product will comply with the OSS/J initiative and 3GPP & 3GPP2 standard, and also be in compliance with the NGOSS/e-TOM Industry Standards as published by the TeleManagement Forum.
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This Inventory Management Software is the core of the Telynx product family. The system allows the user to keep track of the network inventory and automatically configure the inventory based on the equipment connected to the networks. In addition, the software's functions include asset management; cost management; and many other features that will be disclosed in the near future.
The new Telynx system is designed to accommodate the needs of a very large Telecommunications company as well as a very small wireless operator, ISP or Cable Operator. The user determines how much information they would like to maintain on their network and the Telynx software effectively manages it. The product will be available in multiple languages based on the location and preference of the user.
CEO Paul Mataras stated: ``We are confident that this new software will be a market leader in the $3 billion Inventory Management space. We expect that its development will be completed by the second quarter of 2005 and that it will positively impact the Company's revenue and profit levels for the current fiscal year. We will keep shareholders updated on a timely basis of any significant progress made in this development effort.''
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