SHERMAN OAKS, Calif., Dec. 9, 2004 (PRIMEZONE) -- Telynx, Inc. (Pink Sheets:TLYN), a provider of network inventory management and provisioning software solutions to major telecommunications service providers, today announced that it has opened a Research and Development Center in Northern Israel. This center will be staffed with a new team of engineers who will be responsible for completing the development of the latest version of Telynx's Inventory and management software. In addition, the Company is also pleased to announce that it will soon open an office in London to support its operations in Europe, Middle East, and North Africa. Operations in North and South America and Asia will continue to be supported from the Company's US headquarters.
CEO Paul Mataras stated: "The opening of these new offices and especially the R&D center is in response to our expanding client base and rapid growth in the demand for our products and services. This is a notable accomplishment for TLYN and will assist us in reaching our revenue and profit goals in the coming year."
About Telynx Inc.
Telynx Inc. designs and markets a line of software products and related services to telecommunications service providers. Telynx's software is designed to track inventory, provide new telecommunications services and provide a tool for managing network bandwidth. The company's software complies and supports the Tele-Management forum, OSS/J, 3GPP and 3GPP2 initiatives for all of its products. Its mission is to deliver an end-to-end product and solution set that directly impacts its customers' cost of providing a wide range of complex quality services in a timely fashion.
For more information please contact Curt Cramer at (516) 498-9890 or visit the Company website at www.telynx.net.
Safe Harbor Statement
This release contains forward-looking statements with respect to the results of operations and business of Telynx, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.