A Major PC OEM to Include Absolute's Theft Recovery Services with
Consumer Accidental Damage Offerings
VANCOUVER, Feb. 6 /CNW/ - Absolute Software ("Absolute") (TSX: ABT), the leading provider of patented, firmware-based, Computrace(R) Computer Theft Recovery, Data Protection and Secure Asset Tracking(TM) solutions, is pleased to announce that Dell is bundling Computrace LoJack for Laptops with their computer accidental damage services sold to consumers. For more information, please see Dell's announcement today at www.dell.com/RSS
"This theft protection bundle program has the potential to significantly increase our subscriber base within a short period of time," said John Livingston, Chairman and CEO of Absolute Software. "We believe that computer theft recovery is an essential computing security layer for consumers and we applaud Dell for being the first PC OEM to make it easy for consumers to obtain computer theft protection through the purchase of an accidental damage warranty program."
Initial phases of the bundle program began on January 17, 2007 and by February 5, 2007 it had already generated U$350,000 in consumer sales subscriptions. Under the program, Dell is automatically including Computrace LoJack for Laptops with sales of their consumer accidental damage offerings when purchased in conjunction with new notebook computers. In addition, Dell may also bundle Computrace LoJack for Laptops with other consumer laptop promotions. Should Dell continue to offer the accidental damage bundle and achieve certain volume targets, they will maintain a limited exclusivity for select PC OEM consumer bundle programs, and a volume-based price reduction for Absolute's consumer theft recovery services.
"With our second quarter results, we announced a new goal of attaining three million subscribers under management by June 30, 2009," continued Mr. Livingston. "With this bundle announcement we are reiterating this objective, and we will continue to pursue similar types of initiatives with other partners to help us achieve this goal."
About Absolute Software
Absolute Software Corporation (TSX: ABT) is the leader in Computer Theft Recovery, Data Protection and Secure Asset Tracking(TM) solutions. Absolute Software provides organizations and consumers with solutions in the areas of regulatory compliance, data protection and theft recovery. The Company's Computrace(R) software is embedded in the BIOS of computers by global leaders, including all Dell notebook computers. For more information about Absolute Software and Computrace, visit www.absolute.com. For product information on Computrace LoJack for Laptops, please visit www.lojackforlaptops.com.
This press release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, the expected performance of Absolute's services and products and other expectations, and other intentions and plans contained in this press release that are not historical fact. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and general market conditions. In light of the many risks and uncertainties you should understand that we cannot assure you that the forward-looking statements contained in this press release will be realized.
(C)2007 Absolute Software Corporation. All rights reserved. Computrace and Absolute are registered trademarks of Absolute Software Corporation. LoJack is a registered trademark of LoJack Corporation, used under license by Absolute Software Corporation. LoJack Corporation is not responsible for any content herein. All other trademarks are property of their respective owners. Computrace U.S. patents No. 5,715,174, No. 5,764,892, No. 5,802,280, No. 5,896,497, No. 6,244,758, No. 6,269,392, No. 6,300,863, and No. 6,507,914. Canadian patents No. 2,284,806 and No. 2,305,370. U.K. patents No. EP793823 and No. GB2338101. German patent No. 695 125 34.6-08. Australian patent No. 699045. The Toronto Stock Exchange has neither approved nor disapproved of the information contained in this news release.