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FOR IMMEDIATE RELEASE
SciDyn and Mercury
Corporation Sign Korean
Distribution Agreement to Deliver
Video Conferencing over Frame Relay and ATM
CHERRY HILL, N.J., June 4, 2002 /PRNewswire/ -- Science
Dynamics Corporation (SciDyn), a leading developer and supplier of
advanced telecommunications products and applications, announced an
exclusive distribution agreement with Mercury Corporation of Seoul,
Korea, for the VFX-250S device which transports multipoint video
conferencing over Frame Relay and ATM networks.
“At
a time when video conferencing has become such an essential means of
communication, we are extremely pleased to have this opportunity with
Mercury to provide a cost-effective solution,” stated Alan C.
Bashforth, President of SciDyn. “This
method of video conferencing enables users to combine video with voice
and data requirements over a converged network, thus providing a
substantial cost savings and increased functionality.”
The
flexibility of the VFX allows Mercury, a Korean based company, to offer
a wide variety of previously unattainable configurations, incorporating
technologies from multiple access equipment providers across both Frame
Relay and ATM networks. The
ability to integrate voice, video and data communications over Frame
Relay and ATM reinforces Mercury’s commitment to becoming a leading
total solution provider.
“Recently, public institutions have begun using ATM
networks for leased line and high speed Internet services. For
connecting their existing video conferencing systems to these networks,
they need a conversion device such as VFX-250S. We
will supply Korea Telecom with the VFX-250S to provide video
conferencing with their ATM service,” stated Mr. C. K. Hahn, Managing
Director of Mercury Corporation.
About Mercury Corporation
Mercury Corporation, a Korean telecom equipment provider, has a
paid-in capital of 87.2 billion won and employs about 870 staff. One of its
major shareholders is CVC consortium, which includes CVC Asia Pacific
Ltd., an investment arm of City Group, Carlyle Asia Investment Advisors
Ltd. and Prudential's PPM Ventures Asia Ltd.
Visit Mercury Corporation’s Web site at http://www.mercurykr.com.
About Science Dynamics
Corporation
Headquartered
in Cherry Hill, New Jersey, Science Dynamics Corporation (SciDyn) is a
leading developer and supplier of advanced telecommunications products
and applications. 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® series of IP Telephony Gateways, the Commander Call
Control System and the VFX-200 series of Video over Frame Relay Access
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 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 Further Information, Please Contact:
Science
Dynamics Corporation, Cherry Hill, NJ.
Kimberly Hartman or Peggy Wargo
856/424-0068
ir@scidyn.com
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