Burlington, Mass., April 12, 2005 – Ezenia! Inc. (OTCBB:EZEN.OB), a leading market provider of secure real-time collaboration solutions for government networks and eGovernment, today reported that that the Company plans to relocate the Company’s corporate headquarters in June 2005 to Nashua, New Hampshire and has relocated its Sales facility to Sterling, Virginia.
In February, Ezenia! entered into a five year lease and relocated its sales and service office to 107 Carpenter Drive, Suite 210, Sterling, Virginia 20164. At the same time, the Company entered into a sub lease arrangement for the remaining fourteen months on their Alexandria, Virginia location.
In March, Ezenia! also entered into a five year lease agreement to relocate the Company’s corporate headquarters to a new 6,000 square foot facility located at 14 Celina Avenue, Suite 17-18, Nashua, New Hampshire 03063 at the conclusion of its current lease in Burlington. The move is expected to be complete by June. Both of these moves will improve efficiency of facility utilization and commuting time, and result in lower occupancy-related costs on an annual basis by approximately $150,000.
“As stated in our 10K report filed for the period ending December 31, 2004, the Company continues to maintain a vigilant focus on all aspects of expense control, including occupancy costs, while striving to improve our top line of revenue and bookings. The relocation of the Headquarter and Sales facilities in New Hampshire and Virginia, respectively, will result in lower facility costs over the next five years, contribute positively to the bottom line profit while, at the same time, provide the necessary room to add personnel to foster top line growth,” noted John McMahon, Ezenia Corporate Controller. “We have a moral obligation to our shareholders and to ourselves to maintain a keen eye on expense control and continuously look for ways to improve operational efficiency in order to enhance profitability and increase shareholder value,” further remarked Mr. McMahon.
About Ezenia! Inc.
Ezenia! Inc. (OTC Bulletin Board: EZEN.OB), founded in 1991, is a leading provider of real-time collaboration solutions, bringing new and valuable levels of interaction and collaboration to corporate networks and the Internet. By integrating voice, video and data collaboration, the Company’s award-winning products enable groups to interact through a natural meeting experience regardless of geographic distance. Ezenia! products allow dispersed groups to work together in real-time using powerful capabilities such as instant messaging, white boarding, screen sharing and text chat. The ability to discuss projects, share information and modify documents allows users to significantly improve team communication and accelerate the decision-making process. More information about Ezenia! Inc. and its product offerings can be found at the company’s Web site,www.Ezenia.com.
Note to Investors
Statements included herein that are not historical facts include forward-looking statements. Such forward-looking statements involve risks and uncertainties that could cause actual operating results to differ from those indicated by such forward-looking statements. These risks and uncertainties include the considerations that are discussed in the Management’s Discussion and Analysis section of the Company’s 2006 Annual Report on Form 10-K for the year ended December 31, 2004, such as the evolution of Ezenia!’s market, its dependence on major customers, rapid technological change and competition within the collaborative software market, its reliance on third party technology, protection of its propriety technology, its history of liquidity concerns and operating losses, and other considerations that are discussed further in this report. Copies of the Company’s 2004 Annual Report on Form 10-K for the year ended December 31, 2004, or other publicly available financial information, may be received at no charge by contacting Investor Relations at Ezenia!.
Note: Ezenia! is a registered trademark of Ezenia! Inc., and the Ezenia! Logo and InfoWorkSpace are trademarks of Ezenia! Inc. Additional information on Ezenia! and its products is available at our website http://www.ezenia.com.