Zeros & Ones Awarded Technology Contracts with National Legal Services|
Development Work Valued in Excess of $1 Million
LOS ANGELES--(BUSINESS WIRE)--Sept. 22, 1999-- Zeros & Ones, Inc. (OTC BB: ZOZO - news) announced today that it has been retained by National Legal Services, Inc. (NLS) to help design the information technology infrastructure of a major new electronic commerce business in the legal services industry.
The consulting agreement between NLS and Zeros & Ones is the first step to a development contract worth over $1 million in revenue beginning in the fourth quarter of 1999.
NLS is developing a first-of-its-kind nationwide offering of legal services. Zeros & Ones is providing strategic expertise, developing the system architecture and assisting is selecting the core technologies for the endeavor.
NLS has retained Zeros & Ones on an ongoing basis to develop the long term technology strategy and ensure that NLS is continually on the cutting edge of technology and content for their service. In parallel, Zeros & Ones Content Development Group (formerly Quantum Arts, Inc.) has been developing a working prototype which is being utilized by NLS to secure major strategic partnerships for the operations of their business system.
``Projects of this nature reinforce the growing need for businesses to harness the technologies in a way that empowers them to better serve their customers,' commented Robert Holtz, Chairman and CEO of Zeros & Ones. ``National Legal Services has a very clear vision for revolutionizing the legal services sector. We are delighted to be a part of it.'
Solomon Weingarten, Chief Operating Officer of NLS remarked, ``Working with Zeros & Ones has not only helped us to refine our business model and make more informed technology decisions, they have introduced us to a network of contacts and associations that will extend our long term potential.'
Zeros & Ones (www.zerosones.com) is the definitive global source for products and services geared to the convergence of the Web, interactive and digital TV, electronic games and emerging entertainment platforms.
Founded in 1994 and based in Los Angeles, the company is focused on content development and technical consulting services and applications. Zeros & Ones generates revenues by developing industry-shaping Web environments, providing direct-to-consumer retailing solutions, and developing technologies for integration into software and hardware products.
This news release contains forward-looking statements, including but not limited to, those that refer to the company's plans for future exchange listings, or future development plans or operating results that are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties.
Actual results could differ materially from those anticipated due to risk factors that include, but are not limited to, lack of timely development of products and services by the company; lack of market acceptance of products, services and technologies; inadequate capital; adverse government regulations; competition; lack of operating experience; inability to earn revenue or profits; dependence on certain individuals; inability to obtain or protect intellectual property rights; risks associated with customer concentration; inability to obtain NASDAQ Small Cap Market or any other listing for the company's securities; lower sales and higher operating cost than expected; technological obsolescence of the company's products; limited operating history and risks inherent in the entertainment, telecommunications and Internet markets and business.
Zeros & Ones, Inc. trades on the OTC Electronic Bulletin Board under the symbol ``ZOZO'.
Zeros & Ones, Inc.
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