SHERMAN OAKS, Calif., Nov. 30, 2004 (PRIMEZONE) -- Telynx, Inc. (Pink Sheets:TLYN), a provider of network inventory management and provisioning software solutions to major telecommunications service providers, today announced the launch of an investor awareness program. This program will provide current and potential investors information on the status of the company and its progress toward attaining profitability and gaining market share in the Operations Support Systems (OSS) market.
During the past several months, TLYN has made significant progress towards attaining profitability by contracting and implementing new clients. The Company is well positioned in the OSS market, in particular with respect to the Inventory Management space supported by the strength of its proprietary software products and related services. The Inventory Management Market is valued at over $1 billion. TLYN will continue to aggressively pursue this vertical market while pushing its way into both the service management and network management space as well. The strategy is in line with industry trends and moves TLYN much closer to being part of the live network. These two combined spaces make up over 50% of the overall OSS market and represent about a $10 billion market growing at double digit rates over the next five years.
TLYN will be reporting to its shareholders and those interested in the Company over the next few months the results of its efforts and accomplishments to expand its current line of business and also to diversify its business into other lucrative markets. Management believes these efforts should enable TLYN to reach profitability and significantly strengthen the company's financial position.
Paul Mataras, CEO of TLYN, stated, "The Investor Awareness program is designed to document our efforts and the results of those efforts. Our intention is to issue periodic press releases to inform the investing public of our progress."
In order to disseminate its information, TLYN has retained the services of a firm with expertise in market awareness of Pink Sheet and OTC Bulletin Board companies.
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. T he 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.