SHERMAN OAKS, Calif., Dec. 2, 2004 (PRIMEZONE) -- Telynx, Inc. (Pink Sheets:TLYN), a provider of network inventory management and provisioning software solutions to major telecommunications service providers, today announced that it has signed a licensing agreement with Hewlett-Packard. Under the terms of the agreement, TLYN will license its software source code to Telekom-Egypt. In addition, TLYN would provide ongoing software support to this firm. The contract is guaranteed for 2 years and has an additional 5-year optional extension. For its services TLYN would receive $65,000 per year, which would value the contract at $455,000 assuming a 7-year duration. Further details on this contract will be released in the coming week.
CEO Paul Mataras stated: "We are proud to be affiliated with a well-respected Fortune 500 Company such as Hewlett-Packard. This contract is a major step forward for Telynx and will open the door to several other similar deals in the near future."
About Telynx Inc.
Telynx Inc. designs and markets a line of software products and related services to telecommunications service providers. Telynx's software is designed to track inventory, provide new telecommunications services and provide a tool for managing network bandwidth. The company's software complies and supports the Tele-Management forum, OSS/J, 3GPP and 3GPP2 initiatives for all of its products. Its mission is to deliver an end-to-end product and solution set that directly impacts its customers' cost of providing a wide range of complex quality services in a timely fashion.
For more information please contact Curt Cramer at (886) 498-9890 or visit the Company website at www.telynx.net.
Safe Harbor Statement
This release contains forward-looking statements with respect to the results of operations and business of Telynx, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.