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| [April 18, 2007] |
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Language Access Network Announces First Quarter Metrics
COLUMBUS, Ohio --(Business Wire)-- Language Access Network, Inc (OTC: LANW), a leader in video interpretation services, announced today metrics for the first quarter for the period ended March 31, 2007. The Company reported that at the end of the first quarter 10 (Ten) MARTTI(TM) systems had been installed at pharmacies and medical facilities, a 400% increase compared to 2 units in the fiscal 2006 first quarter. Language Access will install an additional 22 units by the end of the second quarter 2007. With the signed agreements in place, LAN anticipates an addition 40 MARTTI(TM) systems will be installed at pharmacies and medical facilities over the course of the next three months.
The Company also disclosed that minutes of interpretation service provided increased by 277% from the year-earlier period, and 147% on a sequential basis compared to the fourth quarter.
"We have accelerated our business plan and started to generate real momentum through new installations at leading medical facilities such as Mercy Hospital based in Miami and Boston Medical Center in Massachusetts," said Michael Guirlinger Language Access Network's CEO. "During the second quarter, we expect to complete a significant number of new installations with our current pharmacy customers, and build on our recent success of attracting new medical facilities. The increase in minutes provided by our Interpreters and locations for MARTTI(TM) reflects the increasing recognition of the role that our systems play in enhancing healthcare services and patient safety, and improving the level of customer services and safety that pharmacies provide."
About Language Access Network, Inc.
Language Access Network Inc. (OTC: LANW), based in Nevada, is a pioneer and the leader in video language interpretation services with operations in Columbus, Ohio. A publicly traded company, Language Access Network provides pharmacies and medical facilities with professionally trained interpreters 24 hours a day, seven days a week through our centralized video language center, interpreting more than 150 different languages including American Sign Language (ASL) via real-time, interactive video technology.
More information is available at www.languageaccessnetwork.com
Safe Harbor Statement
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected", "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.
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