In-Systcom, Inc. Commences Trading Under the Ticker Symbol ISYJ
ALPHARETTA, Ga.--(BUSINESS WIRE)--Aug. 11, 2004--In-Systcom, Inc. (PK: ISYJ) announced today that the company has commenced trading on the Pink Sheets under the ticker symbol ISYJ.
Wil Riner, Sr., Chairman and CEO stated, "The merger has rejuvenated the company's spirit and is now positioned to continue to expand its product and services offerings."
Mr. Riner, Sr., together with In-Systcom President Peter DeMilio, jointly agreed that bringing the company public at this time would support the company's growth strategy while capitalizing on its participation in the high tech marketplace.
In-Systcom, Inc. provides interactive entertainment solutions, such as Video on Demand, E-mail, and Internet services to the cruise ship and luxury resort industries. In-Systcom's SeaLynx(TM) Infotainment System allows its clients to offer enhanced premium information and entertainment services with little initial capital investment and importantly, provides both In-Systcom and their clients with recurring revenue streams.
The SeaLynx(TM) Infotainment System goes beyond current Video on Demand technology providing a highly customized solution to the cruise ship industry. By using VDSL technology, SeaLynx(TM) streams broadband media content to cruise ship staterooms addressing the specific needs of cruise ship and their guests. The SeaLynx(TM) Infotainment System far exceeds simple Video on Demand by offering broadband services, such as E-mail and Internet access, as well as e-commerce and billing capabilities into each stateroom television. Providing these valuable services to guests helps increase their overall satisfaction therefore enhancing the cruise experience. Further, the ship's administrative staff enjoys the ease of use and the benefit of streamlining the workflow on board.
The management team is made up of a diverse group of highly skilled executive and operational personnel:
WIL RINER, SR. - CHAIRMAN / CEO - Mr. Riner's background is in the Semiconductor, Telecommunications, and Personal Computer industries. He has been associated with such major corporations as Microwave Associates, Fairchild Semiconductor (NYSE: FCS), ITT, Mitel, and OKI Telecom. In January 2000, he founded In-Systcom Inc. based nearby Atlanta, Georgia.
PETER DEMILIO - PRESIDENT - Prior to joining In-Systcom, Inc., Mr. DeMilio served as Manager of Marine Technologies for Carnival Cruise Lines (NYSE: CCL) in Miami, FL. He is currently involved and looks forward to continuing to serve the Federal Communication's Advisory Committee on the future of Interactive Telecommunication technology within the maritime industry.
WIL RINER, JR. - VICE PRESIDENT NEW PRODUCT DEVELOPMENT - Mr. Riner Jr. brings to the Company a background in project management in commercial and military aircraft research and development, along with sales and marketing experience in the Personal Computer industry.
ALLAN REGENBAUM - SOFTWARE ENGINEER / DEVELOPER - Mr. Regenbaum is a professional software engineer, marketer, web entrepreneur, and consultant. He has spent the last 7 years designing web-based solutions, systems, and programs for the interactive education and entertainment industries.
STEPHEN STETHERS - DIRECTOR OF PROJECT MANAGEMENT - Mr. Stethers is highly motivated and has extensive experience in a variety of disciplines, including operations management, project management, sales management, job costing, government contracts bidding and negotiating, purchasing/procurement, hiring, training, and crew supervision.
WALTER GERBER - DIRECTOR SEALYNX PROJECT - Mr. Gerber has over 30 years experience in telecommunications. His prime focus is in recognizing customer's needs and in supporting the customer from start to finish.
The company anticipates reporting many exciting developments in the coming weeks and months to its current shareholders and the investment community.
For more information on In-Systcom, Inc., please visit the company's Web site at www.insystcom.com.
About In-Systcom, Inc.
In-Systcom, Inc. provides interactive entertainment solutions, such as Video on Demand, E-mail, and Internet services to the cruise ship and luxury resort industries. The SeaLynx(TM) Infotainment System goes beyond current Video on Demand technology providing a highly customized solution to the cruise ship industry. By using VDSL technology, SeaLynx(TM) streams broadband media content to cruise ship staterooms addressing the specific needs of cruise ship and their guests. The SeaLynx(TM) Infotainment System far exceeds simple Video on Demand by offering broadband services, such as E-mail and Internet access, as well as e-commerce and billing capabilities into each stateroom television.
Safe Harbor Forward-Looking Statements
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.
Please visit the company's website at www.insystcom.com.
Contacts
Redwood Consultants, LLC
Jens Dalsgaard, 415-884-0348
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