IRVINE, Calif., Nov. 14, 2003 (PRIMEZONE) -- Network Installation Corp. (OTCBB:NWIS) announced today that it has been awarded a one-year contract from the Escondido Union School District (EUSD) to provide IT services to the district's 19 facilities.
Under terms of the contract, Network Installation is to provide voice, video and data services as well as consulting services regarding additional wireless networking solutions. The contract was bid at $350,000 over the duration of the contract, although the value could exceed that depending on the level of additional services provided. EUSD also retains an option to extend the agreement for an additional two years.
"We are extremely pleased to have been awarded this contract from the Escondido Union School District," stated Network Installation CEO Michael Cummings. "K-12 continues to be a solid growth market for us, which we expect will continue given the current trends," he added.
According to The Consortium for School Networking (CoSN), a national nonprofit organization that promotes the use of information technologies and the Internet in K-12 education, in a recent survey conducted by the Peak Group, in association with the AEL Federal Lab, a random sampling of schools across the U.S. were asked about their plans in this arena. An overwhelming 62% of respondents indicated they are currently implementing some form of wireless technology in their schools and school districts.
About Network Installation
Network Installation Corp., is a total IT solutions provider which designs, project manages and implements the infrastructure for the transmission of data, voice and video through traditional networks as well as wireless networks and Wi-Fi solutions. Some of Network's clients include; Wells Fargo, University of Southern California, UCLA, Los Angeles County and Orange County. To find out more about Network Installation Corp. (OTCBB:NWIS), visit our website at www.networkinstallationcorp.com. The Company's public financial information and filings can be viewed at www.sec.gov.
Forward Looking Statements
This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of wireless networks or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.