MAHWAH, N.J., Jan. 26, 2004 (PRIMEZONE) -- Communications Research, Inc. (OTCBB:CRHI) announced that it has appointed Mr. Jeffrey Cone as its Director of Sales and Marketing for TeleWriter Corporation, as it more aggressively pursues the growing $2 billion collaborative computing market.
"As we near going fully operational with our upgrade of the TeleWriter AGS interactive collaborative computing system, it is increasingly important to have a sales professional of the highest caliber to fully exploit the competitive advantage our product will have in the marketplace," remarked company president Carl Ceragno. "Mr. Cone's wealth of experience, and industry connections, will prove invaluable in significantly growing our sales way beyond our current few thousand client systems. Based upon recent attendance at industry tradeshows, we are confident that our product is superior to the competition, from both a functionality and price point, which will result in quickly increasing the bottom line."
Mr. Cone graduated with honors from the State University of New York at Albany with degrees in Economics and Business Administration, and received a Bachelor of Science Degree in Management Information Systems from the University of South Florida. He is the founder and President of a Piermont Consulting in Tampa, Florida that has developed an extensive network of Information Technology experts and sales professionals. Mr. Cone is an Oracle Certified Developer and is the Lead Instructor for Oracle certification courses through The University of South Florida. He also serves as an Executive Mentor for the University of Tampa. Prior to founding Piermont, Mr. Cone had a successful career in sales with a major insurance company as a sales rep and a sales manager.
At its peak, TeleWriter-AGS had approximately a 60% share of the collaborative computing market in the mid-1990's. CRHI acquired the technology and is near completion of the upgrades necessary to make the product operational with virtually all current operating system platforms. The market has exceeded industry expectations over the years and currently has well over $2 billion in annual revenues and growing.
This news release contains forward-looking statements regarding CRHI'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.