Communication Synergy Te... (CE) (USOTC:CSYT)
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Communication Synergy Technologies Inc. Signs Agreement with
Javelin Associates to Spur Development Funding for Proprietary Document
Archiving Technology
ROCHESTER, N.Y., May 19 /PRNewswire-FirstCall/ -- Communication Synergy
Technologies Inc., (ComSynTech) (CSYT) a developer of document management
solutions, has entered into an agreement with Javelin Associates of Rochester
to accelerate the commercialization of its proprietary document archiving
technologies.
The partnership with Javelin is a logical step in ComSynTech's process to
identify additional funding and channel partners to support its ongoing
archiving solution development efforts. The partnership provides ComSynTech
with a direct link to accelerate commercialization of its cutting-edge
technologies.
According to Javelin CEO Henry Gottfried, "We are in the business of bringing
companies with unique proprietary technology together with those having both
funding and commercialization resources to propel high-potential products into
the marketplace. The technologies developed by ComSynTech, especially its
breakthrough document storage solution, present a significant opportunity to
revolutionize document management processes worldwide and to impact economic
growth in upstate New York."
ComSynTech CEO Seth Borg said today: "The resources that Javelin has mustered
are impressive and of significant value to us as we move to bring to market
breakthrough technologies for the creation, management, distribution and
preservation of documents. As a global business with local roots, we are tuned
into the economic potential of our region and see our relationship with Javelin
contributing to its regional superiority."
The new relationship is already delivering results for ComSynTech in the form
of new investment capital and potential partners. According to Gottfried, "The
aggregate business development potential for government contracts, alone, in
upstate New York exceeds $80 million. Add to this the additional opportunities
that this sort of churn drives, and the overall business potential of our
region approaches hundreds of millions of dollars."
According to Michael Perrotta, COO of ComSynTech, "What is particularly
inviting is Javelin's familiarity with the government mandates that call for
the development of business and the involvement of manufacturers in our region.
We see this as an opportunity that complements our business strategy by
providing resources that accelerate market availability for our technologies."
About ComSynTech
Communication Synergy Technologies Inc. (ComSynTech) develops and markets
document creation, management and preservation systems for medicine, industry,
finance and government. Its products provide efficiency, flexibility and
improved quality by automating the creation, capture, management, distribution,
archiving, preservation and retrieval of voice and word documents across
multiple markets. ComSynTech products and development platforms integrate with
and complement existing technologies, accelerating time-to-implementation.
DATASOURCE: Communication Synergy Technologies Inc.
CONTACT: Media Contact: Ron Roberts of Martino Flynn, LLC,
+1-585-421-0100, ; or Investor Relations: Michael J.
Perrotta, Chief Operating Officer of Communication Synergy Technologies Inc.,
+1-585-241-9150,