Company Press Release
Outlook for 1998, 1999 to Be Addressed Today by ComTech
Open Line Conference Call Today at 4:15 p.m. EDT
HOUSTON--(BW HealthWire)--June 25, 1998--ComTech Consolidation Group Inc. (OTC BB:CCGI - news) recently announced the
preliminary agreement to acquire a consortium of Texas-based health care related businesses under FAD Holdings Inc. (FADHI), a Texas
corporation.
In addition, the company is forecasting 2nd quarter estimated sales of $5,220,432 with a net profit of $419,747.
As a follow up to the company's recent announcements, ComTech's CEO/Chairman Roger Stewart will be available to discuss the latest
company developments and to present a long-term strategic outlook for ComTech as part of an ''open line'' teleconference scheduled for
today, Thursday, June 25, 1998, beginning shortly after the market close at 4:15 p.m. EDT (3:15 p.m. Central/2:15 p.m. Mountain/1:15
p.m. Pacific).
All current and prospective shareholders, institutional portfolio managers, investment bankers, securities analysts, members of the brokerage
community, representatives of the trade and general business media, and other interested parties are welcome to participate in this
conference call.
To take part in the teleconference, which can be accessed toll-free from anywhere in the United States, participants are required to dial
800/659-1025, register their name, and tell the operator they are calling for the ComTech conference call.
ComTech Consolidation Group, Inc. is a Houston-based consolidation/acquisition company. Presently, ComTech is focusing on two
industries: specialty medical service providers, such as partial hospital health care provider companies for mental outpatients and
communications/network technology companies, primarily in the Internet area.
Financial Statements in this press release other than historical facts are ''forward-looking'' statements with 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 risks and uncertainties and are subject to change at any time, the company's actual results could differ materially from expected
results.
Such risks and uncertainties include, without limitation, fluctuations in demand, loss of subscribers, the quality and price of similar or
comparable wireless communications services, regulatory delays or denials, ability to complete intended construction, termination of
proposed transactions, access to sources of capital, and general economics.
Contact:
M&A West, Inc.
Scott Kelly, 650/588-2678
www.mawest.com |
