SHERMAN OAKS, Calif., Feb. 16, 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 the projected value of the new version of its flagship NetRunner software will exceed $3,000,000. This projection is based on the added value of the enhancements to the previous version of NetRunner, which according to Company estimates was worth approximately $3,000,000. The previous version focused only on the fixed phone lines and had a potential client base of only 500 companies nationwide. The new version of NetRunner has been designed to include wireless, cable systems, ISPs and VoIP as well. This will increase the potential client base from 500 to close to 100,000 companies nationwide that will require this software to manage their assets.
CEO Paul Mataras stated, "We are confident that the new version of NetRunner will add significant value to Telynx. Based on our conservative estimates, it will generate revenue of at least $3,000,000 on an annual basis."
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.