IRVINE, Calif., Nov. 13, (PRIMEZONE) -- Network Installation Corp. (OTCBB:NWIS) announced 3rd quarter revenue of $444,736 for the period ended September 30, 2003 vs. no reported revenue for the period ended September 30, 2002.
Network Installation Chairman, Michael A. Novielli stated, "Since the closing of the Company's merger with Network Installation in May, we have continued to show marked growth in all facets of our core business. Although we took charges this quarter of approximately $2.4 million for non-cash, non-operating expenses, we couldn't be more excited about the business we have recently booked, our current bid backlog and our success in having transitioned seamlessly into the wireless sector of the market."
About Network Installation
Network Installation Corp., is a total IT solutions provider which designs, project manages and implements the infrastructure for the transmission of data, voice and video through traditional networks as well as wireless networks and Wi-Fi solutions. Some of Network's clients include; Wells Fargo, University of Southern California, UCLA, Los Angeles County and Orange County. To find out more about Network Installation Corp. (OTCBB: NWIS), visit our website at www.networkinstallationcorp.com. The Company's public financial information and filings can be viewed at www.sec.gov.
Forward Looking Statements
This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of wireless networks or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.