NEWS...(PR NEWSWIRE) ComTech Names Stewart to Advisory Board
ComTech Names Stewart to Advisory Board
HOUSTON, June 15 /PRNewswire/ -- ComTech Consolidation Group Inc.
(OTC Bulletin Board: CCGI) today announced that it has named Barry Stewart to
its newly formed advisory board. Mr. Stewart is the son of company founder
Roger Stewart, who passed away last fall. Mr. Stewart controls nearly
3 millon shares of CCGI common stock.
The new advisory board was formed to help move ComTech forward with input
from its committed investors. Mr. Stewart controls approx. 15% of ComTech's
outstanding shares.
Recently elected CEO Mr. Winfred Fields commented "This company has a
solid future with significant growth potential. We have managed to move
ComTech forward through hard work and a committed investor base. Mr. Stewart
represents that group of committed investors and his input will be greatly
appreciated."
Mr. Stewart had this to say "I am very pleased with the efforts of the new
management team now in place. They are truly dedicated to enhancing
shareholder value and I look forward to working with them." Stewart continued
"ComTech is only now beginning to realize the benefits of last years hard
work. The Company experienced a tremendous growth rate in both revenues and
earnings in fiscal 1998.
"With first Quarter earnings up over 1400% from last year, I am very
excited about fiscal 1999."
About ComTech Consolidation Group Inc.
CCGI posted revenues of nearly $9,000,000.00 in Fiscal 1998, while posting
earnings of $715,000 or .05 a share. ComTech recently filed with the
Securities and Exchange Commission to become a Fully Reporting Company and is
currently evaluating the listing requirements of both the NASDAQ and American
Stock Exchanges in anticipation of filing an application for listing later
this year or early next year.
Statements regarding financial matters in this press release other than
historical facts are "forward looking statements" within the meaning of
section 27A of the Securities Act of 1933, Section 21E of the Securities
Exchange Act of 1934, and as that term is defined in the Private Securities
Litigation Reform Act of 1995. The company intends that such statements about
the company's future expectations including future revenues and earnings, and
all other forward looking statements be subject to the safe harbors created
thereby. Since these statements (future operational results and sales)
involve risk and uncertainties and are subject to change at any time, the
company's actual results may differ materially from expected results.
SOURCE ComTech Consolidation Group, Inc.
-0- 06/15/99
/CONTACT: Diann Tongco, VP Investor Relations of Compass Point Group,
Inc., 619-525-0800, or email, dt@compasspointgroup.com, for ComTech
Consolidation Group, Inc./
(CCGI)
CO: ComTech Consolidation Group, Inc.
ST: Texas
IN: CPR
SU: PER
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