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ELU Accelerated Return Notes Linked TO The Phlx Semiconductor Index

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Share Name Share Symbol Market Type
Accelerated Return Notes Linked TO The Phlx Semiconductor Index AMEX:ELU AMEX Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

eLinear Solutions Wins Over $950,000 in Cisco, Hitachi Data Systems and Panasonic Solutions

06/07/2006 1:25pm

Business Wire


Elinear (AMEX:ELU)
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eLinear, Inc. (AMEX:ELU) announced today that it and its wholly owned subsidiary, eLinear Solutions, have been awarded solutions amounting over $800,000 for several Texas leading medical institutions. The solutions eLinear will be implementing entail technologies from several of its key strategic partners, including Cisco Systems, Hitachi Data Systems and Panasonic. Additionally, eLinear was awarded over $150,000 in the initial phase of a near $2,000,000 potential Panasonic project by a Fortune 50 energy firm. There is no firm commitment for the remainder of this project as of yet. Revenue from these projects will be realized in the third fiscal quarter of 2006. Tommy Allen, Chief Executive Officer of eLinear, stated, "These wins are significant and represent continuing strength in our pipeline within the healthcare and energy sectors. They reflect the trust that major institutions have in our ability to design, implement and support advanced enterprise storage solutions that provide critical path technology that enhances overall IT effectiveness." 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. It's Middle East operations are at the Dubai Internet City. 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.

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