PENNSAUKEN, NJ--(Marketwired - May 21, 2013) - Lattice Incorporated (
Lattice completed the installation of its Nexus system at the Dawson County Jail in Lamesa, Texas, and has signed a contract to install its Nexus platform at the Marion County Jail in Jefferson, Texas. Lattice, in conjunction with service providers using its technology, currently services over 50,000 inmates in the U.S. With a growing number of installations, the Company anticipates this number to continue to expand throughout the year.
Lattice's industry-leading Nexus system provides an advanced inmate telephone management solution that is proven to improve efficiency, reduce costs, and enhance security for correctional facilities. The system includes a wide array of sophisticated investigative tools for facility administrators.
"We are pleased to further expand our footprint in the state of Texas," stated Mr. Paul Burgess, Chief Executive Officer of Lattice. "With a prison population of over 172,000 inmates, greater than any other U.S. state, Texas represents a substantial market opportunity for Lattice. Our ability to continue achieving new contract wins in the U.S. and abroad, while adding recurring revenue streams, reflects the robust demand for our industry-leading communications technology."
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
