DALLAS, Dec. 13, 2002 (PRIMEZONE) -- uniView Technologies Corporation (OTCBB:UVEW) today announced that it plans to wind down its remaining operations, consisting of its uniView Softgen and its Products Group divisions. The company previously reported that it would wind down its Network America operations. The company has received resignations from its outside directors and general counsel. The company has also laid off all employees and officers. Some former employees may act in a consulting role to facilitate an orderly process, as well as the CEO who will be the sole director.
"The financial position of the company, as well as the general business outlook for the upcoming year prompted immediate action to protect the company's assets," stated Patrick A. Custer, CEO of uniView Technologies. "An evaluation process is currently underway and a plan of action will be formulated within the next couple of weeks. It is our desire to maximize the value of the remaining assets for the benefit of creditors and shareholders. It is regrettable that this action has become necessary and we wish to express our appreciation for the support of our former employees, directors, and shareholders through the years, some of whom have been with us from the beginning."
About uniView
Dallas-based uniView Technologies Corporation offered enhanced digital media solutions to customers worldwide. Its products are capable of delivering the highest quality video, audio and gaming features through broadband networks. In addition, uniView provided companies with enterprise customer service solutions through CIMphony(TM), a suite of computer telephony integration (CTI) software products and services. CIMphony allows contact centers to customize and incorporate voice, data and Internet communications into their customer interactions.
NOTICE: Some of this information may contain "Forward-Looking Statements" which reflect company expectations, plans and projections. Because such statements apply to future events, they are subject to risks and uncertainties that could cause actual results to differ materially from management's expectations. For a discussion of risk factors associated with some of these statements, please refer to the Company's reports on file with the Securities and Exchange Commission.
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