IBM Partners With Lite King On National Rollout
Lite King partnered with IBM on a project involving a nationally recognized chain of retail stores to install POS systems for 3,500 locations.
CHICAGO - April 15, 2002 -- Lite King Corporation, (OTCBB: LKNG) a leader in last-mile communications design and installation services, announced today that through its wholly owned subsidiary, National Cabling Services, Inc., that it has partnered with IBM to prepare their customers sites for installation of a new POS (point of sale) system.
The project involves roughly 3,500 sites for a nationally recognized chain of retail stores. Lite King is working with IBM as a partner to prepare each site for the installation of a new POS system. The project is nationwide with sites in nearly every state.
Craig Massner, President of Lite King and National Cabling, said, We are pleased to have been chosen by IBM for this project. It validates our prior announcement about expanding into AR, KS, CO, TX and AZ. The demand for last-mile communications installation and maintenance services is growing, especially amongst companies with nationwide locations where they need to know there is someone nearby who can service them. This contract is only the beginning. We expect to announce more nationwide programs in the near future and hopefully, well be announcing new locations to support that work in this quarter."
About Lite King
Through its wholly owned subsidiary, National Cabling Services, Inc., Lite King provides fiber-optic cable plant design, installation and maintenance services, commonly referred to as the last mile" fiber-optic installation services. National Cabling is a leader in last-mile fiber-optic cable plant design and installation services and carries an impressive array of Fortune 500 clients it services nationwide, as well as regional and local customers. National Cablings largest customer is NYSE: IBM
Forward Looking Statement
Certain statements contained herein are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve numerous risks and uncertainties, including, but not limited to, risks and uncertainties pertaining to development of Company's products and services and markets for such products and services, the timing and level of customer orders, competitive products and service, changes in economic conditions and other risks and uncertainties. Although the Company believes the statements are reasonable, it can give no assurance that such expectations will prove correct. The Company cautions that any forward-looking statements contained herein are not a guarantee of future performance and that actual results may differ materially.
Contact: Lite King Corporation
Rob Personett, CFO
309-266-5771 ext. 23
rpersonett@nationalcabling.com
www.nationalcabling.com
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