MAHWAH, N.J., August 18, 2003 (PRIMEZONE) -- Communications Research, INC. (Pink Sheets:CRHI) has announced they have come to terms on a strategic alliance with TBS Network Intelligence, Inc., Rochelle Park, New Jersey, to continue and further expand their working relationship in responding to business opportunities for systems, services or technology products. The companies have identified select business opportunities and, by pooling their resources, are working on closing a number of multimillion dollar orders for digital video communications, visual surveillance and security related system projects.
Communications Research in the partnership will provide design, project management, and video, audio and visual surveillance components, while TBS-Network Intelligence will be providing consulting, technical support and Digital IP Video and Data Network, video SAN server and computer based monitoring equipment on the projects.
This news release contains forward-looking statements regarding CRI's business strategies and future plans of operations. Forward-looking statements involve known and unknown risk and uncertainties. The company's risks and uncertainties include: intense price competition, economic, political and regulatory uncertainties, the need to raise additional capital for growth and expansion and its reliance on the internet as a means for promoting the software it sublicenses. The forward-looking statements contained in this news release speak only as of the date hereof and CRI disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in CRI's expectations or future events.