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CSYT Communication Synergy Technologies (CE)

0.000001
0.00 (0.00%)
18 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Communication Synergy Technologies (CE) USOTC:CSYT OTCMarkets 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% 0.000001 0.00 01:00:00

Communication Synergy Technologies Inc. Signs Agreement with Javelin Associates to Spur Development Funding for Proprietary Docu

19/05/2005 5:00pm

PR Newswire (US)


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,

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