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Technology Stocks : Communications Research Inc. (CRHI)

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From: Sidney Reilly11/3/2004 1:43:46 PM
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Communications Research is Awarded 3 Long Term IT Contracts
Monday November 1, 9:30 am ET

MAHWAH, N.J.--(BUSINESS WIRE)--Nov. 1, 2004--Communications Research, Inc. (OTCBB:CRHI - News) announced today they were awarded 3 two year projects from the Ramapo College of New Jersey. This sizable project win for the Company was awarded over fierce competition and positions the company with substantial workflow over the next few years.
The company has been retained as special systems consultant for audiovisual, Campus Cable TV and telephone/data for a new 450 bed residence hall, 60,000 sq. ft classroom building expansion and a Sustainability Building for environmental studies at Ramapo College of New Jersey. These projects, with other 6-12 school projects currently in progress assures CRI design, specification and project management work into the Fall of 2006. The company feels these projects will easily fit into their normal work-flow with a number of additional long term projects anticipated.

Carl Ceragno, president and lead design engineer stated, "It is very comforting to have our order backlog go from six months to two years. This workload makes it even more important to move TeleWriter Corporation out on it's own to gain more space for these projects in our existing location. With the planned near-term move of TeleWriter Corporation to Tampa Florida, we will gain enough additional space to easily handle the long term projects."

This news release contains forward-looking statements regarding CRHI's business strategies and future plans of operations. Forward-looking statements involve known and unknown risk and uncertainties. The company's risks and uncertainties include: intense price competition, economic, political and regulatory uncertainties, the need to raise additional capital for growth and expansion and its reliance on the internet as a means for promoting the software it sublicenses. The forward-looking statements contained in this news release speak only as of the date hereof and CRI disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in CRI's expectations or future events.
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