Business Services Industry
Datatec Systems Awarded Two Deployment Contracts Valued Up to $4.5 Million
Business Wire, June 5, 2002
Business Editors/High Tech Writers
FAIRFIELD, N.J.--(BUSINESS WIRE)--June 5, 2002
Datatec Systems, Inc. (Nasdaq: DATC), a leading provider of technology deployment services and software tools, today announced that it has been awarded contracts through a global Professional Services partner to implement new networking technologies at two distinct major foodservice retailers.
The total value of the contracts is up to $4.5 million. Work is scheduled to start immediately and is forecasted to contribute revenues of approximately $1 million in Datatec's fiscal 2003 first quarter, which commenced on May 1, 2002.
About Datatec Systems, Inc.
Fairfield, NJ-based Datatec Systems specializes in the rapid, large-scale market absorption of networking technologies. Datatec's deployment services utilize a software-enabled implementation model to configure, integrate and roll out new technology solutions using a "best practices" structured process. Its customers include Fortune 1000 companies and world-class technology providers. Datatec stock is listed on the Nasdaq Stock Market (DATC). For more information, visit Datatec at http://www.datatec.com/.> This Press Release contains 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. Such forward-looking statements involve risks and uncertainties which may cause the actual results or objectives to be materially different from those expressed or implied by such forward-looking statements.
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