QuStream Increases Government Business with Latest Cheetah DVI System Award from U.S. Government Agency
August 20 2007 - 3:55PM
Marketwired Canada
QuStream Corporation ("QuStream")(TSX VENTURE:QVC) announced today that it
received a significant purchase order from a U.S. governmental agency. The
amount of the order is approximately US$1,100,000.
Included in the above order, QuStream will provide routing switchers using the
Cheetah series of HD routers and the Cheetah DVI Extender modules.
"We are pleased to see continued support from the government sector" said
Frederick L. Godard, Chairman, President and CEO.
Note 1:
The Company uses terms such as bookings, shipments and backlog. These terms are
not defined by generally accepted accounting principles (GAAP). Our usage of
these terms may vary from the usage adopted by other companies. We believe that
the combination of bookings (purchase orders received by the company), shipments
(orders shipped by the company and invoiced) and closing backlog (opening
backlog, plus bookings less shipments) provides a useful indictor for
determining how our products are being received by the market and the economic
health of the market as it relates to demand for our products. Closing backlog
is not a guarantee of future revenues and provides no information about the
timing on which future revenue may be recorded. We report our bookings,
shipments and backlog in US dollars to reflect the underlying currency of the
majority of such contracts and, therefore, reduce the volatility that would
result from converting the measure to Canadian dollars.
Learn more about QuStream's complete line of products at www.pesa.com and
www.forteldtv.com.
About QuStream
QuStream, through its wholly owned subsidiaries PESA and Fortel DTV(TM), is a
global provider of integrated solutions to the creators and distributors of
professional video content including the high-definition television and
professional audio/video market segments. QuStream is headquartered in Toronto,
Canada with offices in New York, Georgia, and Alabama. For more information,
visit QuStream at www.qustream.com, www.pesa.com, and www.forteldtv.com.
All products mentioned herein are trademarked property of their respective owners.
Forward-Looking Statements
The statements made in this press release that are not historical facts contain
forward-looking information that involves risk and uncertainties. All
statements, other than statements of historical facts, which address QuStream's
expectations, should be considered forward-looking statements. Such statements
are based on management's exercise of business judgment as well as assumptions
made by and information currently available to management. When used in this
document, the words "may", " will", "anticipate", "believe", "estimate",
"expect", "intend" and words of similar import, are intended to identify any
forward-looking statements. You should not place undue reliance on these
forward-looking statements. These statements reflect our current view of future
events and are subject to certain risks and uncertainties as contained in the
Company's filings with Canadian securities regulatory authorities. Should one or
more of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, our actual results could differ materially from
those anticipated in these forward-looking statements. We undertake no
obligation, and do not intend, to update, revise or otherwise publicly release
any revisions to these forward-looking statements to reflect events or
circumstances after the date hereof, or to reflect the occurrence of any
unanticipated events. Although we believe that our expectations are based on
reasonable assumptions, we can give no assurance that our expectations will
materialize.
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