Xeta acquires the PBX business of Hitachi Telecom (USA)

Xeta acquires the PBX business of Hitachi Telecom (USA)

BROKEN ARROW, OK – XETA Applied sciences (NASDAQ: XETA) introduced at present that it has acquired the PBX enterprise of Hitachi Telecom (USA), Inc. (“HITEL”) in an settlement efficient Might 5, 2006. Beneath the phrases of the settlement, XETA will fulfill HITEL’s remaining obligations underneath HITEL’s Approved Distributor Agreements, which cowl all assist for HITEL’s HCX5000 PBX methods, together with service, technical assist and the provision of components.

The acquisition value included the idea by XETA of the remaining obligations. To make sure a seamless transition for the advantage of distributors, HITEL has offered a transition payment to XETA and can present transition providers. The acquired enterprise is anticipated to generate future income for XETA within the type of technical assist charges, software program upgrades and components gross sales.

“XETA has been a really robust, full-service HITEL distributor for 13 years,” stated Greg Forrest, President and COO of XETA. “We’re delighted to have the ability to increase our position to work with all HITEL distributors by persevering with to supply distinctive assist of HITEL’s PBX merchandise, and we’re dedicated to sustaining the excessive normal of service that HITEL has established over time.”

XETA shall be prepared to debate the acquisition at its second quarter earnings convention name scheduled for Might 25, 2006, particulars of which shall be included within the second quarter press launch to be issued on Might 24, 2006.

About Hitachi Telecom (USA), Inc.

Hitachi Telecom (USA), Inc., a subsidiary of Hitachi America, Ltd., develops, manufactures and markets telecommunications gear for the North American market. The corporate presents ITU-compliant triple-play methods for fiber-to-the-premises functions and ultra-broadband optical networking gear akin to DWDM and SONET methods. For extra details about Hitachi Telecom (USA), Inc., go to www.hitachitelecom.com.

About XETA Applied sciences
XETA Applied sciences is a number one supplier of enterprise-class communication options, installations and providers within the rising and extremely technical world of converged communication options for voice and knowledge functions. XETA has gross sales and repair factors all through the nation. XETA is likely one of the largest suppliers of Avaya voice and knowledge communications options and has just lately added the Nortel voice and knowledge product line. XETA markets a spread of proprietary name accounting methods for the hospitality business and has lengthy been acknowledged because the main supplier of name accounting options for this business. Extra details about XETA (NASDAQ: XETA) is obtainable at www.xeta.com

“This press launch comprises forward-looking statements that are topic to the provisions of the Non-public Securities Litigation Reform Act of 1995. Such statements embody statements concerning expectations concerning the technology of future revenue. These and different forward-looking statements (usually recognized by phrases akin to “expects”, “plans”, “believes”, “probably”, “expects” and related phrases or expressions) mirror administration’s present expectations, assumptions and beliefs based mostly on data at present out there to administration.Buyers are cautioned that every one forward-looking statements are topic to sure dangers and uncertainties that are troublesome to foretell and which might trigger precise outcomes to vary materially from these projected. dangers are described in Merchandise 1.A entitled “Threat Elements” contained in Half I of Type 1 0-Ok of the Firm for its fiscal 12 months ended October 31, 2005, and in subsequent filings of the Firm’s Type 10-Q.”

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