-- Acceleration of technology into the MAGNM-20 platform.
-- Inclusion of Inteleflex as a key component of the Pannaway portfolio,
enhanced with Pannaway's 10Gigabit transport across an all IP backplane,
ensuring telcos who have invested in this platform that extensive future
development and support will continue.
-- The ability for telcos to easily transition at their own pace, from
SONET/ATM and TDM to a fully converged IP infrastructure.
-- Industry-leading systems approach combining IP, 1 to 10Gigabit, SONET,
TDM, FTTH 2.4 GPON and 100/1000Mbps Active Ethernet, xDSL, T1, POTS and
Special circuits.
"I am pleased to have found such a strong match with Pannaway and elated to
be an ongoing and active member of the Pannaway board," said Bob Carroll,
CEO of TelStrat. "I am impressed with the commitment of the investment
team and strong balance sheet that Pannaway enjoys, underscored by its
continued zero debt position. Pannaway has both the resources and the
technology arsenal to continue to serve our existing customers well, while
focusing on the continued development of integrated IP broadband
solutions."
Mark Carpenter, President for Pannaway adds, "The various integrated
technologies and broad range of platforms that come into play as a result
of this acquisition strengthen the capabilities of our entire broadband
solution portfolio and will become our customers' catalyst for growth as
they move toward an all-IP future."
About TelStrat International, LTD.
TelStrat® provides communication solutions for wireline access networks
and enterprise telecommunications environments. The company's innovative
Inteleflex® broadband loop carrier platform enables telecommunications
providers serving smaller cities and rural markets to bridge today's
circuit-switched networks and emerging packet-based services to deliver
converged voice, data and video communication and entertainment services.
TelStrat also offers the CallParrot™ Business Call Recording portfolio,
which enables call center quality monitoring and business liability
protection, and a variety of remote access products sold under the Nortel
name. Founded in 1993, TelStrat has consistently maintained an unsurpassed
commitment to customers and their business needs. The company is
headquartered in Plano, Texas. For more information, please visit
www.telstrat.com.
About Pannaway Technologies
Pannaway delivers customer-proven broadband access and transport solutions
that enable wireless and wireline telecommunications service providers to
offer new advanced services to their subscribers. Based on
industry-standard IP (Internet Protocol) technologies, Pannaway's multi
award-winning Service Convergence Network (SCN™) architecture enables
providers to reduce expenses, increase revenue and compete more effectively
through the delivery of converged services.
For more information, please visit www.pannaway.com
This press release contains forward-looking statements that are based upon
management's current expectations and are inherently uncertain.
Forward-looking statements are based upon information available to us as of
the date of this press release and we assume no obligation to revise or
update any such forward looking statement to reflect any event or
circumstance after the date of this release. Actual results and the timing
of events could differ materially from current expectations due to a number
of factors.
The acquisition of TelStrat by Pannaway is subject to the satisfaction of
customary closing conditions.
Contact Information: Contacts: Kevin Brown Pannaway Technologies 603-766-5142 kbrown@pannaway.com Dale Allaire BridgeView Marketing 603-766-3681 dale@bridgeviewmarketing.com