News out on VATK--
Varitek Technologies CEO Interviewed on Viavid.com
HOUSTON--(BUSINESS WIRE)--Feb. 1, 2000--Varitek Industries (OTCBB:VATK - news) announced today that Randy Bayne, the Company's president and CEO, will participate in an online interview today at 12:30 p.m. CT, on the Viavid Broadcasting VBC News 1 Channel. The contents of the interview will be accessible at the online financial information Web site www.viavid.com for at least 90 days.
In the Viavid interview, Randy Bayne will give further insight into a variety of company-related topics including Varitek's background, financial results and future concepts. ``Interested parties in Varitek will get a strong understanding of what we are working to accomplish and where we have come from in this interview. We have made a commitment from the beginning to keep our investors and the public fully informed and up-to-date about our company's information. The Viavid interview helps us to effectively reach our public and clearly explain our current business endeavors, future plans and the direction of Varitek to present and potential investors,' says Randy Bayne, president and CEO of Varitek Industries.
Varitek Industries, Inc. and its wholly owned subsidiary, Varitek Technology Group, develops, acquires, markets and distributes 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. Varitek has developed an affordable telematics system for the auto safety and communications markets, offering on-board, 24-hour monitored security, surveillance and information services for auto owners.
Viavid Broadcasting Corp. provides audio and video interviews of leading business professionals, bringing up-to-date coverage of the North American financial markets. Viavid Broadcasting Corp. offers both free and paid services. The interview with Randy Bayne was a non-paid guest appearance.
Varitek Industries is a fully-reporting company, listed on the OTC Bulletin Board under the symbol OTCBB: VATK. Varitek Industries is headquartered in Houston, Texas and can be reached via its Web site at www.varitekindustries.com.
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.
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Contact:
Merger Communications Inc., Houston
Evan Reineking, 713/572-2560 ext. 103
E-mail: ereineking@mergerusa.com
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