SHERMAN OAKS, Calif., Jan. 12, 2005 (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 started an ambitious effort to develop the most flexible and intelligent Inventory Management and Provisioning Software in the market today. The new product, which is an enhanced version of TLYN's flagship netRunner software, will exceed the current market requirements. The new product will comply with the OSS/J initiative and 3GPP & 3GPP2 standard, and also be in compliance with the NGOSS/e-TOM Industry Standards as published by the TeleManagement Forum.
This Inventory Management Software is the core of the Telynx product family. The system allows the user to keep track of the network inventory and automatically configure the inventory based on the equipment connected to the networks. In addition, the software's functions include asset management; cost management; and many other features that will be disclosed in the near future.
The new Telynx system is designed to accommodate the needs of a very large Telecommunications company as well as a very small wireless operator, ISP or Cable Operator. The user determines how much information they would like to maintain on their network and the Telynx software effectively manages it. The product will be available in multiple languages based on the location and preference of the user.
CEO Paul Mataras stated: "We are confident that this new software will be a market leader in the $3 billion Inventory Management space. We expect that its development will be completed by the second quarter of 2005 and that it will positively impact the Company's revenue and profit levels for the current fiscal year. We will keep shareholders updated on a timely basis of any significant progress made in this development effort."
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 Kramer at (516) 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.