Elite Technologies Opens New Subsidiary
ATLANTA, Dec 13, 2001 /PRNewswire via COMTEX/ -- Elite Technologies, Inc. (OTC Bulletin Board: ETCH chart, msgs) announced that it has opened Intelligent Software Solutions, Inc. (ISS) as a new wholly owned subsidiary. ISS is currently providing the distribution of packaged Software applications, Silicon chips, memory, and IC chip products. ISS, in its first 60 days of operation, has surpassed over $200,000 in revenues.
Elite is projecting ISS to exceed $400,000.00 in revenues for the next quarter.
Scott Schuster, Chairman of Elite, stated, "With its eye toward continued growth through acquisitions and expansion of its existing marketplace, Elite believes ISS will provide an outlet for additional revenue and profit in the Silicon chip and software industries."
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. Elite also owns Worldtouch, a telecommunication service provider which specializes in Voice Over IP technology. Elite's website is www.elitetechinc.com .
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.
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Source: Elite Technologies, Inc.
Contact:
Dave Peacos of Elite Technologies, Inc., +1-770-559-4975
URL: elitetechinc.com |
