MAHWAH, N.J., Sept. 23, 2003 (PRIMEZONE) -- Communications Research, Inc. (Pink Sheets:CRHI) announced a major partnering agreement and strategic alliance with Analog Digital International, Inc., New York City, New York. Under the terms of the agreement for an undisclosed value of stock and other real considerations, the companies have agreed to share resources and team on large professional video system projects. The company anticipates this relationship will provide a competitive advantage that will lead to the award of millions of dollars of additional contracts.
Communications Research, Inc. is renowned for providing superior system consulting, design and integration to industrial, educational and professional end users. The resources of our engineering and integration departments will enable ADI to expand their service offerings to include full turnkey solutions for their clients.
Analog Digital International, Inc. (ADI) is a major distributor of Professional and Broadcast Video Equipment, representing leading brands such as SONY, JVC, PANASONIC, and HITACHI and has been in operations for over 17 years. Through the agreement, Communications Research, Inc. (CRI) shall have access to these lines of professional video equipment and will provide engineering, CAD service, integration and technical support to ADI.
Carl Ceragno, President of CRI, stated "This alliance brings two companies with great synergy together to provide high-end Advanced Technology solutions to both companies' clients. It gives CRI the equipment lines to be highly competitive in the professional video market for clients ready to upgrade into the digital and advanced television production business. With the migration mandated to the new High Definition standard in the U.S., this alliance thrusts our companies into a role as a significant force in this arena."
This news release contains forward-looking statements regarding CRI'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.
For more information related to this alliance, please contact:
Communications Research, Inc. Carl R. Ceragno, President 67 Ramapo Valley Road, Suite 103 Mahwah, New Jersey 07430 Telephone 201 684-0880 FAX 201 684-0884 www.cri-inc.biz Analog Digital International, Inc Ayres D'Cunha, President 20 East 49th street New York, NY 10017 Telephone (212) 688-5110 FAX (212) 688-5405. www.analogdigitalinc.com