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Lattice Accelerating Growth With New InstallationsGrows Recurring Revenue Base (April 23, 2012)
PENNSAUKEN, NJ -- (Marketwire) -- 04/23/12 -- Lattice Incorporated (OTCBB: LTTC), a provider of advanced information and communications technology solutions to the corrections industry and key government agencies, announced today that its Telecom Services division, Lattice Secure Communications, has installed corrections technology systems for call management and secure communications for an additional 336 beds at three facilities in Iowa and Oklahoma.
New installations of Lattice's proprietary Nexus system are now operating in Iowa at Johnson County and in Oklahoma at the Blaine County and Pontotoc County correctional facilities.
Lattice CEO Paul Burgess said, "Continuing our focus on small to medium-sized correctional facilities, these new installations reflect our effectiveness in growing our market penetration and increasing our recurring revenue.
"While we are recording excellent gains in revenue producing installations, the growth potential looking forward remains significant. We expect to continue our progress in the U.S. corrections industry based on our state of the art technology, premier service and demonstrated demand from the industry," Burgess said.
About Lattice Incorporated
Lattice Incorporated is a provider of advanced information and communications technology solutions to the government and commercial markets. The company's Lattice Government Services division designs, deploys and manages advanced technological solutions at key government agencies and for mid- to large-sized enterprises. The company's Lattice Secure Communications division provides core proprietary platforms that develop customized software applications with military grade security for markets including correctional facilities that require highly secure solutions. For more information, visit http://www.latticeinc.com.
Investment profile about Lattice: http://www.hawkassociates.com/lttcprofile.aspx.
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Safe Harbor Statement
Safe-Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the risk factors disclosed in the Company's periodic reports filed with the SEC. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk factors disclosed in the company's Forms 10-K previously filed with the SEC.
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