Communications Synergy Technologies Inc. Announces Licensing Agreement with Genus Corporation
February 23 2006 - 9:00AM
Business Wire
Leading Information Management Solutions Provider in Europe to
Integrate ComSynTech's Proprietary Archiving Technology with
Information Management Solutions Communication Synergy
Technologies, Inc. (OTCPK:CSYT) (ComSynTech), a developer of
radiology information management systems and document preservation
technology, announced today that it has agreed to license its
proprietary CDV Document Vault to Genus Corporation of
Warwickshire, UK. Genus will incorporate the Document Vault
archiving solution with DocFinity, an electronic document
management & workflow solution based on the award-winning
software from Optical Image Technology, Inc. Genus provides
document management solutions for over 5,000 customers in 60
countries with services that include document scanning,
microfilming, deep document storage, film scanning and digital
archiving. Genus and its related companies are worldwide
distributors of DocFinity. Combined, the companies' software
introduces a preservation and archiving technology into a globally
used document management suite that completely eliminates
dependency on originating hardware and software for archived
documents. Financial terms of the agreement were not disclosed. Mr.
Richard Negus, Chief Executive Officer of Genus Corporation, noted,
"Document Vault eliminates the need to maintain originating
hardware and software. The independence from originating programs
and systems is a critical component of our cost containment and
efficiency objectives, and it focuses on benefits that are
extremely important to our clients. By eliminating this major
stumbling block, Document Vault offers a significantly more
affordable alternative for document preservation." Document Vault,
which incorporates patent-pending technology, is a scalable,
user-friendly electronic archiving with an analog preservation
process. It provides auto-intelligence for the annotation and
staging of documents and files that is required to properly
preserve documents for efficient retrieval. Its integration with
Genus' DocFinity content management software suite has the
potential of enhancing over 3,000 worldwide applications of
DocFinity. Document Vault provides a wide spectrum of capabilities
including document imaging, document and records management and web
portal delivery. It also handles all document formats and provides
an intuitive user interface for searching, tracking and retrieving
documents. Dr. Seth A. Borg, ComSynTech Founder, President and
Chief Executive Officer, commented, "I see the licensing agreement
with Genus as a major step forward for us as it introduces our
archiving solution into the global market. Genus, with its
world-wide customer base to include North America, has a strong
track record for reliability, quality and customer focus which is
key to its broad customer acceptance. We believe Document Vault
fully supports Genus' commitment to deliver long-term, instant
access to documents conveniently and cost effectively." About Genus
Corporation Genus provides solutions and systems to capture, store,
access and archive corporate information. Genus is part of the J
& J Negus Ltd group of companies based in Nuneaton,
Warwickshire, UK. It has 40 staff dedicated to the provision of
document records and information management with a client base of
over 5,000 organizations in over 60 countries worldwide. It is
headquartered in Nuneaton and has operations in Belgium, France,
Germany, Holland and Ireland. More information about Genus and its
products and services can be found at its website:
www.genus.it.com. About ComSynTech Communication Synergy
Technologies, Inc. develops and markets document creation,
management and preservation systems for medicine, industry,
finance, and government. Its strategy is to continue to develop new
products to improve medical practices' processes and create
information preservation technologies. The products developed by
ComSynTech provide efficiency, improve operational processes and
enhances communication quality by automating the creation, capture,
management, distribution, archiving, preservation and retrieval of
voice and word documents. ComSynTech's InFORM(tm), Document Vault
and eflash integrate with, and complement, existing information
management systems enabling rapid implementation and ease of use.
More information about ComSynTech and its products can be found at
its website: www.comsyntech.com. Safe Harbor Statement This release
contains forward-looking statements regarding expectations for
future financial performance, which involve uncertainty and risk.
It is possible the Company's future financial performance may
differ from expectations due to a variety of factors including, but
not limited to, changes in economic and business conditions in the
world, increased competitive activity, achieving sales levels to
fulfill revenue expectations, technology advancements, unexpected
costs and charges, adequate funding for plans, regulatory and other
approvals and failure to implement all plans, for whatever reason.
It is not possible to foresee or identify all such factors. Any
forward-looking statements in this report are based on current
conditions; expected future developments and other factors it
believes are appropriate in the circumstances. Prospective
investors are cautioned that such statements are not a guarantee of
future performance and actual results or developments may differ
materially from those projected. The Company makes no commitment to
update any forward-looking statement included herein, or disclose
any facts, events or circumstances that may affect the accuracy of
any forward-looking statement.
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