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DataLogic International, Inc. Admits Mistake Concerning
Announcement of an Agreement With SINA Corporation to Market VoIP Phones
IRVINE, Calif., Nov. 12 /PRNewswire-FirstCall/ -- DataLogic International,
Inc., (OTC Bulletin Board: DLGI; Berlin, Frankfurt Stock Exchange: 779612) a
technology and professional services company providing a wide range of
consulting services, telecommunications products such as VoIP equipment, and
GPS vehicle tracking devices, admitted making a mistake with its announcement
that its wholly owned subsidiary, IPN Communications, Inc. (IPN), had signed an
agreement to market VoIP phones with SINA Corporation (NASDAQ:SINA).
In clarifying remarks about the November 11, 2004 press release, Keith Nguyen,
DLGI's President said, "Unfortunately, the announcement was somewhat premature
since it was made without the approval of SINA Corporation and the agreement is
yet to be completely executed. Earlier today, I extended my sincere apologies
to SINA Corporation for the misunderstanding. Under the proposed Merchant
Service Agreement, IPN will offer its VoIP phones to retail customers who visit
the electronic shopping service http://mall.sina.com/. SINA Corporation's
subsidiary Sina.com Online, a California corporation, will provide IPN with a
presence in its Mall System that includes a Merchant Store and Transaction
Processing Services. I want to clarify that SINA Corporation does not purchase
goods or services from IPN."
About IPN Communications, Inc.
IPN Communications, Inc., a wholly owned subsidiary of DataLogic International,
Inc., is a provider of voice over Internet protocol (VoIP) telephony products
and services. The company targets consumers and business users on a worldwide
basis who seek to reduce communication costs. IPN's product suite includes USB
and Ethernet based VoIP phones, IP Phone adapters, videophones, and turnkey
servers that support in-network VoIP calling and VoIP to public-switch
telephone networks (PSTN). For more information about IPN Communications,
please visit http://www.ipncom.com/.
About DataLogic International, Inc.
DataLogic International, Inc. is a technology and professional services company
providing a wide range of consulting services and telecommunications products
such as VoIP phones, videophones, communications servers and GPS vehicle
tracking devices. The company also provides Information Technology outsourcing
and consulting services. DataLogic's clients include U.S. and international
governmental agencies as well as a variety of international commercial
organizations. For more information, please visit DataLogic International's
web site at http://www.dlgi.com/.
This news release includes forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, as amended, regarding, among other things, our plans,
strategies and prospects, both business and financial. Although we believe that
our plans, intentions and expectations reflected in or suggested by these
forward-looking statements are reasonable, we cannot assure you that we will
achieve or realize these plans, intentions or expectations. Forward-looking
statements are inherently subject to risks, uncertainties and assumptions. Many
of the forward-looking statements contained in this news release may be
identified by the use of forward-looking words such as: believe, expect,
anticipate, should, planned, will, may, intend, estimated, and potential, among
others. Important factors that could cause actual results to differ materially
from the forward-looking statements we make in this news release include market
conditions and those set forth in reports or documents that we file from time
to time with the United States Securities and Exchange Commission. All
forward-looking statements attributable to DataLogic International or a person
acting on its behalf are expressly qualified in their entirety by this
cautionary language.
Contact Information:
Donna Dolan
Investor Relations
949-260-0120 ext 204
DATASOURCE: DataLogic International, Inc.
CONTACT: Donna Dolan, Investor Relations of DataLogic International,
Inc., +1-949-260-0120, ext. 204,
Web site: http://mall.sina.com/
Web site: http://www.ipncom.com/
Web site: http://www.dlgi.com/