PISCATAWAY, NJ -- 07/24/08 --
PRG Group, Inc. (PINKSHEETS: PRGJ), a
holding company for PRG Systems Inc., Prime Communications Inc. and
LOCATUM, is pleased to announce that it has filed a patent application for
Telator®.
Telator® is a system that provides economical real-time translation
between languages. It functions equally well in the traditional voice
networks and in VoIP systems. It is also applicable in either direction
between any two languages and in teleconference settings. Telator® is the
first real-time, fully automated language translation system.
"Computer-based translating programs have existed for years, but none have
been capable of reproducing real-time technology," said Uma Pandey, CEO of
PRG Group. "PRG is the first company to tap into this new market.
Considering the number of corporations with subsidiaries and clients in
other countries and today's global economy, we expect the market size will
be very large."
"The Telator® system is unique in its automation, flexibility, and
simplicity," said Dr. Ronald O. Brown who developed the system design.
PRG Group is pleased that the patent application was done by Kenyon &
Kenyon, LLP of New York.
About PRG Group, Inc.:
PRG Group, Inc., a holding company for PRG Systems Inc., Prime
Communications and LOCATUM, has lines of business in: Consulting, Managed
Services, Equipment, Network Services, Research & Development and
Professional Training. PRG Group subsidiaries provide leading edge business
support processes, technology and software to companies seeking to improve
their cost structure, productivity and system efficiency. PRG Group, a
Delaware-based corporation with offices in New Jersey, has been recognized
as a leader in designing integrated solutions for businesses of all sizes.
For more information, visit http://www.prg-group.com.
Safe Harbor Statement:
Except for historical information contained herein, the matters set forth
above may be forward-looking statements that involve certain risks and
uncertainties that could cause actual results to differ from those in the
forward-looking statements. Such forward-looking statements are based on
the current beliefs of management and information currently available to
management. Actual results could differ materially from those contemplated
by the forward-looking statements as a result of certain factors, such as:
the level of business and consumer spending, the ability of the Company to
continue to expand its operations, and economic conditions in the industry.
The Company does not undertake any obligation to update such
forward-looking statements. Investors are also directed to consider all
other risks and uncertainties.
Contact:
PRG Group Inc.
Email Contact
Tel: 732-665-0008
