MAHWAH, N.J., May 18, 2004 (PRIMEZONE) -- Communications Research, Inc. (OTCBB:CRHI) announced that it will begin marketing TeleWRITER 3.0, the upgraded version of the TeleWRITER product line, at InfoComm June 9-11, 2004 in Atlanta, Georgia. TeleWRITER is a premier product in the collaborative computing market, which is pegged at in excess of $3 billion this year.
"We have been receiving numerous requests for the upgrade and are on the verge of being able to supply the pent-up demand for our product," remarked Communications Research CEO Carl Ceragno. "InfoComm affords us the opportunity of a huge industry event at which to make a big splash and to let the industry know we're back with a vengeance. TeleWRITER's feature rich software, low price point and ease of interoperability should make it a huge hit in the burgeoning distant learning and tele-commuting markets. We anticipate quickly re-capturing former clients and rapidly developing new sales to catapult the company."
TeleWRITER has not been upgraded for over 5 years but nonetheless still commands a very loyal following. Communications Research acquired the software 2 years ago and will have its upgrade completed just in time for InfoComm. Beta testing will begin almost immediately and sales are expected to kick off in October. TeleWRITER sales will add considerably and immediately to the company's bottom line. CRHI's Systems Integration division is also performing above expectations and they have recently hired a number of contract employees to assist the company on fulfillment.
InfoComm is a key industry event and provides the perfect platform for the company to springboard its TeleWRITER 3.0 upgrade. It is the nation's largest business-to-business industry tradeshow for pro-AV communications systems.
At its peak, TeleWRITER-AGS had approximately a 60% share of the collaborative computing market in the mid-1990's, but the prior owners failed to fully maintain product due to private personal circumstances. CRHI acquired the technology and is near completion of the upgrades necessary to make the product operational with virtually all current software platforms. The market has exceeded industry expectations over the years and currently has well over $3 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.