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Monday, November 25, 2002
NUVO and Sprint Canada Team to Deliver a Network Management Solution to Laurentian Bank-280 Locations Across Canada
OTTAWA, ONTARIO--NUVO Network Management Inc., (TSX Venture
Exchange: NNM), a leader in IT operations out-tasking, today
announced that it has secured a 3-year contract renewal with
Sprint Canada to perform remote network management services for
the Laurentian Bank of Canada. Under the terms of the agreement, NUVO will provide
comprehensive, 24/7 rNMX 5100 network management, inventory
management and application management services for network
devices and Automated Teller Machines at 280 locations across
Canada. The 36-month agreement is worth approximately CDN
$3,000,000. The Laurentian Bank of Canada (the Bank) implemented
a new Internet protocol-based network three years ago as part of
its mission to offer highly competitive products and superior
personalized service to meet the banking and financial needs of
individuals, businesses and independent financial advisors. The
Bank considers dependable, effective 24/7 network management to
be a critical success factor in achieving its mission. "We are truly pleased with the level of attention and the quality
of service we receive from NUVO with respect to the proactive
management of our mission critical infrastructure," said V.P.
Pham, Senior Vice President, Laurentian Bank of Canada. "It's
simply an obvious choice and a sound business decision for us to
continue with a relationship that works so well," continued Mr.
Pham. "NUVO and Sprint have once again teamed up to provide the
Laurentian Bank of Canada with complementary services designed to
maximize network availability at the most cost effective prices,"
said Steve Allen, VP Sales for NUVO. "We look forward to
assisting the Bank in achieving its mission and expanding our
relationship in the future." About Laurentian Bank of Canada Founded in 1846, Laurentian Bank of Canada ranks seventh among
Canadian Schedule 1 banks. The Laurentian Bank of Canada group of
companies, with assets nearing $17 billion, offers highly
competitive products and superior personalized service to meet
the banking and financial needs of individuals, businesses and
independent financial advisors. The Bank's common shares are
traded on the Toronto Stock Exchange (TSX: LB). Visit the
Laurentian Bank of Canada's web site at www.laurentianbank.com. About Sprint Canada Sprint Canada Inc., a wholly-owned subsidiary of Call-Net
Enterprises Inc. (TSX: CN, CN.B), is one of Canada's leading
national communications solutions companies, offering voice, data
and online services. With headquarters in Toronto, Sprint Canada
Inc. operates in several locations across the country. Visit
Sprint Canada's web site at www.sprintcanada.ca. About NUVO NUVO is a leader in IT operations out-tasking. The company
focuses on reducing the cost of operations of running networks,
servers and applications in a secure framework, while reducing
downtime and improving quality of service. NUVO customers
include large- and medium-sized organizations that depend on
information technology to run their business. NUVO operates
under a partner-led sales model with organizations like IBM,
Cisco, GE and Sprint Canada.
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