Business Services Industry
eLinear Solutions Wins $100,000 in New Networking and IP Telephony Business with Energy Service Company
Business Wire, Oct 28, 2005
HOUSTON -- eLinear, Inc. (AMEX:ELU) announced today that it and its wholly owned subsidiary, eLinear Solutions, have been awarded approximately $100,000 in new solutions business from an existing customer within the energy sector. eLinear will be providing some networking infrastructure and an IP Telephony implementation (including assessment, procurement of VoIP enabled equipment, integration, configuration, support and maintenance) to one of this energy service company's subsidiaries. The revenue from this project is expected to be recognized during the fourth fiscal quarter of 2005.
Ramzi Nassar, Chief Strategy Officer of eLinear, stated, "We are gaining significant traction providing IP telephony solutions to our multi-national energy customers. The return on these investments is such that it makes sense from both a technology and a financial perspective for our customers to undergo the implementations. Purchasing decisions are more easily made when technology is aligned with and acts in support of business goals. Our business wins are progressing at a healthy pace in comparison to last year ... we are now winning these deals at a rate of several a month, which is an improved customer and business acquisition rate than what we have witnessed in the past."
eLinear previously announced revenue guidance of $32,000,000 to $36,000,000 for fiscal 2005 and targets reaching operating profitability during the fourth quarter of 2005.
About eLinear, Inc.
eLinear, Inc. is a communications, security and compliance company providing integrated technology solutions including information and physical security, IP Telephony and network and storage solutions infrastructure. Typically, the company's customers are Fortune 2000 and small to medium sized business organizations. eLinear's services are offered to companies seeking to increase productivity or reduce costs through investing in technology. eLinear has a national and international footprint and has its headquarters in Houston, Texas. For more information, see http://www.elinear.com.
Safe Harbor Statement
This press release contains statements that may constitute forward-looking statements, including the company's ability to realize the projected revenues from the newly announced project orders and the future strength of the company's business and industry. These statements are based on current expectations and assumptions and involve a number of uncertainties and risks that could cause actual results to differ materially from those currently expected. For additional information about eLinear's future business and financial results, refer to eLinear's Annual Report on Form 10-KSB for the year ended December 31, 2004, which was filed with the SEC on March 18, 2005, eLinear's Q1 2005 Report filed with the SEC on May 20, 2005 and eLinear's Q2 2005 Report filed with the SEC on August 12, 2005. eLinear undertakes no obligation to update any forward-looking statement that may be made from time to time by or on behalf of the company, whether as a result of new information, future events or otherwise.
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