OTTAWA, June 29 /CNW Telbec/ - March Networks(TM) (TSX:MN; AIM:MNW), a
leading provider of IP-based video surveillance solutions, announced today
that it has received orders totaling $6 million during the first quarter of
its fiscal year 2008 to provide its IP video management systems to a
U.S.-based big box retailer. The company anticipates that the orders will be
shipped prior to the end of the second quarter.
March Networks' advanced solutions help big box, supermarket,
convenience, general merchandise and other retailers combat inventory
shrinkage, which reached an estimated $41.6 billion, or 1.61 percent of retail
sales, in the U.S. in 2006. They also allow organizations to manage risk,
enhance customer and employee safety, and improve operational efficiency.
"This confirms the competitive strength of our product line within the
big box segment and further demonstrates our ability to compete for, and
secure, large orders from enterprise customers," said Peter Strom, President
and CEO, March Networks.
About March Networks
March Networks(TM) (TSX:MN; AIM:MNW) is a leading provider of innovative
video and data applications used for security surveillance, monitoring,
analysis, and business optimization. The company's software and IP-based
hardware solutions allow businesses to increase operational efficiencies,
address risk, and manage assets with an integrated set of video-based
intelligence tools and business intelligence applications. The ISO 9001:2000
certified company serves the needs of leading financial institutions,
retailers, transportation authorities, commercial/industrial organizations and
government/homeland security agencies in approximately 50 countries. For more
information, please visit www.marchnetworks.com.
This release contains certain forward-looking information, including
expectations of future business. This information is based on the company's
current expectations and assumptions that are subject to a variety of risks
and uncertainties that are difficult to predict and that may be beyond March
Networks' control. Actual results could differ materially from those expressed
in any forward-looking statements due to factors such as customer demand and
timing of purchasing decisions, increased levels of competition, technological
changes and the successful development of new products, dependence on
third-party manufacturers, risks relating to intellectual property
infringement claims, and other risks and factors identified in March Networks'
public filings with regulatory authorities in Canada. March Networks assumes
no obligation to update these forward-looking statements as a result of new
information or future events.
(*)MARCH NETWORKS and the MARCH NETWORKS logo are trademarks of March
Networks Corporation. All other trademarks are the property of their
For further information:
For further information: Peter Wilenius, March Networks Corporation,
(613) 591-8181, firstname.lastname@example.org