Exhibit 99.1
Network Installation Declares 2 For 1 Forward Stock Split; Announces New Ticker
Symbol
IRVINE, Calif., September 20 /PRNewswire-FirstCall/ -- Network Installation
Corp. (OTC Bulletin Board: NWIS - News) a provider of IT communications
---- ----
solutions, announced today that its Board of Directors has approved a 2 for 1
forward stock split, to be distributed to all shareholders of record as of
September 20th , 2004. Shareholders of record will receive 1 additional share of
common stock for every 1 share of common stock held. The Company also announced
that it will begin trading under the new ticker symbol "NWKI" (OTC Bulletin
Board: NWKI - News) effective September 20, 2004.
-- ----
Network Installation CEO Michael Cummings stated, "Over the past year and a
half, we have experienced tremendous progress with our growth and are pleased to
share this success with our shareholders. I believe the actions of our
management team have always been consistent with maximizing shareholder value
and it will continue to be our primary focus. He added, "We are excited
regarding the future outlook of Network Installation and remain committed to
evaluating opportunities for continued growth."
About Network Installation Corp.
- -----------------------------------
Network Installation Corp. provides communications solutions to the Fortune
1000, Government Agencies, Municipalities, K-12 and Universities and Multiple
Property Owners. These solutions include the design, installation and deployment
of data, voice and video networks as well as wireless networks and Wi-Fi.
Through its wholly-owned subsidiary Del Mar Systems International, Inc., the
Company also provides integrated telecom solutions including Voice over Internet
Protocol (VoIP) applications. Network Installation maintains branch offices in
Irvine, Gold River and San Marcos, CA; Las Vegas, NV, and Seattle, WA. To find
out more about Network Installation Corp. (OTC Bulletin Board: NWIS), visit our
website at www.networkinstallationcorp.net. The Company's public financial
-------------------------------
information and filings can be viewed at www.sec.gov.
-----------
Forward Looking Statements
This release contains forward-looking statements, including, without
limitation, statements concerning our business and possible or assumed future
results of operations. Our actual results could differ materially from those
anticipated in the forward-looking statements for many reasons including: our
ability to continue as a going concern, adverse economic changes affecting
markets we serve; competition in our markets and industry segments; our timing
and the profitability of entering new markets; greater than expected costs,
customer acceptance of wireless networks or difficulties related to our
integration of the businesses we may acquire; and other risks and uncertainties
as may be detailed from time to time in our public announcements and SEC
filings. Although we believe the expectations reflected in the forward-looking
statements are reasonable, they relate only to events as of the date on which
the statements are made, and our future results, levels of activity, performance
or achievements may not meet these expectations. We do not intend to update any
of the forward-looking statements after the date of this document to conform
these statements to actual results or to changes in our expectations, except as
required by law.
SOURCE Network Installation Corp.
Michael Novielli, Chairman, Network Installation Corp.,
mnovielli@networkinstallationcorp.com, +1-203-791-3838; or Malcom McGuire, CCRI
Group, 1-800-828-0406, for Network Installation Corp.