PENNSAUKEN, NJ -- (Marketwired) -- 04/15/14 -- Lattice Incorporated (OTCQB: LTTC) ("Lattice" or the "Company"), a cloud-solutions provider of inmate management network systems for correction facilities, has retained Communications Media Advisors ("CMA"), a boutique consulting firm focused on the telecommunications, media, and high tech industries, to assist in the development of a comprehensive international expansion strategy.
Under the terms of the agreement, CMA will assist Lattice in identifying the most attractive markets for expansion of the Company's corrections facility management and communications technology platform. CMA will also identify potential partners and licensees who can successfully win business for Lattice in these international markets. The project is expected to be completed in the current fiscal quarter.
"We've already established footholds for our technology in various international markets, including Canada, Europe, and Asia," stated Paul Burgess, CEO of Lattice. "With the help of CMA, whose team brings a wealth of international market experience directly related to the communications industry, we believe we're positioning ourselves for significant acceleration in the rollout of our industry-leading ICON platform globally, further propelling our revenue and earnings growth."
ICON is Lattice's proprietary integrated communications system for correctional facilities, offering telephone calls, voicemail, video visitation, e-mail, text messaging, and social media. The platform also includes a facility management and accounting package that enables efficient management of all prison processes, including telephone calls, commissary purchases, point-of-sale kiosks, biometrics, booking, incident reporting, and more. ICON's automated payment processing, billing, and accounting features reduce administrative overhead for corrections facilities. ICON is designed to improve efficiency and accountability for correctional facilities ranging from large multi-facility operators to small individual facilities.
About Lattice Incorporated
Lattice Incorporated provides advanced information and communications technology solutions to corrections facilities globally. The Company's innovative, cost-effective solutions leverage its proprietary Nexus platform, a real-time transaction processing engine, to develop and deliver customized cloud-based software applications with military-grade security for facilities that require highly secure solutions. For more information, visit http://www.latticeinc.com.
Safe Harbor Statement
Safe-Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the risk factors disclosed in the Company's periodic reports filed with the SEC. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk factors disclosed in the company's Forms 10-K previously filed with the SEC.