MORE GOOD NEWS...(PR NEWSWIRE) ComTech Officers Lock-up Shares
ComTech Officers Lock-up Shares
HOUSTON, June 17 /PRNewswire/ -- ComTech Consolidation Group Inc.
(OTC Bulletin Board: CCGI) today announced that its officers have agreed to a
voluntary lock-up period. This new lock-up agreement will add new
restrictions to all shares owned by current management.
Mr. Winfred Fields, ComTech chairman and chief executive officer, said:
"The new management team at ComTech have unanimously agreed to this new
lock-up agreement. We have implemented a lock-up agreement to assure
investors of the confidence in our long term strategy and ability to execute
on the strategy."
About ComTech Consolidation Group Inc.
ComTech posted revenues of nearly $9,000,000.00 in fiscal 1998, while
posting earnings of $715,000.00 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- 06/17/99
/CONTACT: Glenn Bartolini, VP Investor Relations of The Compass Point
Group, Inc., 619-525-0800, gb@compasspointgroup.com, for ComTech Consolidation
Group Inc./
(CCGI)
CO: ComTech Consolidation Group Inc.
ST: Texas
IN: CPR
SU: SRP
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