eLinear Solutions Proudly Announces New Project in the United Arab Emirates; For Redha Al-Ansari Shares and Bonds (A Member of
24 Abril 2006 - 7:30AM
Business Wire
eLinear, Inc. (AMEX:ELU) announced today that it and its
subsidiary, eLinear Solutions Middle East FZ LLC, have recently
been awarded a new project to provide turnkey network and IP
telephony infrastructure for Redha Al-Ansari Shares and Bonds, a
UAE brokerage company. The project will commence immediately, and
revenue from this project will be recognized in the second fiscal
quarter of 2006. Ramzi Nassar, President of eLinear Solutions
Middle East FZ LLC, stated, "This turnkey infrastructure and
telephony project for the highly-reputed Redha Al-Ansari Shares and
Bonds is a great win for eLinear in the United Arab Emirates.
Working with Mr. Ahmed Al-Ansari on his vision and expansion plans
will require us to leverage our entire global team and partnership
network to deliver a solution consisting of LAN, WAN, Wireless,
Security, IP Telephony, and Physical Infrastructure components. We
are extremely glad to have the opportunity to work on such a
project!" Ahmed Al-Ansari, Chairman of Redha Al-Ansari Shares and
Bonds, added, "eLinear Solutions brought forth a highly
professional perspective and well-designed solution. Their team
gave me the confidence that this complex solution could be
delivered successfully and in line with my aggressive time
demands." About Redha Al-Ansari Shares and Bonds Co. Redha
Al-Ansari Shares and Bonds has recently been established and it was
developed out of a need to provide a reliable Brokerage Services to
the rapidly growing U.A.E. Local Shares and Bonds Market. It is the
most recent member of Al-Ansari Group of Companies. Redha Al-Ansari
Exchange Est. was the first member of this reputed group and this
was established in 1979 in Dubai. Mr. Redha Al-Ansari and his sons,
who are U.A.E. Nationals, wholly manage Al-Ansari Group of
Companies. Over four decades of family expertise in financial
industries and specifically in Money Exchange business helps them
to be the leaders in this business. Redha Al-Ansari Exchange Est.
is the first money exchange business, stemming from Al-Ansari
Exchange, initially established in 1945 in Dubai by the late Shaikh
G H Al-Ansari, the head of the Al-Ansari family and father of Redha
Al-Ansari. It has been the trusted exchange center for the locals
and the residents of UAE ever since. Redha Al-Ansari Exchange Est.
was established in Dubai in 1979 in continuation to the success of
Shaikh G H Al-Ansari's first exchange house, and has become a
reliable name in the market and one of the leaders in this business
within the region, and is presently operated through its 14
branches, which are located in Dubai, Abu Dhabi, Sharjah, and Al
Ain in U.A.E. Redha Al-Ansari Exchange has developed operations in
the area of Retail of Foreign Currency Services and Money Transfer.
For more information, see http://www.redhaalansari.com. 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.
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