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TSYS (MM)

4.99
0.00 (0.00%)
16 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
(MM) NASDAQ:TSYS NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 4.99 0 01:00:00

TeleCommunication Systems, Inc. Named to Everything Channels' VARBusiness 500 List for Third Consecutive Year

27/05/2008 6:02pm

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ANNAPOLIS, MD (NASDAQ: TSYS), a leading provider of mission-critical wireless communications, today announced that it has been recognized by Everything Channel's VARBusiness magazine as one of North America's top technology integrators. TCS placed number 226 in the 14th annual VARBusiness 500 ranking.

The VAR 500 list details the leading revenue producers among technology integrators and technology Solution Provider organizations in North America. The list's ranking is based on gross worldwide revenue of hardware and software sales, as well as earnings from professional and managed information technology (IT) services.

"Over the last year, we have seen significant revenue growth in all aspects of our business and this award validates our position as a top technology integrator," said Maurice B. Tosé, Chairman, President and CEO of TCS. "This is the third consecutive year we have been recognized for our financial achievements, and we will continue toward providing our customers with the best wireless data communications technology."

TCS provides wireless and VoIP E9-1-1 network-based services, secure deployable communication systems, engineered satellite-based services, and commercial location applications, like traffic and navigation, using the precise location of a wireless device. TCS also pioneered the world's first wireless location platform for cellular E9-1-1 in 1996 and is leading the advancement of wireless location-based technology with multiple patents in this area.

"The indirect sales Channel for technology products and services drives two-thirds of all technology sales in the U.S., and the Solution Providers who make up the Channel are the primary influencers of business technology decision making. This is why the VAR 500 is such an important list, because these are the top Solution Providers in the industry, and we salute each of them for their stellar performance," said Robert C. DeMarzo, senior vice president and editorial director, Everything Channel.

The complete listing of the VARBusiness 500 is available in the June 2, 2008 issue of VARBusiness, the business magazine that provides strategic insight for technology integrators.

To enter the 2008 ranking of the 500 largest North American solution providers, system integrators, VARs and IT consultants, companies were asked to complete an online questionnaire to determine prequalification. In February 2008 VARBusiness conducted extensive research and analyzed the data. Independent data sourcing (e.g., SEC filings, annual reports, etc.) also was conducted. Finalists were ranked according to their fiscal year 2007 revenue, based only on their reseller-related services business.

About TeleCommunication Systems, Inc.

TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS) produces wireless data communications technology solutions that require proven high levels of reliability. TCS provides wireless and VoIP E9-1-1 network-based services, secure deployable communication systems, engineered satellite-based services, and commercial location applications, like traffic and navigation, using the precise location of a wireless device. Customers include leading wireless, cable MSOs, and VoIP carriers around the world, and agencies of the U.S. Departments of Defense, State, and Homeland Security. For more information, visit www.telecomsys.com.

Except for the historical information contained herein, this news release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. These statements are subject to risks and uncertainties and are based upon TCS' current expectations and assumptions that if incorrect would cause actual results to differ materially from those anticipated. Risks include those detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended December 31, 2007 and Form 10-Q for the quarter ended March 31, 2008.

Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to update or revise the information in this press release, whether as a result of new information, future events or circumstances, or otherwise.

About VARBusiness

For the past 20 years, VARBusiness' strategic resources have been the gateway to the commercial and public sector (or government) Solution Provider community. The VARBusiness integrated platform of media opportunities provides strategic insight for technology integrators through industry-defining research, in-depth editorial, channel events and innovative Web services, enabling these IT professionals to make educated decisions for their businesses, partnerships and customers. VARBusiness offerings lead vendors and distributors to unprecedented access to the most powerful strategic Solution Providers in the market. VARBusiness has been the recipient of numerous industry awards for both editorial content and design.

Everything Channel (http://www.everythingchannel.com/, http://www.channelweb.com/)

Everything Channel (formerly CMP Channel) serves as the one stop shop for the sales channel that drives 75 percent of technology sales throughout the world. IT suppliers and Solution Providers turn to Everything Channel to manage and accelerate their business. Everything Channel provides the answer to strategy and branding, online marketing, research/market intelligence, lead generation, branded and custom events, education and workflow tools targeted to those who buy and sell through the Channel. Everything Channel is a subsidiary of United Business Media (http://www.unitedbusinessmedia.com/), a global provider of news distribution and specialist information services with a market capitalization of more than $2.5 billion.

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