SOURCE: Lattice Incorporated
PENNSAUKEN, NJ--(Marketwired - Jan 21, 2014) - Lattice Incorporated (OTCQB: LTTC) ("Lattice" or the "Company"), a cloud-solutions provider of inmate management network systems for correction facilities, completed the installation of a 200-station video visitation system at the Adelanto Detention Center in San Bernardino, CA.
A result of Lattice's 2013 acquisition of InnoVisit's advanced video conferencing technology, this latest installation expands the Company's service footprint into the lucrative California market, the largest corrections market in the U.S. According to the Washington Post, in an effort to reduce significant overcrowding in California's prisons, Gov. Jerry Brown has proposed spending $500 million on the construction of new facilities across the state.
"Gaining our first foothold in a market that covers nearly 10% of the total inmate population in the U.S. is a major win for Lattice," stated Paul Burgess, CEO of Lattice. "We intend to leverage the success of this installation as we pursue a wealth of opportunities in the state. Combined with growing interest we continue to receive from other markets, both here in the U.S. and internationally, we are positioned to see substantial top-line and bottom-line improvements in 2014."
Lattice's video visitation system is a web-based technology that allows secure communication between inmates and their family and friends from any location equipped with a computer, internet access, and webcam, providing a convenient alternative to traveling to correctional facilities for on-site visitations.
About Lattice Incorporated
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 http://www.latticeinc.com.
Safe Harbor Statement
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-K previously filed with the SEC.