Release
OptiCon (OPCN) to Resume Negotiations to Sell Its World Class Hybrid Network Management System, OptiCon R4 PowerCon Energy Systems Receives Interest
OptiCon Systems, Inc., a leading global provider of communications and telecommunications software for Wireline, Wireless and fiber optics, announced today that it has resumed its negotiation to spin-off (sell) its Hybrid Network Management System, OptiCon R4, with interested party(s). As we have pointed out in the previous PR release, the Company received a purchase offer in the high eight figures for its Hybrid Network Management System, OptiCon R4. We then rejected the offer as the Company believed that it did not reflect more accurately to the true value of OptiCon R4.
The Company believes that the potential marketplace for its next generation OptiCon R4 is in $40 to $60 billion dollars by 2010, with due consideration for the pedigree, the name, its world class architecture and other applicable and developable platforms such as PowerCon. We are in the process of working with a third party valuation firm to form a concrete valuation model which should be available shortly. This valuation model, for our OptiCon R4 asset, will be used as a base for our negotiations with the interested buyer(s).
In addition, these are other corporate updates:
1- PowerCon will be spun off as soon as we receive clearance from the state of Nevada, for a possible sale or a public offering per our previous released PR.
2- We have contracted a world class developer to revamp our website. Our new website should go live within days. We will also have new contact information for our investors.
3- We are in the process of Opening a satellite office in South Africa as OptiConSA. This presence will be a prelude to a possible public offering on Johannesburg Stock Exchange (JSE Securities Exchange).
4- We are in negotiation with two potential partners for possible Joint Ventures to sell OptiCon Network Manager.
5- OptiCon is in the process of hiring staff to fill positions at the Company to cover our rapid international growth. Positions may include: CEO, Chief Operating Officer, VP of Sales, Sales Engineers and programmers.
"We consider our duties to our investors priority number one. We have worked diligently to bring the Company to its current position as a world class enterprise system for communication companies. Much more good news coming in the near future," stated Mr. Sam Talari, acting CEO of OptiCon.
About OptiCon Systems
OptiCon Systems, Inc. provides Wireline, Wireless and fiber optics network management solutions offering proprietary state-of-the-art software, professional services and integrated systems. OptiCon Systems have been in use by companies seeking the best solution in managing their networks for the past 10 years. The company’s software solutions automate all aspects of the physical and logical layer management, fault detection and delivery of information. The scalability of the software systems permits the Company to target large communications and telecom companies servicing millions of global customers to medium-sized companies managing a single facility. Besides OptiCon Network Manager (ONMS), the company will soon offer PowerCon Energy Systems (PES) that is designed to manage large power networks and facilities for power and alternative energy companies globally. The PES/ONMS isolates (power/fiber) cable cuts, breaks, and faults, and service degradation and other power and optical events to within plus or minus five feet of the event, and produces a global positioning system location for the outage to an approximate five foot section of cable.
For more information, please visit www.opticonsystemsinc.com.