Communication Synergy Technologies Inc. Signs Agreement with Javelin Associates to Spur Development Funding for Proprietary Docu
May 19 2005 - 12:00PM
PR Newswire (US)
Communication Synergy Technologies Inc. Signs Agreement with
Javelin Associates to Spur Development Funding for Proprietary
Document Archiving Technology ROCHESTER, N.Y., May 19
/PRNewswire-FirstCall/ -- Communication Synergy Technologies Inc.,
(ComSynTech) (CSYT) a developer of document management solutions,
has entered into an agreement with Javelin Associates of Rochester
to accelerate the commercialization of its proprietary document
archiving technologies. The partnership with Javelin is a logical
step in ComSynTech's process to identify additional funding and
channel partners to support its ongoing archiving solution
development efforts. The partnership provides ComSynTech with a
direct link to accelerate commercialization of its cutting-edge
technologies. According to Javelin CEO Henry Gottfried, "We are in
the business of bringing companies with unique proprietary
technology together with those having both funding and
commercialization resources to propel high-potential products into
the marketplace. The technologies developed by ComSynTech,
especially its breakthrough document storage solution, present a
significant opportunity to revolutionize document management
processes worldwide and to impact economic growth in upstate New
York." ComSynTech CEO Seth Borg said today: "The resources that
Javelin has mustered are impressive and of significant value to us
as we move to bring to market breakthrough technologies for the
creation, management, distribution and preservation of documents.
As a global business with local roots, we are tuned into the
economic potential of our region and see our relationship with
Javelin contributing to its regional superiority." The new
relationship is already delivering results for ComSynTech in the
form of new investment capital and potential partners. According to
Gottfried, "The aggregate business development potential for
government contracts, alone, in upstate New York exceeds $80
million. Add to this the additional opportunities that this sort of
churn drives, and the overall business potential of our region
approaches hundreds of millions of dollars." According to Michael
Perrotta, COO of ComSynTech, "What is particularly inviting is
Javelin's familiarity with the government mandates that call for
the development of business and the involvement of manufacturers in
our region. We see this as an opportunity that complements our
business strategy by providing resources that accelerate market
availability for our technologies." About ComSynTech Communication
Synergy Technologies Inc. (ComSynTech) develops and markets
document creation, management and preservation systems for
medicine, industry, finance and government. Its products provide
efficiency, flexibility and improved quality by automating the
creation, capture, management, distribution, archiving,
preservation and retrieval of voice and word documents across
multiple markets. ComSynTech products and development platforms
integrate with and complement existing technologies, accelerating
time-to-implementation. DATASOURCE: Communication Synergy
Technologies Inc. CONTACT: Media Contact: Ron Roberts of Martino
Flynn, LLC, +1-585-421-0100, ; or Investor Relations: Michael J.
Perrotta, Chief Operating Officer of Communication Synergy
Technologies Inc., +1-585-241-9150,
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