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FOR IMMEDIATE RELEASE
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Science
Dynamics Corporation
Cherry Hill, NJ
856/424-0068
ir@scidyn.com
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SciDyn
Announces
Licensing of Technology Components
CHERRY HILL, N.J., March 18, 2003 /PRNewswire/ -- Science Dynamics
Corporation, SciDyn, (OTCBB:
SIDY), a
leading developer of advanced telecommunications solutions, announces
that it is changing its business strategy to include the licensing of
its proprietary technology.
Several key technologies incorporated in SciDyn’s core Bubblelink(R)
architecture, which already provide the foundation for various telecom
software applications, are now being offered to other companies on a
license basis. This license will enable other vendors to offer new
products and service features without significant cost or development
time.
SciDyn is providing the products in software application program
interface (API) format to allow system vendors to easily integrate the
software with new or existing products. Potential applications for this
open system architecture include fraud control, surveillance, and
recording of phone calls, critical functions for companies that provide
inmate call control services to prisons.
“Over the past several years, SciDyn has devoted significant resources
to developing leading edge software products.” stated Alan Bashforth,
SciDyn CEO and President. “Licensing this proven technology to
other vendors allows us to develop a new revenue stream and build new
relationships at very little additional cost.”
For more information about SciDyn’s new software licensing program,
please contact SciDyn at (856) 424-0068 or sales@scidyn.com.
About
Science Dynamics Corporation
Headquartered in Cherry Hill, New Jersey, Science Dynamics Corporation (SciDyn)
is a developer of telecommunications solutions. SciDyn's IP telephony
products enable the seamless connection between traditional circuit
switch-based networks and the next generation of packet-based networks.
Products include: The IntegratorC-2000(R) series of IP Telephony
Gateways, the Commander Call Control System, the MinuteMan Calling
Card/Billing System and the VFX-200 series of Video over Frame Relay
devices. Visit SciDyn's Web site at http://www.scidyn.com.
The Company is making this statement in order to satisfy the “safe
harbor” provisions contained in the Private Securities Litigation
Reform Act of 1995. This press release includes forward-looking
statements relating to the business of the Company. Forward-looking
statements contained herein or in other statements made by the Company
are made based on management's expectations and beliefs concerning
future events impacting the Company and are subject to risks,
uncertainties and factors relating to the other factors, which Company's
operations and business environment, all of which are difficult to
predict and many of which are beyond the control of the Company, that
could cause actual results of the Company to differ materially from
those set forth above and elsewhere in the Annual Report. The Company
may encounter competitive, technological, and financial and business
challenges making it more difficult to market its products and services,
the impact of which may in matters expressed in or implied by
forward-looking statements. The Company believes that the
following factors, among others, could in turn affect the Company's results
of operations and financial position, affect its future performance and
cause actual results of the Company to differ materially from those
expressed in or implied by forward-looking statements made by or on
behalf of the Company: (a) the effect of technological changes; (b)
increases in or unexpected losses; (c) increased competition; (d)
fluctuations in the costs to operate the business; (e) uninsurable
risks; and (f) general economic conditions.
For investor information, please contact Wayne Jenkins of IR
Specialists, Inc., at 401-615-0438 or wjenkins@irspecialists.com.
For Further Information, Please Contact:
Science
Dynamics Corporation, Cherry Hill, NJ.
856/424-0068
sales@scidyn.com
or
Wayne Jenkins of IR
Specialists, Inc., at 401-615-0438 or wjenkins@irspecialists.com
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