Science & Technology
Science and Technology
Science and Technology
Mon, May 18, 2009
OptiCon Systems, Inc. : OptiCon (OPCN) Signs Letter of Intent to Begin the Due Diligence Process for Possible Acquisition of Pr
ST. PETERSBURG, FL--(Marketwire - May 18, 2009) - OptiCon Systems, Inc. (
OptiCon Systems released the following statement, "OptiCon Systems has signed a LOI and is in the process of evaluating the possibility of acquiring Propalms, Inc., a leading global provider of application delivery solutions for TS and VDI services. As OptiCon continues to expand globally, the need for access to major distribution channels worldwide becomes imperative. Propalms has resellers and distribution channels in Europe, U.S., India and 42 other countries that would assist in speeding up OptiCon's growth and consequently revenue in-take exponentially. In addition, their internal resources of programmers and support staff throughout Europe and India will be vital for the success of the OptiCon global initiative. This could possibly be a very strategic acquisition for OptiCon to look at once we have completed a thorough due diligence process internally. But most importantly, this possible acquisition will give us a combined projected revenue in access $100M within two years. As this is the first step in a long evaluation process of determining the possibility of an acquisition, the company will continue to update their shareholders through the proper channels."
About OptiCon Systems
OptiCon Systems, Inc. provides Wireline, Wireless and fiber optics network management solutions offering proprietary state-of-the-art software, professional services and integrated systems. OptiCon Systems have been in use by companies seeking the best solution in managing their networks for the past 10 years. The company's software solutions automate all aspects of the physical and logical layer management, fault detection and delivery of information. The scalability of the software systems permits the Company to target large communications and telecom companies servicing millions of global customers to medium-sized companies managing a single facility. Besides OptiCon Network Manager (ONMS), the company will soon offer PowerCon Energy Systems (PES) that is designed to manage large power networks and facilities for power and alternative energy companies globally. The PES/ONMS isolates (power/fiber) cable cuts, breaks, and faults, and service degradation and other power and optical events to within plus or minus five feet of the event, and produces a global positioning system location for the outage to an approximate five foot section of cable.
For more information, please visit [ www.opticonsystemsinc.com ].
About Propalms, Inc.
Propalms, Inc. (
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This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.
