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Just like you never want to hear a doctor say "oops" in the operating room, you never want to see a going-concern statement
in a financial report about a company you own. Accountants throw these in when they've been over the books, talked to customers,
and checked the horoscopes and have concluded there is "substantial doubt" about a company's ability to remain in business.
In short, don't blame the accountants if the company files for bankruptcy protection.
You¿d reckon that a going-concern
statement would be enough to send investors running to the exits, but it's not. True, many large institutions automatically
bail when an existing company gets slapped with one of these, but many individuals (often wrongly) take a chance they know
more than the bean counters.
During the tech boom of the late 1990s, many companies actually went public even though they had been hit with going-concern statements. Many of those companies subsequently disappeared. Enough said.
Home / Markets / Industries / Telecom
Wednesday, June 25, 2008
AltiGen Provides Cost-Effective Phone Solution to Beacon City School District
Comtex
FREMONT, Calif., June 25, 2008 /PRNewswire-FirstCall via COMTEX/ ----AltiGen(R) Communications, Inc. (Nasdaq: ATGN), a leading provider of VoIP business phone systems and Unified Communications solutions for small-to-medium businesses (SMBs), including companies with multiple distributed locations, branch offices and call centers, announced Beacon City School District in New York state selected its AltiGen VoIP phone system for the system's low cost of deployment, rich feature set and high service continuity. The district is comprised of K-12 educational institutions with four elementary schools, a middle school and a high school, totaling 3,700 students.
Charlie Symon, Beacon's assistant superintendent for media and operational services, said, "Our goal was to standardize on one phone system that would seamlessly unite our 500 employees across the entire district without increasing costs. As an educational institution, it was extremely important that our system employ redundant AltiGen servers to ensure reliability in the event of an emergency situation. AltiGen met all of our requirements at an affordable price with flexible features that improve employee efficiency and reduce system management costs and burdens."
The AltiGen system was installed by GraceCom Telecommunications, a leader in customized application of telecommunications technology. Kevin P. Grace, president of GraceCom, stated, "With built in centralized call recording on all trunks and detailed reporting on all call activity, Beacon discovered that the AltiGen VoIP system installed by GraceCom is a great solution for safety and security for schools. In addition, with easily programmable Enterprise Microsoft Windows Administration, Beacon will start to realize hard dollar savings immediately for any changes or rearrangements to the AltiGen VoIP phone system, especially now that all changes are done logically, not physically."
"While this six-site deployment meets the district's current demands, it can also be scaled easily to meet future growth needs simply by adding to the initial investment through upgrades to the system, including adding more gateways," said Mike Plumer, AltiGen's vice president of sales. "Other benefits of the AltiGen solution include redundancy, call recording, mobile extensions, administration and phone system / call activity reporting."
About AltiGen Communications
AltiGen Communications, Inc. (Nasdaq: ATGN) is a leading provider of VoIP business phone systems and Microsoft-based Unified Communications solutions for small-to-medium businesses (SMBs), including companies with multiple distributed locations, branch offices and call centers. AltiGen's scalable, integrated, and easy to manage all-in-one unified communications solutions enable an array of applications like standards based SIP VoIP phones and servers, unified messaging, voicemail, call recording, conferencing, call activity reporting and mobility solutions that leverage both the Internet and the public telephone network to take advantage of the convergence of voice and data communications. AltiGen's systems are designed with an open architecture and are built on an industry standard platform. This adherence to widely used standards allows products to integrate with and leverage the existing technology investment of partners and customers. For more information, call 1-888-ALTIGEN or visit the web site at http://www.altigen.com.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, including, without limitation, statements regarding the continued market acceptance of our Voice over IP telephone systems, and our ability to meet customer's future growth needs. These statements reflect management's current expectation. However, actual results could differ materially as a result of unknown risks and uncertainties, including but not limited to, risks related to AltiGen's limited operating history. For a more detailed description of these and other risks and uncertainties affecting AltiGen's performance, please refer to AltiGen's Annual Report on Form 10-K for the fiscal year ended September 30, 2007 and all subsequent current reports on Form 8-K and quarterly reports on Form 10-Q. All forward-looking statements in this press release are based on information available to AltiGen as of the date hereof and AltiGen assumes no obligation to update these forward-looking statements.
SOURCE AltiGen Communications, Inc.
http://www.altigen.com
Copyright (C) 2008 PR Newswire. All rights reserved
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