ETCH - Elite Technologies Purchases Worldtouch
ATLANTA, Aug 28, 2001 (BUSINESS WIRE) -- Elite Technologies, Inc. (OTC BB:
ETCH) announced today that it has purchased Worldtouch, Inc. (formerly
Worldtouch, LLC) in a stock for stock transaction.
Scott Schuster, Chairman and CEO of Elite said, "Worldtouch provides products
and services which integrate into our kiosk products. Through their Voice Over
IP product, our Kiosk product lines are now able to become telecommunication
devices with voice integration for long distance telephone service. I believe
these products will expand Elite's marketability in the kiosk industry, as well
as expand Elite's presence in the overseas marketplace."
Todd Holbrook, President of Worldtouch stated, "We intend to utilize Elite's
foreign distribution channels through its other subsidiaries to immediately
expand the Worldtouch services to the Caribbean and Middle East. Elite has
provided an excellent growth opportunity for Worldtouch, and we are proud to be
a part of the Elite group of companies."
Elite Technologies, Inc., through its subsidiary companies which include AMG,
IET and ICON, provides hardware wholesale and retail distribution of computer
parts and systems. Additionally, Elite designs, manufactures and distributes
Internet "pay by minute" Kiosks throughout the US and foreign countries.
Notice: This release and oral statements made from time to time by company
representatives concerning the same subject matter may contain so-called
"forward-looking statements." These statements can be identified as "forecasts,"
"projects," or words of similar meaning and by the fact that the statements
frequently are used in discussing regulatory submissions and approvals,
development programs, etc. Many factors may cause actual results to differ from
forward-looking statements, including inaccurate assumptions and a broad variety
of risks and uncertainties, some of which are known and others of which are not.
No forward-looking statement is a guarantee of future results or events, and one
should avoid placing undue reliance upon those statements.
CONTACT: Elite Technologies, Inc., Atlanta
Dave Peacos, 770/559-4975 |
