DataLogic Releases Letter to Shareholders
November 15 2004 - 8:30AM
PR Newswire (US)
DataLogic Releases Letter to Shareholders IRVINE, Calif., Nov. 15
/PRNewswire-FirstCall/ -- DataLogic International, Inc., (OTC
Bulletin Board: DLGI; Berlin, Frankfurt Stock Exchange: 779612) a
technology and professional services company providing a wide range
of consulting services, telecommunications products such as VoIP
equipment, and GPS vehicle tracking devices, today released a
letter to shareholders discussing recent events. To Our Valued
Shareholders, I want to take this opportunity to address the
confusion and concerns that many of our shareholders have expressed
regarding the recent press release incident. As a part of our plan
to expand into the retail VoIP market, we had been in discussions,
for several weeks with a large, publicly traded, internet company
-- I will call them the partner company -- to provide a retail
sales venue for our VoIP equipment. Upon learning from a
conversation that the partner company had agreed to the terms of
our agreement, DataLogic prepared and issued a press release on
November 11, 2004, signaling that the deal had been signed. This
press release offended the partner company. They asked DataLogic to
issue a press release admitting our mistakes. We complied. I'd like
to explain to our shareholders how this happened, how we have
addressed the issue and how this affects our strategy going
forward. We made two mistakes in issuing our press release and I
apologize to our shareholders for these errors. First, we thought
that the agreement referred to in this press release was signed
because we had received an email commitment. Per their instruction,
we executed our part and forwarded on our signed document for the
counter party signature. We had been told that a fax with the
executed agreement would be arriving shortly. After the
announcement was made, we were told by the partner company that
they were unable to send a fax copy because of an incorrect fax
number. Because we did not have in our possession the executed
agreement, the announcement was premature. Our second mistake was
in misunderstanding a response we received from our partner's
representative. We had asked them if we could quote them and issue
a press release announcing our agreement. We misunderstood their
response which was clearly negative on the quote (which we gladly
took out of the release), but which also meant that we could not
issue a press release about our relationship at all. We now have a
better understanding of our partner's policies and operation. We
are working with them to look forward, beyond this incident, and
toward a mutually beneficial goal. This unfortunate and unpleasant
event has not deterred us from our objective to enter and succeed
in the very large consumer VoIP market. As we stated when we
initiated our efforts in the retail VoIP arena, we intend to enter
global strategic alliances with various retail channels to market
and sell our products. In the future, we will make every effort to
prevent mistakes when issuing press releases about these alliances.
We hope that this clarifies the confusion that some of you may
have. We at DataLogic are working hard toward a brighter future for
our company and we thank you, our shareholders, for your
understanding and support during this growth phase. Sincerely,
Keith Nguyen President DataLogic International, Inc. About
DataLogic International, Inc. DataLogic International, Inc. is a
technology and professional services company providing a wide range
of consulting services and telecommunications products such as VoIP
phones, videophones, communications servers and GPS vehicle
tracking devices. The company also provides Information Technology
outsourcing and consulting services. DataLogic's clients include
U.S. and international governmental agencies as well as a variety
of international commercial organizations. For more information,
please visit DataLogic International's web site at
http://www.dlgi.com/. This news release includes 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, as
amended, regarding, among other things, our plans, strategies and
prospects, both business and financial. Although we believe that
our plans, intentions and expectations reflected in or suggested by
these forward-looking statements are reasonable, we cannot assure
you that we will achieve or realize these plans, intentions or
expectations. Forward-looking statements are inherently subject to
risks, uncertainties and assumptions. Many of the forward-looking
statements contained in this news release may be identified by the
use of forward-looking words such as: believe, expect, anticipate,
should, planned, will, may, intend, estimated, and potential, among
others. Important factors that could cause actual results to differ
materially from the forward-looking statements we make in this news
release include market conditions and those set forth in reports or
documents that we file from time to time with the United States
Securities and Exchange Commission. All forward-looking statements
attributable to DataLogic International or a person acting on its
behalf are expressly qualified in their entirety by this cautionary
language. For further information, please contact Donna Dolan,
Investor Relations of DataLogic International, +1-949-260-0120,
ext. 204, . DATASOURCE: DataLogic International, Inc. CONTACT:
Donna Dolan, Investor Relations of DataLogic International,
+1-949-260-0120, ext. 204, Web site: http://www.dlgi.com/
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