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Incentra Solutions International Division Signs Multi-Year Contract with COLTApril 5, 2006 Boulder, CO, April 5, 2006 – Incentra Solutions, Inc. (OTCBB: ICNS) announced today that its international division has signed a multi-year contract with COLT, a leading European provider of business communications. Under the agreement, Incentra will provide its leading managed storage solutions and services for resale to both new and existing COLT customers. One of the largest European providers of business communications and services, COLT owns and operates 13 data centres across Europe and has metro area networks in 32 cities.
“For most organizations today, their data is their business,” said Dr. Alireza Mahmoodshahi, Chief Technology Officer, COLT. “Data protection and business continuity have become board level priorities, but as the volumes of data involved increase, the actual storage management is becoming expensive and complex. As with all our managed services, our new partnership with Incentra is aimed at making our customers’ lives simpler – giving them a high-quality solution with predictable pricing.”
Incentra CEO and Chairman Tom Sweeney commented, “We are pleased to enter into this partnership to deliver GridComplete managed storage solutions to COLT. Layering our managed storage service expertise with COLT’s superior hosting and metro ethernet portfolio is exactly the type of service provider partnership we work to develop to help companies eliminate exposure to the many risks associated with data loss and downtime. Jointly we can provide unique storage solutions both in data centre and remotely to leading enterprises throughout Europe.”
To ensure the success of the partnership, Incentra has dedicated a senior business development manager to work closely on sales, marketing and deployment efforts with COLT. COLT corporate and in-country teams have already begun early sales and marketing efforts. The first two new service deployments have been completed in Paris, France and Milan, Italy. Existing customer migrations will begin in the next 60 days. Additional service development and country deployments will continue throughout 2006.
About COLT
COLT is a leading European provider of business communications. COLT specialises in providing data, voice and managed services to midsize and major businesses and wholesale customers. It has more than 50,000 customers across all industry sectors. COLT owns and operates a 13-country, 20,000km network that includes metropolitan area networks in 32 major European cities with direct fibre connections into 10,000 buildings and 13 COLT data centres.
COLT Telecom Group plc, COLT’s parent company, is listed on the London Stock Exchange (CTM.L). Information about COLT and its services can be found at www.colt.net
About Incentra Solutions, Inc
Incentra Solutions, Inc. (www.incentrasolutions.com, OTCBB:ICNS) is a provider of complete IT & storage management solutions to enterprises, managed service providers and broadcasters worldwide. Incentra’s complete solution includes professional services, hardware & software products with first call support, IT outsourcing solutions and financing options. To the broadcast market, Incentra delivers complete digital archive management and transcoding solutions built on its IT and storage expertise and offerings.
Incentra Solutions Forward Looking Statements
Certain information discussed in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company’s inability to accurately forecast its operating results; the Company’s potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company’s business. For further information on factors which could impact the Company and the statements contained herein, reference should be made to the Company’s filings with the Securities and Exchange Commission, including Annual Reports on Form 10-KSB, Quarterly Reports on Form 10-QSB and Current Reports on Form 8-K. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Contacts:
Allen & Caron, Inc.
Jill Bertotti (investors)
jill@allencaron.com
Len Hall (financial media)
len@allencaron.com
949-474-4300
Incentra Solutions, Inc.
Thomas P. Sweeney III, Chairman & CEO
tsweeney@incentrasolutions.com
303-449-8279
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