SHERMAN OAKS, Calif., May 11, 2005 (PRIMEZONE) -- Telynx, Inc. (Pink Sheets:TLYN), a provider of network management software solutions and related services, commented today as to the state of the telecom market, the industry's cost-cutting attitude and the positioning of the Company with respect to opportunities.
Telecom companies have faced many challenges related to emerging technologies and the ever-changing trends and needs of the retail consumer. Significant demand by consumers for value-added solutions adds an element of complexity never before seen in this space. In order to achieve their goals, today's companies must be able to access and manage their vital and complex information rapidly and efficiently. The complexity of vast, global networks coupled with a constantly changing environment requires service providers to be ever more diligent about their purchase of technology and solutions.
At a time when the industry's top service providers are increasingly negotiating with suppliers in terms of pricing and deliverables, many OSS vendors (particularly the larger players) have come under pressure to lower prices. Whether medium and smaller OSS players -- so far immune to this deflationary trend -- are forced to follow suit, Telynx believes it is in a unique position with respect to its products and services. By re-thinking its role in the global spectrum of this vast market, Telynx is developing a managed service offering to meet these changing market needs.
There are other significant changes surfacing within in the industry. Increased merger and acquisition activity, a response to pricing pressure and current market conditions, will impact OSS vendors of all sizes. This trend has not gone unnoticed by Telynx executives.
"Telynx is positioned at the end of the spectrum of smaller players in this industry. The concept of increased consolidation in the space is intriguing to us," stated Paul Mataras, President and CEO of Telynx. He went on to reiterate how well positioned Telynx is poised to tap into the $9.9B OSS market (See note) after almost a year of corporate management and financial restructuring."
Note -- Source: Spring 2005, Market Snapshot Report for OSSs, Interactive Data Corp. (IDC) projects the worldwide market for software-based fulfillment, assurance, and billing solutions (excluding customer care) to top $9.9 billion in 2005.
Although efficiency is a laudable goal for any business enterprise, some industry leaders caution that a balance should be maintained between cost containment and investment for the future. Interactive Data Corporation commented recently that some OSSs place too much focus on cost savings and cost cutting rather than client growth.
Telynx is addressing this issue functionally, within their newly redesigned product and strategically, by offering both product-for-purchase as well as out-sourced services. Vendors must be both flexible and swift in order to understand and react to the changing requirements of network managers in today's marketplace.
About Telynx, Inc.
Telynx, Inc. designs and markets a line of software products and related services allowing telecommunications service providers to track inventory, provide new telecommunications services and manage network bandwidth. The Company seeks to maintain a highly selective approach to strategic partnerships with other telecommunications service providers such as Network Equipment Providers (NEPs), IP Multimedia Subsystem (IMSs), and IPTVs, which deliver digital television and other audio and video services over broadband data networks using internet protocols.
Safe Harbor Statement
This release contains forward-looking statements with respect to the results of operations and business of Telynx, Inc., which involve 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.