eLinear Solutions Wins New Projects Totaling Nearly $1 Million
10 April 2006 - 10:30PM
Business Wire
eLinear, Inc. (AMEX:ELU) announced today that it and its wholly
owned subsidiary, eLinear Solutions, have recently been awarded two
new significant projects. The first is a more than $500,000 new IP
Telephony project at a single location for one of the largest
global providers of services for the oil and gas drilling and
production sectors. This company operates in over 100 countries and
employs more than 25,000 people worldwide. The second project is a
$400,000 wireless solution for one of the leading law firms in the
United States. The revenue from these projects will be recognized
in second fiscal quarter of 2006. Michael J. Lewis, President &
Chief Executive Officer of eLinear, stated, "2006 is tracking well.
Both the size and importance of our deals continues to grow with
our blue chip customer base. These recent wins, along with a
healthy pipeline outlook both in the US and internationally and our
continuing progress with the SEC and American Stock Exchange,
provide an exciting time for us as a company. Management is pleased
with eLinear's prospects and we continue driving to deliver our
best efforts to shareholders with the aim of generating superior
performance." About eLinear, Inc. eLinear, Inc. is a
communications, security and compliance company providing
integrated technology solutions including information and physical
security, IP Telephony and network and storage solutions
infrastructure. Typically, the company's customers are Fortune 2000
and small to medium sized business organizations. eLinear's
services are offered to companies seeking to increase productivity
or reduce costs through investing in technology. eLinear has a
national and international footprint and has its headquarters in
Houston, Texas. For more information, see http://www.elinear.com.
Safe Harbor Statement This press release contains statements that
may constitute forward-looking statements, including the company's
ability to realize the projected revenues from the newly announced
project orders and the future strength of the company's business
and industry. These statements are based on current expectations
and assumptions and involve a number of uncertainties and risks
that could cause actual results to differ materially from those
currently expected. For additional information about eLinear please
visit www.elinear.com or www.sec.gov. eLinear undertakes no
obligation to update any forward-looking statement that may be made
from time to time by or on behalf of the company, whether as a
result of new information, future events or otherwise.
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