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EXHIBIT 99A
NEWS BULLETIN T-NETIX, INC.
FROM: RE: 67 INVERNESS DRIVE EAST
ENGLEWOOD, CO 80112
The Financial Relations Board WEB SITE: http://www.T-NETIX.com
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BSMG WORLDWIDE
NASDAQ: TNTX
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FOR FURTHER INFORMATION
AT FRB:
Tad Gage (general info) (312) 640-6745 ([email protected])
Lisa Fortuna (analysts) (312) 640-6779 ([email protected])
Tim Grace (media) (312) 274-2240 ([email protected])
FOR IMMEDIATE RELEASE
FRIDAY, AUGUST 25, 2000
T-NETIX, INC. ANNOUNCES CEO ALVYN SCHOPP TO STEP DOWN;
CHAIRMAN DANIEL CARNEY TO SERVE AS INTERIM CEO
ENGLEWOOD, COLO., AUGUST 25, 2000 -- T-NETIX, INC. (NASDAQ: TNTX), a leading
provider of specialized call processing and fraud control software technologies,
the nation's largest provider of corrections-related telecommunications
services, and one of the country's largest purchasers of Internet bandwidth,
today announced that effective August 25, 2000, Alvyn Schopp will step down as
CEO and director.
Daniel Carney, chairman of the board, announced that he will serve as interim
CEO until a new chief executive is appointed. Carney, who has been chairman
since 1998, was the co-founder of Pizza Hut, Inc. Management responsibilities
will be shared with Carney by President Thomas Larkin, and Richard Cree,
executive vice president of business development.
"Al has been critical in guiding our company through an important transition
period since he assumed the role of CEO late in 1998," said Carney. "His
leadership has established T-NETIX as the premier provider of inmate
telecommunications and other services.
"Under Al's leadership, T-NETIX has successfully completed a merger and
integration that has made us the largest provider of corrections-related telecom
services. Additionally, we have renegotiated a number of service contracts with
more favorable terms and we have added business and developed new services that
position the company well for the future. Although Al has decided it is time to
move on to new challenges, we appreciate his dedication to continue serving the
company in a limited capacity, and his commitment to an orderly management
transition."
Carney said the company will move forward with its four key areas of focus,
outlined in the recent second quarter earnings announcement: Maximizing the
value of its investments; leveraging its position as a provider of Internet
bandwidth with new Internet services and offerings; pursuing new higher-margin
ICS contracts and outsourcing opportunities; and t-renegotiating
telecommunications services contracts to give T-NETIX greater revenues,
MORE...
Financial Relations Board serves as financial relations counsel to this company,
is acting on the company's behalf in issuing this bulletin and receiving
compensation therefor.
The information contained herein is furnished for information purposes only
and is not to be construed as an offer to buy or sell securities.
BSMG Marketing Communications KRC Research Bozell|Eskew
Sawyer Miller Consulting BSMG Medical & Health Communications
Charles Barker BSMG 640 Fifth Avenue New York New York 10019-6102
212-445-8000 Fax 212-445-8001
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T-NETIX,
INC. ADD ONE
improved margins, and revenue-sharing that rewards for performance. All this is
being done with the intent of meeting the company's goal to return to
profitability late in 2000.
Based in Englewood, Colorado, T-NETIX provides specialized call processing and
billing services for correctional institutions to the telecommunications
industry, direct local and long distance call processing for correctional
facilities, value-added telecommunications services such as pre-connection
restrictions, digital recording, jail and inmate management systems, video
booking, and sales of call-processing systems hardware. T-NETIX, through its
Contain(R) product, provides parolee and home detention monitoring services
using Internet and voice verification technology, including its SpeakEZ Voice
Print(R) technology. The company serves more than 1,200 facilities and justice
departments nationwide. For news and information, visit the company's web site
at www.T-NETIX.com.
This news release contains forward-looking statements as provided for by the
Private Securities Litigation Reform Act of 1995. Important factors that would
cause actual results to differ materially from those in the forward looking
statements include, but are not limited to: the demand for the company's
products and services, and market acceptance risks which may affect the
potential technological obsolescence of existing systems; the renewal of
existing site-specific Corrections and Internet Services Divisions customer
contracts and the company's ability to retain the base of current site specific
customer contracts, the ability to perform under contractual performance
requirements the continued relationship with existing customers and the ability
to win new contracts for its products; the ability of our existing customers,
including AT&T, to maintain their market share of the inmate calling market; the
successful integration of Gateway Technologies, Inc. into T-NETIX's business,
the ability of the company to penetrate the market for jail management systems,
resale of Internet bandwidth and sale of Contain(R) products; the ability to
reduce expenditures related to its SpeakEZ voice recognition technology, to
successfully deploy this technology in a corrections-related business, and to
license the technology to offset development costs; competitive pricing
pressures, particularly in the company's ICS business; and, changes in
telecommunications regulations that would affect the company's sales or pricing.
For a full description of the company's historical performance and a detailed
description of risks and uncertainties, please refer to the company's documents
on file with the Securities and Exchange Commission.
FOR MORE INFORMATION ON T-NETIX VIA FAX, FREE OF CHARGE, DIAL
1-800-PRO-INFO AND ENTER THE TICKER "TNTX"
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