TeleCommunication Systems, Inc. Named to Everything Channels' VARBusiness 500 List for Third Consecutive Year
May 27 2008 - 12:02PM
Marketwired
ANNAPOLIS, MD (NASDAQ: TSYS), a leading provider of
mission-critical wireless communications, today announced that it
has been recognized by Everything Channel's VARBusiness magazine as
one of North America's top technology integrators. TCS placed
number 226 in the 14th annual VARBusiness 500 ranking.
The VAR 500 list details the leading revenue producers among
technology integrators and technology Solution Provider
organizations in North America. The list's ranking is based on
gross worldwide revenue of hardware and software sales, as well as
earnings from professional and managed information technology (IT)
services.
"Over the last year, we have seen significant revenue growth in
all aspects of our business and this award validates our position
as a top technology integrator," said Maurice B. Tos�, Chairman,
President and CEO of TCS. "This is the third consecutive year we
have been recognized for our financial achievements, and we will
continue toward providing our customers with the best wireless data
communications technology."
TCS provides wireless and VoIP E9-1-1 network-based services,
secure deployable communication systems, engineered satellite-based
services, and commercial location applications, like traffic and
navigation, using the precise location of a wireless device. TCS
also pioneered the world's first wireless location platform for
cellular E9-1-1 in 1996 and is leading the advancement of wireless
location-based technology with multiple patents in this area.
"The indirect sales Channel for technology products and services
drives two-thirds of all technology sales in the U.S., and the
Solution Providers who make up the Channel are the primary
influencers of business technology decision making. This is why the
VAR 500 is such an important list, because these are the top
Solution Providers in the industry, and we salute each of them for
their stellar performance," said Robert C. DeMarzo, senior vice
president and editorial director, Everything Channel.
The complete listing of the VARBusiness 500 is available in the
June 2, 2008 issue of VARBusiness, the business magazine that
provides strategic insight for technology integrators.
To enter the 2008 ranking of the 500 largest North American
solution providers, system integrators, VARs and IT consultants,
companies were asked to complete an online questionnaire to
determine prequalification. In February 2008 VARBusiness conducted
extensive research and analyzed the data. Independent data sourcing
(e.g., SEC filings, annual reports, etc.) also was conducted.
Finalists were ranked according to their fiscal year 2007 revenue,
based only on their reseller-related services business.
About TeleCommunication Systems, Inc.
TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS) produces
wireless data communications technology solutions that require
proven high levels of reliability. TCS provides wireless and VoIP
E9-1-1 network-based services, secure deployable communication
systems, engineered satellite-based services, and commercial
location applications, like traffic and navigation, using the
precise location of a wireless device. Customers include leading
wireless, cable MSOs, and VoIP carriers around the world, and
agencies of the U.S. Departments of Defense, State, and Homeland
Security. For more information, visit www.telecomsys.com.
Except for the historical information contained herein, this
news release contains forward-looking statements as defined within
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities and Exchange Act of 1934, as amended. These
statements are subject to risks and uncertainties and are based
upon TCS' current expectations and assumptions that if incorrect
would cause actual results to differ materially from those
anticipated. Risks include those detailed from time to time in the
Company's SEC reports, including the report on Form 10-K for the
year ended December 31, 2007 and Form 10-Q for the quarter ended
March 31, 2008.
Existing and prospective investors are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date hereof. The Company undertakes no obligation to
update or revise the information in this press release, whether as
a result of new information, future events or circumstances, or
otherwise.
About VARBusiness
For the past 20 years, VARBusiness' strategic resources have
been the gateway to the commercial and public sector (or
government) Solution Provider community. The VARBusiness integrated
platform of media opportunities provides strategic insight for
technology integrators through industry-defining research, in-depth
editorial, channel events and innovative Web services, enabling
these IT professionals to make educated decisions for their
businesses, partnerships and customers. VARBusiness offerings lead
vendors and distributors to unprecedented access to the most
powerful strategic Solution Providers in the market. VARBusiness
has been the recipient of numerous industry awards for both
editorial content and design.
Everything Channel (http://www.everythingchannel.com/,
http://www.channelweb.com/)
Everything Channel (formerly CMP Channel) serves as the one stop
shop for the sales channel that drives 75 percent of technology
sales throughout the world. IT suppliers and Solution Providers
turn to Everything Channel to manage and accelerate their business.
Everything Channel provides the answer to strategy and branding,
online marketing, research/market intelligence, lead generation,
branded and custom events, education and workflow tools targeted to
those who buy and sell through the Channel. Everything Channel is a
subsidiary of United Business Media
(http://www.unitedbusinessmedia.com/), a global provider of news
distribution and specialist information services with a market
capitalization of more than $2.5 billion.
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