DataLogic International, Inc. Admits Mistake Concerning Announcement of an Agreement With SINA Corporation to Market VoIP Phones
November 12 2004 - 7:35PM
PR Newswire (US)
DataLogic International, Inc. Admits Mistake Concerning
Announcement of an Agreement With SINA Corporation to Market VoIP
Phones IRVINE, Calif., Nov. 12 /PRNewswire-FirstCall/ -- DataLogic
International, Inc., (OTC Bulletin Board: DLGI; Berlin, Frankfurt
Stock Exchange: 779612) a technology and professional services
company providing a wide range of consulting services,
telecommunications products such as VoIP equipment, and GPS vehicle
tracking devices, admitted making a mistake with its announcement
that its wholly owned subsidiary, IPN Communications, Inc. (IPN),
had signed an agreement to market VoIP phones with SINA Corporation
(NASDAQ:SINA). In clarifying remarks about the November 11, 2004
press release, Keith Nguyen, DLGI's President said, "Unfortunately,
the announcement was somewhat premature since it was made without
the approval of SINA Corporation and the agreement is yet to be
completely executed. Earlier today, I extended my sincere apologies
to SINA Corporation for the misunderstanding. Under the proposed
Merchant Service Agreement, IPN will offer its VoIP phones to
retail customers who visit the electronic shopping service
http://mall.sina.com/. SINA Corporation's subsidiary Sina.com
Online, a California corporation, will provide IPN with a presence
in its Mall System that includes a Merchant Store and Transaction
Processing Services. I want to clarify that SINA Corporation does
not purchase goods or services from IPN." About IPN Communications,
Inc. IPN Communications, Inc., a wholly owned subsidiary of
DataLogic International, Inc., is a provider of voice over Internet
protocol (VoIP) telephony products and services. The company
targets consumers and business users on a worldwide basis who seek
to reduce communication costs. IPN's product suite includes USB and
Ethernet based VoIP phones, IP Phone adapters, videophones, and
turnkey servers that support in-network VoIP calling and VoIP to
public-switch telephone networks (PSTN). For more information about
IPN Communications, please visit http://www.ipncom.com/. About
DataLogic International, Inc. DataLogic International, Inc. is a
technology and professional services company providing a wide range
of consulting services and telecommunications products such as VoIP
phones, videophones, communications servers and GPS vehicle
tracking devices. The company also provides Information Technology
outsourcing and consulting services. DataLogic's clients include
U.S. and international governmental agencies as well as a variety
of international commercial organizations. For more information,
please visit DataLogic International's web site at
http://www.dlgi.com/. This news release includes forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934, as
amended, regarding, among other things, our plans, strategies and
prospects, both business and financial. Although we believe that
our plans, intentions and expectations reflected in or suggested by
these forward-looking statements are reasonable, we cannot assure
you that we will achieve or realize these plans, intentions or
expectations. Forward-looking statements are inherently subject to
risks, uncertainties and assumptions. Many of the forward-looking
statements contained in this news release may be identified by the
use of forward-looking words such as: believe, expect, anticipate,
should, planned, will, may, intend, estimated, and potential, among
others. Important factors that could cause actual results to differ
materially from the forward-looking statements we make in this news
release include market conditions and those set forth in reports or
documents that we file from time to time with the United States
Securities and Exchange Commission. All forward-looking statements
attributable to DataLogic International or a person acting on its
behalf are expressly qualified in their entirety by this cautionary
language. Contact Information: Donna Dolan Investor Relations
949-260-0120 ext 204 DATASOURCE: DataLogic International, Inc.
CONTACT: Donna Dolan, Investor Relations of DataLogic
International, Inc., +1-949-260-0120, ext. 204, Web site:
http://mall.sina.com/ Web site: http://www.ipncom.com/ Web site:
http://www.dlgi.com/
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