Posted On: 11/18/2013 8:31:09 AM
Post# of 94163
LTTC Lattice Completes Acquisition of InnoVisit
Lattice Completes Acquisition of InnoVisit
Seamless Technology Integration Strengthens ICON Platform; Expected to Drive Added Sales Growth
PENNSAUKEN, NJ--(Marketwired - Nov 18, 2013) - Lattice Incorporated (OTCQB: LTTC) ("Lattice" or the "Company"), a provider of advanced information and communications technology solutions to customers globally, completes asset purchase of InnoVisit's video conferencing technology. InnoVisit is a leading provider of video conferencing technology to the corrections market.
"We've had a great working relationship with InnoVisit for more than a year," stated Paul Burgess, CEO of Lattice. "Our customers have been very pleased with InnoVisit's technology and its seamless integration into our ICON platform. We plan to take advantage of new cross-selling opportunities with current customers and previous installations, and this technology has strengthened our competitive position, which should lead to accelerated sales growth as we expand our marketing efforts."
InnoVisit's video visitation technology is currently used by more than 90 facilities in 26 states and Canada.
ICON, Lattice's proprietary Integrated Corrections Operating Network, is a robust technology platform that provides secure, cloud-based management of all customer, payment, and accounting data for correctional facilities. ICON is designed to improve efficiency and accountability for correctional facilities ranging from large multi-facility operators to small individual facilities.
About Lattice Incorporated
Lattice Incorporated provides advanced information and communications technology solutions to customers globally. The Company's innovative, cost-effective solutions leverage its proprietary Nexus platform, a real-time transaction processing engine, to develop and deliver customized cloud-based software applications with military-grade security for markets that require highly secure solutions. For more information, visit http://www.latticeinc.com.
Safe Harbor Statement
Safe-Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the risk factors disclosed in the Company's periodic reports filed with the SEC. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk factors disclosed in the company's Forms 10-K previously filed with the SEC.
Contact:
Investor Relations
Brendan Hopkins
RedChip Companies, Inc.
Tel: +1-800-733-2447, ext. 134
bhopkins@redchip.com
http://www.redchip.com
Lattice Completes Acquisition of InnoVisit
Seamless Technology Integration Strengthens ICON Platform; Expected to Drive Added Sales Growth
PENNSAUKEN, NJ--(Marketwired - Nov 18, 2013) - Lattice Incorporated (OTCQB: LTTC) ("Lattice" or the "Company"), a provider of advanced information and communications technology solutions to customers globally, completes asset purchase of InnoVisit's video conferencing technology. InnoVisit is a leading provider of video conferencing technology to the corrections market.
"We've had a great working relationship with InnoVisit for more than a year," stated Paul Burgess, CEO of Lattice. "Our customers have been very pleased with InnoVisit's technology and its seamless integration into our ICON platform. We plan to take advantage of new cross-selling opportunities with current customers and previous installations, and this technology has strengthened our competitive position, which should lead to accelerated sales growth as we expand our marketing efforts."
InnoVisit's video visitation technology is currently used by more than 90 facilities in 26 states and Canada.
ICON, Lattice's proprietary Integrated Corrections Operating Network, is a robust technology platform that provides secure, cloud-based management of all customer, payment, and accounting data for correctional facilities. ICON is designed to improve efficiency and accountability for correctional facilities ranging from large multi-facility operators to small individual facilities.
About Lattice Incorporated
Lattice Incorporated provides advanced information and communications technology solutions to customers globally. The Company's innovative, cost-effective solutions leverage its proprietary Nexus platform, a real-time transaction processing engine, to develop and deliver customized cloud-based software applications with military-grade security for markets that require highly secure solutions. For more information, visit http://www.latticeinc.com.
Safe Harbor Statement
Safe-Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the risk factors disclosed in the Company's periodic reports filed with the SEC. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk factors disclosed in the company's Forms 10-K previously filed with the SEC.
Contact:
Investor Relations
Brendan Hopkins
RedChip Companies, Inc.
Tel: +1-800-733-2447, ext. 134
bhopkins@redchip.com
http://www.redchip.com
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