Elinear (AMEX:ELU)
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eLinear, Inc. (AMEX:ELU) announced today that it and its
subsidiary, eLinear Solutions Middle East FZ LLC, have recently been
awarded a new project to provide turnkey network and IP telephony
infrastructure for Redha Al-Ansari Shares and Bonds, a UAE brokerage
company. The project will commence immediately, and revenue from this
project will be recognized in the second fiscal quarter of 2006.
Ramzi Nassar, President of eLinear Solutions Middle East FZ LLC,
stated, "This turnkey infrastructure and telephony project for the
highly-reputed Redha Al-Ansari Shares and Bonds is a great win for
eLinear in the United Arab Emirates. Working with Mr. Ahmed Al-Ansari
on his vision and expansion plans will require us to leverage our
entire global team and partnership network to deliver a solution
consisting of LAN, WAN, Wireless, Security, IP Telephony, and Physical
Infrastructure components. We are extremely glad to have the
opportunity to work on such a project!"
Ahmed Al-Ansari, Chairman of Redha Al-Ansari Shares and Bonds,
added, "eLinear Solutions brought forth a highly professional
perspective and well-designed solution. Their team gave me the
confidence that this complex solution could be delivered successfully
and in line with my aggressive time demands."
About Redha Al-Ansari Shares and Bonds Co.
Redha Al-Ansari Shares and Bonds has recently been established and
it was developed out of a need to provide a reliable Brokerage
Services to the rapidly growing U.A.E. Local Shares and Bonds Market.
It is the most recent member of Al-Ansari Group of Companies.
Redha Al-Ansari Exchange Est. was the first member of this reputed
group and this was established in 1979 in Dubai.
Mr. Redha Al-Ansari and his sons, who are U.A.E. Nationals, wholly
manage Al-Ansari Group of Companies. Over four decades of family
expertise in financial industries and specifically in Money Exchange
business helps them to be the leaders in this business.
Redha Al-Ansari Exchange Est. is the first money exchange
business, stemming from Al-Ansari Exchange, initially established in
1945 in Dubai by the late Shaikh G H Al-Ansari, the head of the
Al-Ansari family and father of Redha Al-Ansari. It has been the
trusted exchange center for the locals and the residents of UAE ever
since.
Redha Al-Ansari Exchange Est. was established in Dubai in 1979 in
continuation to the success of Shaikh G H Al-Ansari's first exchange
house, and has become a reliable name in the market and one of the
leaders in this business within the region, and is presently operated
through its 14 branches, which are located in Dubai, Abu Dhabi,
Sharjah, and Al Ain in U.A.E. Redha Al-Ansari Exchange has developed
operations in the area of Retail of Foreign Currency Services and
Money Transfer. For more information, see
http://www.redhaalansari.com.
About eLinear, Inc.
eLinear, Inc. is a communications, security and compliance company
providing integrated technology solutions including information and
physical security, IP Telephony and network and storage solutions
infrastructure. Typically, the company's customers are Fortune 2000
and small to medium sized business organizations. eLinear's services
are offered to companies seeking to increase productivity or reduce
costs through investing in technology. eLinear has a national and
international footprint and has its headquarters in Houston, Texas.
For more information, see http://www.elinear.com.
Safe Harbor Statement
This press release contains statements that may constitute
forward-looking statements, including the company's ability to realize
the projected revenues from the newly announced project orders and the
future strength of the company's business and industry. These
statements are based on current expectations and assumptions and
involve a number of uncertainties and risks that could cause actual
results to differ materially from those currently expected. For
additional information about eLinear please visit www.elinear.com or
www.sec.gov. eLinear undertakes no obligation to update any
forward-looking statement that may be made from time to time by or on
behalf of the company, whether as a result of new information, future
events or otherwise.