Thursday January 29, 2:35 pm Eastern Time
Company Press Release
ATEC Group Inc. Receives "Buy" Recommendation From M.H. Meyerson
& Co. Inc.
HAUPPAUGE, N.Y.--(BUSINESS WIRE)--Jan. 29, 1998--ATEC Group Inc. (NASDAQ:ATEC - news), a leading
provider of computer solutions, was excited Thursday to announce that the company received a ''Buy'' recommendation from
M.H. Meyerson & Co. Inc. (NASDAQ:MHMY - news) in its January 27, 1998 research report, ''Micro-Cap Focus List.''
Andrew Scott, senior research analyst, stated in the report: ''In our opinion, the company maintains an extremely favorable
outlook and previous shareholders overreacted on the news of a reverse stock-split. The company strongly meets all of our
investment criteria. We believe the company has the potential to trade 20x our fiscal year ending June 1999 estimate of $0.60.
We maintain a target price of $12.00.''
Surinder Rametra, chairman and chief executive officer of ATEC, stated, ''As ATEC continues its aggressive plans to provide
stability in the financial community, the company is extremely appreciative of this recognition as a quality investment candidate
and the future enhancement of shareholder value.''
ATEC Group Inc. is a leading system integrator and provider of a full line of information technology products and services to
business, professionals, government agencies and educational institutions. ATEC offers leading computer hardware, software,
connectivity devices, multimedia products, data communication via satellite, video conferencing, Internet, intranet and Y2K
solutions to their clients. |
