- Company Delivers Four Point Growth Plan -
July 25, 2007: 04:05 PM EST
FREMONT, Calif., July 25 /PRNewswire-FirstCall/ — AltiGen Communications, Inc. , a leading manufacturer of VoIP telephony solutions, today reported its financial results for the fiscal 2007 third quarter and nine months ended June 30, 2007.
Gilbert Hu, chairman and CEO, stated, “This quarter’s revenue of $4.2 million increased slightly compared to last quarter, and we are very encouraged by the positive reception of our 5.1 release now available across our entire product line. The new version uses Session Initiation Protocol (SIP), is compatible with the MAX1000 launched in December and creates an affordable, scalable communications solution that is particularly attractive for multi-location small-to-medium-sized businesses (SMBs).”
Hu continued, “Last quarter, we added management resources and welcomed Jerry Fleming to our team. Jerry will focus on operations in the US and Europe, including investor relations, as I continue to lead AltiGen with specific focus on Asia.”
Jeremiah Fleming, president and COO, commented, “After visiting with many resellers and customers, I am even more convinced about our growth opportunities. The feedback from these meetings significantly contributed to the development of our new Four Point Growth Plan, which we are executing now to drive future growth and shareholder value.”
Four Point Growth Plan -- Increase the distribution channel. -- Introduce new revenue sources. -- Implement improved, segmented marketing. -- Further improve product functionality and scalability.
“In the past quarter, we added approximately 30 resellers to our ranks, and we anticipate they can be revenue contributors in approximately six months. Additionally, this fall we will implement software assurance and hardware warranty programs, which will better serve our clients, add a recurring revenue stream, and identify client expansion opportunities. We continue to see more multi-location deals as we demonstrate the ability of our systems to significantly reduce the cost of ownership in customers’ remote offices. I look forward to updating you on our progress as we implement all the stages of our growth plan,” concluded Fleming.