MAHWAH, N.J., May 30, 2004 (PRIMEZONE) -- Communications Research (OTCBB:CRHI) announced that its growing project commitments and order backlog, has the company fully committed well into 2005. The high tech growth environment has begun to boom again like it did in the late 1990s and Communications Research has additionally benefited from the US government's homeland defense initiative. The company will seek to add additional capacity through outsourcing, additional hiring and is exploring acquisitions and strategic partnerships to meet the rapidly growing demand for its services.
Communications Research has received orders from long-term clients and has added numerous new clients to its roster as the company's reputation for high caliber, rapid performance continues to drive in new business.
CRHI president Carl Ceragno commented, "Due to the sensitive nature of the company's services, we are usually not at liberty to announce contracts as and when we receive them, but we feel it is important for our shareholders to know and realize how our business is performing. The positive developments in the systems integration division and the company's near-term re-launch of TeleWRITER into the multi-billion dollar collaborative computing market has the company positioned better than ever to fully execute on becoming a world class business."
This news release contains forward-looking statements regarding CRI's business strategies and future plans of operations. Forward-looking statements involve known and unknown risk and uncertainties. The company's risks and uncertainties include: intense price competition, economic, political and regulatory uncertainties, the need to raise additional capital for growth and expansion and its reliance on the internet as a means for promoting the software it sublicenses. The forward-looking statements contained in this news release speak only as of the date hereof and CRI disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in CRI's expectations or future events.