First International Subsidiary Announced by OptiCon Board
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ST. PETERSBURG, FL, Nov 12 (MARKET WIRE) --
OptiCon Systems, Inc. (OTCBB: OPCN), a global provider of OSS
(Operational Support System) software applications for the Energy and
Telecommunications industries, announced today that the Board of
Directors approved the filing required to establish a foreign subsidiary
in South Africa under the name INFRAX Systems SA (PTY) LTD.
"We believe it is in the best interest of the corporation to expand our
current position in South Africa by formalizing our market presence as
'INFRAX Systems SA.' This commitment further reflects our strategic growth
into the international infrastructure arena," said Malcolm F. Welch,
Chairman of the Board. OptiCon Systems' name change to INFRAX Systems,
Inc. was previously announced and will be effective upon approval of the
State of Nevada.
"Municipalities throughout South Africa are investing in their
infrastructure and require the GIS-based fault location, provisioning
tools, and OSS functionality of the OptiCon Network Manager. The South
African Telecom vertical market is an optimum point of entry for expansion
throughout the continent," commented Paul Aiello, OptiCon's CEO.
"We are negotiating strategic relationships with leading service providers
and alternate channels of distribution in the Johannesburg and Capetown
municipalities, and will be establishing incremental representation
throughout South Africa over the next year," stated Tessa Lander, EVP and
Chief Operating Officer of OptiCon. "The profile of our partners include
full-service providers of network installation, monitoring and ongoing
support in a Virtual LAN to WAN integration architecture. Their Network
Operating Centers deliver outsourced management for anchor institutions,
eliminating redundant overhead and expertise requirements."
About OptiCon Systems
OptiCon Systems, Inc., through its subsidiary, provides Wireline, Wireless
and fiber optics network management solutions offering proprietary
state-of-the-art software, professional services and integrated systems.
OptiCon Systems have been in use by companies seeking the best solution in
managing their networks for the past 10 years. The company's software
solutions automate all aspects of the physical and logical layer
management, fault detection and delivery of information. The scalability
of the software systems permits the Company to target large
communications and telecom companies servicing millions of global
customers to medium-sized companies managing a single facility. Besides
OptiCon Network Manager (ONMS), the company will soon offer PowerCon
Energy Systems (PES) that is designed to manage large power networks and
facilities for power and alternative energy companies globally. The
PES/ONMS isolates (power/fiber) cable cuts, breaks, and faults, and
service degradation and other power and optical events to within plus or
minus five feet of the event, and produces a global positioning system
location for the outage to an approximate five foot section of cable.
For more information, please visit www.opticonsystemsinc.com.
Forward-Looking Statements
This press release may contain forward-looking statements covered within
the meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements relate to, among other things, plans and timing
for the introduction or enhancement of our services and products,
statements about future market conditions, supply and demand conditions,
and other expectations, intentions and plans contained in this press
release that are not historical fact and involve risks and uncertainties.
Our expectations regarding future revenues depend upon our ability to
develop and supply products and services that we may not produce today and
that meet defined specifications. When used in this press release, the
words "plan," "expect," "believe," and similar expressions generally
identify forward-looking statements. These statements reflect our current
expectations. They are subject to a number of risks and uncertainties,
including, but not limited to, changes in technology and changes in
pervasive markets.
Media Contact:
OptiCon Systems, Inc.
investors@opticonsystemsinc.com
Copyright 2009, Market Wire, All rights reserved.
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