Re Contract
20 9월 2000 - 4:00PM
UK Regulatory
RNS Number:2079R
EuroTelecom Communications Inc
20 September 2000
EuroTelecom Communications, Inc.
7 YEAR CONTRACT AWARDED BY JARVIS FACILITIES
EuroTelecom Communications Inc. ('EuroTelecom'), the AIM
quoted company whose 'application linking' technology is used
to create the communications backbone for intelligent
buildings, has been awarded a seven-year facilities management
contract by Jarvis Facilities Limited ('Jarvis'), part of
Jarvis plc, worth an aggregate of #1.75 million in revenues.
The initial contract of approximately #250,000 a year for
seven years may be extended up to a total of 30 years,
providing the initial term is completed successfully.
EuroTelecom will provide facilities management services
together with IT and telecommunications services at the Army
Foundation College at Harrogate, North Yorkshire. The college
site at Harrogate is a new training campus being built on the
site of a former Army training establishment. The facility
will accommodate 1,400 students for 12-month academic courses,
many of which are IT based.
Working in partnership with Jarvis, EuroTelecom intends to
provide an on-site service team which, in addition to
providing the services required under the Jarvis contract,
will procure telephony and IT hardware. Accordingly,
EuroTelecom expects to generate revenues from this
relationship in addition to those provided for within the
agreement.
Phil Derry, EuroTelecom's Chief Executive said :
'We are delighted to have secured this long-term contract with
Jarvis, one of the UK's leading facilities management
companies. We expect EuroTelecom's involvement with Jarvis
and the Army Foundation College to develop in both size and
breadth as the project progresses.'
This press release contains forward-looking statements. Such
statements are based on the current expectations and beliefs
of the management of EuroTelecom and are subject to a number
of factors and uncertainties that could cause actual results
to differ materially from those described in the forward-
looking statements.
For further information, please contact :
EuroTelecom
Phil Derry, Chief Executive 01709-874600
Graham Ford, Chief Operations Officer
www.eurotelecom.co.uk
Buchanan Communications
Steve Liebmann / Siobhan Young 020-7466-5000
www.buchanan.uk.com
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