IRVINE, Calif., Nov. 10, 2005 (PRIMEZONE) -- Lantronix, Inc. (Nasdaq:LTRX), a leading provider of hardware and software networking solutions, announced today that it has retained The Piacente Group, Inc., a full service investor relations and financial communications consulting firm based in New York, to provide strategic investor relations services.
"With our improving financial performance and the expectation of an expanding M2M market, we are further expanding our strategic investor relations program," said Marc Nussbaum, chief executive officer and president of Lantronix. "Piacente's successful experience in working with technology companies to increase their visibility among the investment community makes them a solid choice for Lantronix as we move forward."
Brandi Piacente, president of The Piacente Group stated, "We are excited to work with Lantronix. The company has a strong business model and management is executing on their growth plans. We look forward to implementing a targeted investor relations program to assist in increasing shareholder value."
About Lantronix
Lantronix, Inc. (Nasdaq:LTRX) provides technology solutions that deliver Net Intelligence(tm), helping businesses remotely manage network infrastructure equipment and rapidly network-enable their physical electronic devices. Lantronix connectivity solutions securely link a company's electronic assets through the network, allow access to business-critical data within each device and convert that data into actionable information. With this new intelligence, companies can achieve greater efficiencies, reduce resource consumption and proactively transform the way they do business. The leader in device networking and secure remote management solutions, Lantronix was founded in 1989 and has its worldwide headquarters in Irvine, California. For more information, visit www.lantronix.com.
About The Piacente Group, Inc.
The Piacente Group, Inc. is an investor relations and financial communications consulting firm based in New York with offices in San Francisco, Beijing and Guangzhou, China. With a focused approach on developing integrated strategic solutions to a company's investor relations program, The Piacente Group's main objectives are to increase visibility to investors and deliver enhanced shareholder value to its diversified client base. The Piacente Group is dedicated to providing clients customized solutions in a dynamic investment environment. For more information, please visit www.tpg-ir.com.
This news release contains forward-looking statements, including statements concerning company's improving financial performance and the expected expansion of the M2M market. These forward-looking statements are based on current management expectations and are subject to risks and uncertainties that could cause actual reported results and outcomes to differ materially from those expressed in the forward-looking statements, including but not limited to: changing market conditions; government and industry standards; market acceptance of Lantronix products by its customers; pricing trends; actions by competitors; future revenues and margins; changes in the cost or availability of critical components; the outcome of significant litigation; unusual or unexpected expenses; cash usage; and other factors that may affect financial performance. For a more detailed discussion of these and other risks and uncertainties, see the company's recent SEC filings, including its Form 10-K for the fiscal year ended June 30, 2005. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the company undertakes no obligation to update these forward-looking statements to reflect subsequent events or circumstances.
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