eLinear, Inc. (AMEX:ELU) announced today that it and its wholly owned subsidiary, eLinear Solutions, have been awarded $650,000 in new technology solutions business. Approximately $300,000 of the total is a compliance driven centralized storage solution for a current customer within the banking sector. This customer has been in business for over 40 years and offers a full range of consumer and commercial financial services for businesses and individuals in the Dallas/Fort Worth Metroplex. The balance of the $650,000 in new business includes a variety of solutions to customers within the Healthcare and Energy sector. Michael Lewis, President & Chief Executive Officer of eLinear, stated, "We are providing a storage solution for a banking customer, specifically focusing on their central data repository and aiding them in their compliance efforts. This win represents the growing need for banks to maintain effective controls on customer data in an increasingly strict regulatory environment." About eLinear, Inc. eLinear, Inc. is a communications, security and compliance company providing integrated technology solutions including information and physical security, IP Telephony and network and storage solutions infrastructure. Typically, the company's customers are Fortune 2000 and small to medium sized business organizations. eLinear's services are offered to companies seeking to increase productivity or reduce costs through investing in technology. eLinear has a national and international footprint and has its headquarters in Houston, Texas. For more information, see http://www.elinear.com. Safe Harbor Statement This press release contains statements that may constitute forward-looking statements, including the company's ability to realize the projected revenues from the newly announced project orders and the future strength of the company's business and industry. These statements are based on current expectations and assumptions and involve a number of uncertainties and risks that could cause actual results to differ materially from those currently expected. For additional information about eLinear please visit www.elinear.com or www.sec.gov. eLinear undertakes no obligation to update any forward-looking statement that may be made from time to time by or on behalf of the company, whether as a result of new information, future events or otherwise.
Elinear (AMEX:ELU)
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