VATK - Varitek Industries Retains Merger Communications to Coordinate its Media
and Investor Relations Programs
Business Editors & Technology Writers
HOUSTON--(BUSINESS WIRE)--Jan. 20, 2000--Varitek Industries Inc.
(OTCBB:VATK) announced today that it has retained Merger
Communications Inc. of Houston to lead its media relations/investor
relations operations. Merger Communications, one of the fastest
growing financial media relations companies in the U.S., focuses on
small and mid-cap publicly traded technology companies, coordinating
nationwide programs that generate increased interest and awareness on
and about its clients and their products and services with the media
and the financial community.
"We have spent the last couple of years developing our
proprietary technology," says Randy Bayne, chairman and CEO of Varitek
Industries. "We have also been working to establish a lucrative niche
market for ourselves, which is helping us to stay comfortably ahead of
our competition. We've accomplished this by keeping a tight focus on
the development of innovative new product and services lines. We feel
confident in our ability to stay on the leading edge. We used this
same philosophy when it came time to choose a public
relations/investor relations partner. We brought Merger Communications
on board because they have the same kind of focus we do and they have
a proven track record of success. Their role will be to spread the
word about Varitek Industries to the media and financial community,
reaching our potential customers, partners and investors."
Varitek Industries Inc. and its wholly owned subsidiary, Varitek
Technology Group, develop, acquire, market and distribute cutting-edge
wireless data systems and technologies in response to identified
consumer, commercial and/or institutional needs and demands.
Market-driven products and solutions are derived from proprietary
technologies developed in-house via the company's R&D subsidiaries as
well as through emerging strategic partnerships with third party
manufacturing and development firms.
Merger Communications is a rapidly growing eight-year-old
international media relations firm that specializes in helping small
and mid-size companies establish their images and build awareness
through the dissemination of information to the media and the
investment community. Through its dynamic media relations and
financial media relations services, the Houston-based firm has built a
solid reputation as one of the premier agencies in the market today.
The statements made by Varitek Industries may be forward-looking
in nature. Actual results may differ materially from those projected
in forward-looking statements. This information is not a
recommendation to buy or sell securities Varitek. The statements and
opinions presented are the views of Varitek and are subject to change.
Merger Communications (Merger) is a media relations firm employed by
the Company. Merger and Varitek believe that all information in this
release has been obtained from sources considered reliable, but cannot
guarantee that the statements presented herein are accurate or
complete. Varitek believes that its primary risk factors include, but
are not limited to: the need for substantial financial requirements;
the need to develop effective internal processes and systems; changes
in the overall economy; changes in technology; the number and size of
competitors in its markets; continued and future strategic alliances;
changes in the law and regulatory policy; and the mix of product and
services offered in Varitek's target markets. Merger Communications,
its officers, directors and employees don't currently own any VATK
shares. However, Merger's compensation for its services consists of
cash and 63,333 shares of company stock over the course of the next
six months. Merger typically has a long position in the securities of
the companies in which it publishes information, and Merger may be
buying or selling securities in the course of its regular business.
--30--MJB/ho*
CONTACT: Merger Communications Inc., Houston
Evan Reineking, 713/267-2328
E-mail: ereineking@mergerusa.com |
