NEW ORLEANS -- Signed PK Derek Dimke and OT Tavon Rooks to future contracts
The Cost/Schedule Status Report (C/SSR) is rescinded effective immediately (except to the extent that it is required under current contracts) and shall not be used to satisfy the EVM reporting requirement on future contract
Factors that could cause or contribute to such differences include, but are not limited to, XET's status of supplier of choice for future contracts
for electronic subsystems discussed in this press release, the possibility that the contract for electronic subsystems discussed herein may not carry on into 2004 and those factors contained in the "Risk Factors" Section of the Company's Form 10-K for the year ended December 31, 2002.
All financial projections and future contract
award opinions by management, which are not historical are management's and are subject to changes based upon future operational results.
Such statements include, but are not limited to, statements concerning commitments for drilling work or contracts, future dayrates, future contract
revenues, the term and start date of future contracts
, entry into definitive agreements, consummation of awarded contracts, satisfaction of conditions precedent, future growth in demand for equipment types or in any region, future cash flows, and future contracts
Additionally, the company has been working hard to establish a pipeline of future contracts
The forward-looking statements in this release address a variety of subjects, including, without limitation, the future prospects for our proprietary PBX and IP-PBX systems, our expectation for revenue growth in our next fiscal quarter, our projection that future contracts
will result in a lower rate of revenue deferral, our belief that past sales increases are indicators of positive momentum in the IP-PBX and voice applications market, and our belief that the non-GAAP financial measure presented provide information that investors will find useful.