Time Spot Press Releases
Time Spot PARTNERS WITH VYTEK TO WIN CISCO AWARD
TEMPE, AZ, October 1, 2003 -- Time Spot, Inc., the operating subsidiary of Vitrix, Inc. (OTC Bulletin Board: VRXI), announced today that Vytek Solution?s ExtendTime application won the award for ?Best Return on Investment and Innovation in a Vertical Market ? Manufacturing? at Cisco?s Innovation Through Convergence (ITC) Expo. The ExtendTime application is powered by NETtime, a Time Spot time and labor management solution.
ExtendTime delivers time and attendance capabilities to businesses through Cisco?s IP phones, transforming them into business tools by combining call features with advanced application functionality. This revolutionary technology provides a gateway to critical business data by enabling organizations to input and manage employee time and attendance information from IP phones.
The demand for Converged IP solutions has steadily grown in the HR marketplace because of the flexibility, breadth of functionality, and return on investment they provide. One of the first companies to use ExtendTime realized a 450 percent annual return-on-investment according to Richard Accordino, director of IP Telephony Sales for Vytek.
?We are thrilled to be part of a solution that has been recognized for this prestigious award,? said Thomas Bednarik, President and CEO of Time Spot, Inc. ?By leveraging IP telephony to provide automated time and attendance, we are able to meet a growing demand across a variety of vertical markets.?
For more information about the IP communications award winners at Cisco?s Innovation Through Convergence (ITC) Expo 2003 competition please visit:
http://newsroom.cisco.com/dlls/ts_092403.html?CMP=ILC-001.
ABOUT Time Spot, INC.
Time Spot, Inc. is a leading developer of client-server and web-based workforce management solutions. With over fifteen years of experience, Time Spot's family of NETtime?, HourTrack? and Genesis ? solutions deliver cost-effective management of labor resources, automation of time and attendance, data collection, workforce scheduling and payroll processing. For more information please visit the Time Spot web site at timespothq.com.
ABOUT VYTEK SOLUTIONS, INC.
Vytek Solutions, Inc., a division of Vytek Wireless, implements wireless and mobile computing applications that link information systems to workers at the point of activity. By combining wireless, IP Telephony and networking technologies with business applications, Vytek designs and delivers total solutions to key industries including retail, hospitality, public safety, transportation, manufacturing and training.
FORWARD LOOKING STATEMENTS
Certain information and comments contained in this press release may be forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). Factors set forth in the Company's Annual Report on Form 10-KSB for the fiscal year ended June 30, 2003 together with other factors that appear in this press release or in the Company's other Securities and Exchange Commission filings could affect the Company's actual results and could cause the Company's actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of the Company, in this press release.
