Contact: Bill Kosoff
Telenetics Corporation
949/455-4000 ext. 702
Contact: Tim Haiber
Data Connect Enterprises
301/924-7400 ext. 18
LAKE FOREST, California –
January 7, 2004 – Telenetics Corporation (OTC-BB: TLNT), a provider of wired
and wireless data communications products for customers worldwide, announced
today the receipt of an order for approximately $1.6 million from Data Connect
Enterprises (DCE), Telenetics’ largest U.S.-based distributor. The order covers DCE’s anticipated annual
purchase quantities during 2004 for many of Telenetics’ most popular models. Approximately $472,000 of the total order is
deliverable during the first quarter of 2004.
Commenting
on the order, David Stone, Telenetics’ President and Chief Executive Officer
said. “Data Connect Enterprises has been a highly valued partner throughout our
four-year relationship. We are very
pleased that DCE has recently expanded the number of Telenetics’ products that
they actively market, and we believe that the high level of expertise they have
developed in our products makes them an ideal partner going forward. The size of this recent order is indicative
of their increasing activity in Telenetics products, and their commitment to
continue to focus heavily on the marketing of Telenetics products in the
future.”
Barry Patton, President and CEO of Data Connect
Enterprises stated, "Data Connect is
pleased to represent and distribute Telenetics' products. We have a
long-standing relationship with Telenetics that continues to mature. Our
commitment to Telenetics is well founded on our long history of success in
marketing a broad range of networking and communications products. We are
very pleased with Telenetics' products and organization. We anticipate
substantial growth in our Telenetics revenues in 2004 as a result of new
technologies, penetration into new market areas, and increased repeat
business from a host of satisfied clients."
About Telenetics
Based in Lake Forest, California, Telenetics
designs, manufactures and distributes wired and wireless data communications
products for customers worldwide. Telenetics offers a wide range of industrial
grade modems and wireless products, systems and services for connecting its
customers to end-point devices such as meters, remote terminal units, traffic
and industrial controllers and remote sensors. Telenetics also provides
high-speed communications products for complex data networks used by financial
institutions, air traffic control systems and public and private wireless
network operators. Additional information is available at www.telenetics.com.
About Data Connect Enterprises
Data
Connect Enterprises, headquartered in Olney, Maryland, has offices serving
major metropolitan areas throughout the country as well as substantial
international penetration. Specializing in networking and communications
technologies, Data Connect provides a wide range of solutions to wire-line
and wireless applications in voice, data and video transmission.
Data Connect is able to provide brand name and off-brand solutions,
customized to meet a client's needs, in both trailing-edge and leading-edge
technologies. Data Connect is well equipped to help businesses looking
for networking solutions, whether the application be to support an existing
legacy network or to design a new network using
state-of-the-art integrated solutions.
Additional information is available at www.data-connect.com.
Safe Harbor Statement Under the Private Securities
Litigation Reform Act of 1995
This release contains forward-looking statements
that involve risks and uncertainties. With the exception of historical
information, the matters discussed in this press release contain
forward-looking statements that involve a number of risks and
uncertainties. Actual future results of
Telenetics could differ from those statements.
These risks include, but are not limited to, financial constraints that
may affect Telenetics' ability to meet the product demands of its customers,
including Data Connect Enterprises, the ability of Data Connect Enterprises to
cancel a significant portion of its
2004 purchase order, unforeseen issues that adversely affect Data Connect
Enterprises' anticipated growth in the sales of Telenetics' products, the
ability of Telenetics to ship current backlog, the continued demand for
Telenetics’ products despite worldwide economic conditions, the ability to have
and maintain satisfactory deliveries of products from Telenetics’ contract
manufacturers, changes in governmental regulations and policies, the emergence
of competitive products and unforeseen technical issues. Other risks are
detailed in filings with the Securities and Exchange Commission made from time
to time by Telenetics, including Telenetics' Form 10-KSB for the year ended
December 31, 2002 and Telenetics' Form 10-QSB for the quarter ended September
30, 2003. Telenetics undertakes no obligation to release publicly any revisions
to any forward-looking statements to reflect events or circumstances occurring
after the date hereof.