LOS ANGELES, July 26, 2001 (PRIMEZONE) -- Pervasys, Inc. (Pink Sheets:PVYS) and BMI Computers, Inc. have entered into a letter of intent for BMI to provide assembly, installation and support for Pervasys' live streaming video technology, the FeLIX. CEO Peter Nasimi will supervise the next production run of FeLIX units.
According to Nasimi, "BMI has 16 years of experience in the assembly, installation, sales, servicing and support of PC's, as well as rentals, networking, Novell, Microsoft and Linux services. The relationship with Pervasys is a natural extension of our business. The FeLIX is so simple from the hardware side, that assembly, service and support should be extremely scalable. We welcome the opportunity to work with many of Pervasys' clients in terms of developing and installing custom LAN's."
Pervasys Chairman Michael Meyer notes that, "With more than a half dozen VAR's in Los Angeles alone, we have grown past the point where we can realistically continue to handle assembly of Felix broadcast units, network design and implementation, hardware service and support and other aspects of quality of service. Having a quality partner like BMI can help us to increase hardware consistency and improve customer relations."
The agreement will be non-exclusive, and terms are being negotiated. Mr. Nasimi's BMI Computing is located at 611 N. La Cienega Blvd., Los Angeles, CA 90069, and can be reached at (323) 655-9666 or (10) 659-8202.
Further information on Pervasys products can be obtained on www.pervasys.com, or by contacting:
Michael Meyer (U.S.) 1-323-571-3717, 1-818-365-1957, mike@pervasys.com Brian Sammartino (Canada), 1-604-732-1291. brian@pervasys.com Chan Son Jeon (Korea), 02-698-1279
For Financial Relations contact Glen Chazak, DeBenn Capital, 1-310-285-4602
Statements included within this press release that are not historical in nature constitute forward-looking statements for the purpose of the safe harbour provided by the Private Securities Litigation Reform Act of 1995. Investors are cautioned that this press release contains certain such forward-looking statements that involve substantial risks and uncertainties. When used, the words "anticipate," "believe," "estimate," "expect" and similar expressions as they relate to the Company or its management are intended to identify such forward-looking statements. There can be no assurance that the Company will be able to market, sell or deliver successfully its services inside or outside the United States, given risk factors including but not limited to unexpected changes in regulatory requirements, export restrictions, tariffs and other trade barriers, challenges in staffing and managing foreign operations, differing technology standards, employment laws and practices in foreign countries, longer payment cycles, problems in collecting accounts receivable, political instability, fluctuations in currency exchange rates, imposition of currency exchange controls, seasonal restrictions in business activity and potentially adverse tax consequences, any of which could adversely affect the Company's international operations. There can be no assurance that one or more of these factors will not have a material adverse affect on the Company's current or future international operations and consequently, on the Company's business, results of operations, and financial condition.