Available For Immediate Release
Newpoint Technologies and Petrex International Sign Strategic Partnership Agreement
Salem, New Hampshire USA, June 21, 1999 --Bob Petrucelli, President and CEO of Petrex International, and Dan Ostrouch, Vice President of Worldwide Sales and Marketing for Newpoint Technologies, Inc. today announced a long term strategic partnership between the two companies.
Petrex International was established in 1987 as a reseller of products and services for the Satellite industry. Most recently they represented a major manufacturer of modem equipment.
With sales offices in New York and Virginia, Petrex has represented over $250 million in revenues at a 20% growth rate per year. Bob Petrocelli states "The relationship with Newpoint represents a new phase in our company's growth. Newpoint products and services are best of breed in the industry. Together with Petrex's tremendous relationships with the world's largest satellite companies, we will grow and prosper in the coming years."
Dan Ostrouch agrees, "Petrex is a well respected player in the industry. The quality of their organization, and fit with Newpoint's expansion into Satellite Network Management Systems, will ensure long term success for both companies."
Newpoint Technologies, Inc. was founded in 1985, and today is the global leader in Satellite Network Management Systems. With experience in delivering quality, off-the-shelf products and high-end network management systems, the company leads many of the dynamic changes that are taking place in the industry. In addition to its suite of standard products and services, Newpoint Technologies, Inc. also provides complete turnkey services to industry users and integrators.
Contact information for Petrex is 516-979-4950. Newpoint can be reached at 603-898-1110.