PALMETTO, Fla., June 3 /PRNewswire-FirstCall/ -- Teltronics, Inc. (OTC Bulletin Board: TELT), a leading provider of communication solutions and services, today announced its recognition on the prestigious VAR 500 List of top revenue generating VARs by Channelweb.com. The VAR 500 List represents the largest IT solution providers, integrators and services companies in North America. This marks Teltronics' fourth consecutive year making this list, and Teltronics 2009 revenue total boosted the ranking by 18% as compared to last year's list. Although 2009 was economically challenging, Teltronics packaged some target-driven market solutions that augmented revenue.
The ranking was determined by evaluating 2009 fiscal year gross revenue generated by the sale of IT goods (software and hardware), software licensing, custom software sales, and professional & managed services for thousands of VARs across the country.
"Teltronics is pleased to once again be recognized as a leading solutions provider and technology integrator by Channelweb.com," states Ewen Cameron, President and CEO for Teltronics. "Our top priority is to provide state-of-the-art products and build strong personal relationships with our customers." Cameron continues, "The performance and reliability of our products have afforded Teltronics a loyal following of customers worldwide which adds further credibility to the list ranking. These customers come from markets that include education, healthcare, prison & municipal systems at the local, state and federal level."
Channelweb.com, a United Business Media publication and the longest standing channel-focused publication in the world, provides channel analysis, technology insight and management strategy to leading solution providers and technology integrators.
Teltronics is listed among the other ranked VARs in the May 24, 2010 print issue of CRN magazine. Teltronics will receive further acknowledgement as a VIP at an awards gala June 8, 2010, in New York City, NY.
Teltronics, Inc. is a leading, global provider of innovative communications solutions that enable our customers to increase revenues, decrease costs and improve productivity. The Company designs, develops and manufactures electronic equipment and software applications that enhance the performance of communications networks. Teltronics develops VoIP and digital voice communications platforms and software and contact center solutions for small-to-large size businesses and government facilities. Teltronics is also recognized as a leading provider of network management solutions enabling enterprises and service providers to effectively monitor and maintain voice and data networks. All products are manufactured in an ISO 9001:2008 certified factory and the Company serves as a contract manufacturing partner to customers nationwide. Further information regarding Teltronics is available at the web site, www.teltronics.com.
A number of statements contained in this press release are forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such because the context of the statement will include words such as we "believe," "anticipate," "expect," or words of similar import. Similarly, statements that describe our future plans, objectives, strategies or goals are also forward-looking statements. These forward-looking statements involve a number of risks and uncertainties that may materially adversely affect the anticipated results. Such risks and uncertainties include, but are not limited to, the timely development and market acceptance of products and technologies, competitive market conditions, payment of the consideration under our acquisition agreements, successful integration of acquisitions and the failure to realize the expected benefits of such acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses, the ability to make payments under our outstanding indebtedness, the ability to pay dividends on our preferred stock, risks relating to foreign currency translations, and other factors described in the Company's filings with the Securities and Exchange Commission. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements made herein and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are only made as of the date of this press release and we disclaim any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
SOURCE Teltronics, Inc.