Lattice Retains Leading Consulting Firm to Accelerate International Expansion
15 April 2014 - 10:45PM
Marketwired
Lattice Retains Leading Consulting Firm to Accelerate International
Expansion
PENNSAUKEN, NJ--(Marketwired - Apr 15, 2014) - Lattice
Incorporated (OTCQB: LTTC) ("Lattice" or the "Company"), a
cloud-solutions provider of inmate management network systems for
correction facilities, has retained Communications Media Advisors
("CMA"), a boutique consulting firm focused on the
telecommunications, media, and high tech industries, to assist in
the development of a comprehensive international expansion
strategy.
Under the terms of the agreement, CMA will assist Lattice in
identifying the most attractive markets for expansion of the
Company's corrections facility management and communications
technology platform. CMA will also identify potential partners and
licensees who can successfully win business for Lattice in these
international markets. The project is expected to be completed in
the current fiscal quarter.
"We've already established footholds for our technology in
various international markets, including Canada, Europe, and Asia,"
stated Paul Burgess, CEO of Lattice. "With the help of CMA, whose
team brings a wealth of international market experience directly
related to the communications industry, we believe we're
positioning ourselves for significant acceleration in the rollout
of our industry-leading ICON platform globally, further propelling
our revenue and earnings growth."
ICON is Lattice's proprietary integrated communications system
for correctional facilities, offering telephone calls, voicemail,
video visitation, e-mail, text messaging, and social media. The
platform also includes a facility management and accounting package
that enables efficient management of all prison processes,
including telephone calls, commissary purchases, point-of-sale
kiosks, biometrics, booking, incident reporting, and more. ICON's
automated payment processing, billing, and accounting features
reduce administrative overhead for corrections facilities. ICON is
designed to improve efficiency and accountability for correctional
facilities ranging from large multi-facility operators to small
individual facilities.
About Lattice Incorporated
Lattice Incorporated provides advanced information and
communications technology solutions to corrections facilities
globally. The Company's innovative, cost-effective solutions
leverage its proprietary Nexus platform, a real-time transaction
processing engine, to develop and deliver customized cloud-based
software applications with military-grade security for facilities
that require highly secure solutions. For more information, visit
http://www.latticeinc.com.
Safe Harbor Statement
Safe-Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This press release may contain forward-looking
information within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended, including all statements that are
not statements of historical fact regarding the intent, belief or
current expectations of the company, its directors or its officers
with respect to, among other things: (i) the company's financing
plans; (ii) trends affecting the company's financial condition or
results of operations; (iii) the company's growth strategy and
operating strategy; and (iv) the risk factors disclosed in the
Company's periodic reports filed with the SEC. The words "may,"
"would," "will," "expect," "estimate," "anticipate," "believe,"
"intend" and similar expressions and variations thereof are
intended to identify forward-looking statements. Investors are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties, many of which are beyond the company's ability to
control, and that actual results may differ materially from those
projected in the forward-looking statements as a result of various
factors including the risk factors disclosed in the company's Forms
10-K previously filed with the SEC.
Contact: Investor Relations Brendan Hopkins RedChip Companies,
Inc. Tel: +1-800-733-2447, ext. 134 bhopkins@redchip.com
http://www.redchip.com
Lattice (CE) (USOTC:LTTC)
Historical Stock Chart
From Jan 2025 to Feb 2025
Lattice (CE) (USOTC:LTTC)
Historical Stock Chart
From Feb 2024 to Feb 2025