| |
property for sale in paphos polis cyprus
News and Information Article
New Representative Office in China and Rep in India
TEL AVIV, Israel, April 20 /-FirstCall/ -- RiT Technologies
(NASDAQ: RITT), the pioneer and world-leading provider of intelligent
physical layer solutions, today announced that it has closed a number of
initial orders from Enterprise customers in India and China over the past
few months, an indication that its expansion into Asia is proceeding in
line with its plan.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040727/LNTU008LOGO-a )
During the past few quarters, RiT has established a representative
office in China staffed by five professionals, and has also retained the
exclusive services of a senior representative in India. Working closely
with its OEM partners, RiTs staff is working to accelerate the penetration
of RiTs Intelligent Physical Layer Management Solutions (IPLMS) into the
regions rapidly growing Enterprise market.
+ACI-We are encouraged by the initial results of our new focus on India
and China, which, as early-adopter and fast-growing markets, often surpass
more developed regions in their uptake of cutting-edge technologies,+ACI-
said Mr. Doron Zinger, President and CEO of RiT Technologies. +ACI-We are
seeing strong interest from the IT departments of many of the regions
large- and mid-sized Enterprises, whose forward-thinking IT management
recognize the need for our IPLMS to maximize network control and reduce
total cost of network ownership. To take full advantage of this exciting
new opportunity, we have strengthened our presence in these regions and
continue to expand our local activities.+ACI-
About RiT Technologies
RiT is a leading provider of physical network infrastructure control
and management solutions. Deployed in the networks of many of the worlds
largest carriers and enterprises, its pioneering, fast-ROI products have
proven their ability to simplify service deployment and provisioning,
enhance troubleshooting accuracy, reduce infrastructure maintenance costs,
enhance physical layer security and enable cost-effective service
qualification and verification.
RiT is a member of the RAD group, a world leader in communications
solutions. For more information, please visit our website: http://www.rittech.com
In this press release, all statements that are not purely about
historical facts, including, but not limited to, those in which we use the
words +ACI-believe,+ACI- +ACI-anticipate,+ACI- +ACI-expect,+ACI-
+ACI-plan,+ACI- +ACI-intend,+ACI- +ACI-estimate+ACI-, +ACI-forecast+ACI-,
+ACI-target+ACI- and similar expressions, are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995.
While these forward-looking statements represent our current judgment of
what may happen in the future, actual results may differ materially from
the results expressed or implied by these statements due to numerous
important factors, including, but not limited to, those described under the
heading +ACI-Risk Factors+ACI- in our most recent Annual Report filed with
the Securities and Exchange Commission (SEC) on Form 20-F, which may be
revised or supplemented in subsequent reports filed with the SEC. These
factors include, but are not limited to, the following: our ability to
raise additional financing, if required+ADs- the continued development of
market trends in directions that benefit our sales+ADs- our ability to
maintain and grow our revenues+ADs- our dependence upon independent
distributors, representatives and strategic partners+ADs- our ability to
develop new products and enhance our existing products+ADs- the
availability of third-party components used in our products+ADs- the
economic condition of our customers+ADs- the impact of government
regulation+ADs- and the economic and political situation in Israel. We are
under no obligation, and expressly disclaim any obligation, to update the
forward-looking statements in this press release, whether as a result of
new information, future events or otherwise.
COMPANY CONTACT:
Simona Green
VP Finance
+970-3-766-4249
simonag+AEA-rit.co.il
| |
|
|
 |
property for sale in paphos polis cyprus |
|
|
|
|
|
|
|
|
|
Locations
