Light Management Group Inc. Announces Distribution Contract for
South American Subsidiary with Master Distributor Esoluciones
S.A.
NORCROSS, Ga.--(BUSINESS
WIRE)--March 4, 2002--Light Management Group Inc. (OTCBB:LMGR
- news)
Optico Luz SA to Re-Sell
NetScreen Technologies Products
Light Management Group Inc. (LMG)
(OTCBB:LMGR
- news;
lmgr.net), developer of new applications in optical and light
technologies employing sound waves, today announced that its
South American subsidiary, Optico Luz SA, has procured a
contract to be a distributor of NetScreen Technologies (Nasdaq:NSCN
- news)
products for Esoluciones S.A.
According to the terms of the
contract, Optico Luz SA will become a VAR (Value-Added
Re-seller) for Esoluciones S.A. in the territory of Ecuador.
Esoluciones S.A. is a Colombian-based company that distributes
software and hardware to clients, along with solutions in remote
connectivity, network management, security, internetworking and
administration of Computer Science. Esoluciones S.A. is the
Master Distributor of NetScreen products throughout the Andean
Pact nations of Ecuador, Guyana, Suriname and Venezuela,
providing complete infrastructure for support and local service.
NetScreen Technologies
develops, markets and sells a broad family of network security
systems and appliances that deliver high-performance,
cost-effective security for enterprises and service providers.
Its security systems and appliances deliver integrated firewall,
virtual private network and network traffic management
capabilities in a single device using its proprietary
application-specific integrated circuit (``GigaScreen ASIC'')
and its proprietary security operating system and applications
(``ScreenOS'').
Several of NetScreen
Technologies' products have won prestigious technology awards.
The NetScreen-5XP Operating System, for instance, won the
SuperQuest Award for ``Most Promising New Technology'' in the
Application Layer Systems and Technology category at the 2001
SuperComm technology exhibition in Atlanta. The SuperQuest
Awards are sponsored by SuperComm and CMP Media's tele.com
magazine.
Optico Luz SA was launched as a
subsidiary of Light Management Group in April, 2001. Its mandate
is to enhance and capitalize on the tremendous growth of the
fiber optic and telecommunications industries in Latin America.
During its first quarter of operation, Optico Luz SA was already
in a position of achieving revenue, as announced on July 27,
2001.
``Optico Luz is very proud to
re-sell an accomplished internet security product line of such
renown and applicability as the NetScreen products,'' said
Eduardo Ayala, President, Optico Luz SA. ``Through our new
initiative with Esoluciones S.A., Optico Luz will realize
revenue as a re-seller of products with tremendous appeal to
internet-based businesses and ISPs in a territory with
fast-emerging telecommunications concerns.''
Light Management Group Inc.
specializes in the development of new applications in optical
and light technologies. LMG's breakthrough technology employs
sound waves to focus and direct light. LMG has filed for two
United States patents in the fiber optics field, both of which
could have significant applications in telecommunications, data
transmission, and Internet technology. Light Management Group is
committed to fulfilling demand for multiple, complex levels of
switching within the communications industry.
Cautionary
Statement for Purposes of the ``Safe Harbor'' Provisions of the
Private Securities Litigation Reform Act of 1995: Statements,
other than historical facts, included in the foregoing news
release may constitute ``forward looking statements'' within the
meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934,
as amended. These statements, which include, but are not limited
to, words such as ``expect,'' ``anticipate,'' ``estimate,''
``plan,'' ``project'' and ``intend'' are based on management's
beliefs and assumptions, and on information currently available
to management and involve certain known and unknown risks,
uncertainties and other factors which may cause these statements
to be materially different from any future results, performance
or achievements expressed or implied by these forward-looking
statements. Such factors include, among others, the Company's
ability to successfully implement its business plan and
integrate any proposed and future business arrangements;
potential fluctuations in financial results, dependence on new
product development, rapid technological and market change,
failure to complete the manufacture of products on schedule and
on budget, uncertainties relating to business and economic
conditions in markets in which the Company operates and relating
to customer plans and commitments; dependence on intellectual
property rights; and the competitive environment in which the
Company operates and other risks detailed from time to time in
the Company's periodic reports filed with the United States
Securities and Exchange Commission and other regulatory
authorities. |