PENNSAUKEN, NJ — (Marketwired) — 09/29/14 — Lattice Incorporated (OTCQB: LTTC) (“Lattice” or the “Company”), a cloud-solutions provider of inmate management network systems for correction facilities, signed two contracts for its Integrated Corrections Operating Network (“ICON”) platform. The installations will take place at the 32-bed Grant County Jail in Medford, Oklahoma, and the 128-bed Custer County Jail in Arapaho, Oklahoma.
The latest ICON installations for Grant County and Custer County are expected to be completed in October and December respectively. Once complete, Lattice will be servicing 32 correctional facilities in Oklahoma.
“We now work with more than a third of the county correctional facilities in Oklahoma,” stated Paul Burgess, CEO of Lattice. “This sizeable market share bodes well for our sales efforts both within Oklahoma and the surrounding states. As more facilities become aware of the Lattice brand and our industry-leading technology solutions, we believe we–re in a strong position to accelerate revenue growth.”
ICON is an 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.
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 .
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-Q previously filed with the SEC.
Contact:
Investor Relations
Jon Cunningham
RedChip Companies, Inc.
Tel: +1-800-733-2447, ext. 107
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