@Road Updates Status of Verizon Wireless CDPD Network and Verizon Communications
February 02 2006 - 6:30AM
Business Wire
@Road(R), Inc. (Nasdaq:ARDI), a global provider of Mobile Resource
Management (MRM) and intelligent field service automation
solutions, today provided an update on the status of the Verizon
Wireless CDPD network and the Company's customer relationship with
Verizon Communications. Based on recent communications with Verizon
Wireless and observations of service availability on the Verizon
Wireless CDPD network, the Company believes that Verizon Wireless
is in the process of shutting down its CDPD network. The Company
believes that this process may be completed in the next several
days. In addition, Verizon Communications requested the Company
discontinue providing services to substantially all of the Verizon
Communications MRM subscribers effective January 31, 2006. The
Company intends to discuss these matters in more detail in the
forward-looking portions of its February 7 Fourth Quarter Earnings
Conference Call. Fourth Quarter Earnings Conference Call and
Webcast Details @Road will host a teleconference Tuesday, February
7, commencing at 2:00 p.m. Pacific Time, to discuss the fourth
quarter financial results and outlook for future periods.
Participating in the call will be @Road President and CEO Krish
Panu and CFO Mike Martini. All interested parties may listen by
dialing 888-481-7939 or 617-847-8707, pass code 69494136, or by
tuning into the webcast at www.road.com. It is Company policy to
recognize a quiet period at the end of each quarter. The quiet
periods begin on the day after the fiscal quarter/year end and
terminate when the Company releases its earnings for such
quarter/year. During these periods, Company representatives are
precluded from having conversations with members of the investment
community. About @Road @Road, Inc. is a leading global provider of
solutions designed to automate the management of mobile resources
and to optimize the service delivery process for customers across a
variety of industries. @Road delivers Mobile Resource Management
solutions in three key areas: Field Force Management, Field Service
Management and Field Asset Management. By providing real-time
Mobile Resource Management infrastructure integrating wireless
communications, location-based technologies, transaction processing
and the Internet, @Road solutions are designed to provide a secure,
scalable, upgradeable, enterprise-class platform, and are offered
in on-demand software delivery, on-premise or hybrid environments
that can seamlessly connect mobile workers in the field to
real-time corporate data. As of September 30, 2005, @Road was
providing Mobile Resource Management solutions to approximately
150,000 subscribers and approximately 30,000 end users around the
world. The company is headquartered in Fremont, Calif., and has a
global presence with offices in North America, Europe and Asia. For
more information on @Road solutions, visit www.road.com. Except for
the historical information contained herein, the matters discussed
in this news release are forward-looking statements involving risks
and uncertainties that could cause actual results to differ
materially from those in such forward-looking statements. Numerous
factors, risks and uncertainties affect the company's operating
results and could cause the company's actual results to differ
materially from forecasts and estimates or from any other
forward-looking statements made by, or on behalf of, @Road, and
there can be no assurance that future results will meet
expectations, estimates or projections. These factors, risks and
uncertainties include, but are not limited to, the impact of the
termination of the Verizon Wireless CDPD network and of
substantially all Verizon Communications MRM subscribers on @Road
future operating results and profitability; @Road historical
operating results and profitability; the ability of @Road to grow
subscribers and revenues as a result of the termination of the
Verizon Wireless CDPD network and of substantially all Verizon
Communications MRM subscribers; the ability of @Road to market,
sell and support @Road solutions; the timing of the acquisition and
termination of prospects and customers; competition; the dependence
of @Road on mobile data systems technology, wireless networks,
network infrastructure and positioning systems owned and controlled
by others; and general economic and political conditions. The
Company cautions the reader that the planned appearances of @Road
personnel, time and/or manner of the live teleconference, webcast
and replays may change for administrative or other reasons outside
the Company's control. Further information regarding these and
other risks is included in the @Road Report on Form 10-K dated
March 15, 2005, the @Road Report on Form 10-Q dated November 8,
2005 and in its other filings with the Securities and Exchange
Commission. @Road and the @Road logo are trademarks or registered
trademarks of @Road, Inc. All other trade names are the property of
their respective owners.
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