Message #17 From:
Stock News Bot Date: July 28, 2005 03:24:00 AM
SANZ News SANZ Receives Largest Order in Company History; $4.5 Million Order Comes From Major Federal Program
ENGLEWOOD, Colo.--(BUSINESS WIRE)--July 28, 2005--SANZ, Inc. (OTCBB:SANZ), a national provider of data storage management and system integration services, today announced that it has received an additional order of $4,500,000 for data storage products and services on a major federal program. The company expects the program will generate more than $16M in revenue over a five-year period ending in 2009 and that near term impact will be between $7 million and $9 million of revenue in 2005. The scope of program, as now designed, includes storage solution requirement definition, solution design and implementation as well as providing a broad scope of services to support a number of government locations worldwide
John Jenkins, CEO of SANZ, said, "This order is an additional release against a large program that really just got started in Q1 of 2005. Our technical and business development team continues to do a great job in execution in a very complex project environment. This new order moves the project to the next of several remaining stages."
SANZ is teamed with a large consulting and project management firm on this award and is contractually prohibited from disclosing any additional details at this time.
SANZ is a nationwide data storage consulting and integration firm focused exclusively on the design, deployment and support of intelligent data management. By utilizing a unique Data Protection Continuum(tm) methodology, SANZ delivers solutions that allow corporations and government agencies to secure their business-critical environments and maximize their IT investments. SANZ' EarthWhere(TM) software product is a spatial data provisioning application that manages, processes and delivers customized spatial imagery. SANZ is a subsidiary of SAN Holdings. For more information, call 303-660-3933, toll-free 800-554-3880 or visit www.sanz.com
FORWARD LOOKING STATEMENTS:
This press release contains statements that are "forward looking statements" under the federal Securities laws. Actual results could vary materially. Factors that could cause actual results to vary materially include, but are not limited to: component quality and availability, transition to new products, changes in business conditions, changes in the Company's sales strategy, competition in the storage management engineering services marketplace, competitive pricing pressures, continued market acceptance of the Company's products, delays in the development of new technology, changes in customer buying patterns, one-time events and other important factors disclosed previously and from time to time in the Company's filings at the U.S. Securities and Exchange Commission.
