ATEC keep an eye on this one Conf call later today and news out
ATEC Group, Inc. Acquires Nexar Technologies' Patents and
Trademarks and Creates New Manufacturing Technology Division
tagged for: NEXR ATEC
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HAUPPAUGE, N.Y. (March 9) BUSINESS WIRE -March 9, 1999--
Management Projecting New "Nexar Technologies" Division
Will Contribute Over $100 Million In Annual Revenue
ATEC Group, Inc. (Nasdaq:ATEC) today announced that it has acquired the patents and trademarks of
Nexar Technologies, Inc.'s (OTC BB:NEXR) popular XPA(tm) PC cross processor architecture in a court
approved transaction. Additionally, ATEC will be establishing a new manufacturing technology division,
(also known as Nexar Technologies, Inc.), to focus primarily on producing the industry's only "future
ready" personal computing system. Providing unparalleled support for new and emerging technologies, the
Nexar XPA(tm) PCs enable consumer and business users to reduce ownership costs, protect their
technology investments and extend the lifecycle of their personal computer.
NEXR's key management team has agreed to join ATEC and will assist the Company in maximizing
market penetration for the XPA(tm) PC and the subsequent lineage of products in development.
Specifically, Al Agbay, former Chairman, CEO and President of NEXR, will become President and CEO of
ATEC's new division.
According to Surinder Rametra, Chairman and CEO of ATEC Group, "Our objective is to become the
industry leader in designing and marketing personal computers with technology that enables easy upgrades
at minimal cost. Nexar's computing approach is one of the best examples of this type of differentiation
that I've seen and now provides ATEC with a clever and proven solution to the problem of obsolescence."
Continuing, Rametra added, "ATEC has clearly recognized the necessity to redefine our corporate growth
strategy. As such, by manufacturing our own patented model and brand of PC's, we realize some immediate
benefits -- not the least of which is the reclassification of ATEC from a computer reseller to a
manufacturing technology company, which should allow us to enjoy significantly improved market
multiples. Furthermore, the new Nexar division is expected to contribute over $100 million in sales and $3
million in net income in the first full year in operation. Gross margins in this area of operation are
expected to exceed 20%."
Al Agbay, President and CEO of Nexar Technologies, Inc., stated, "With ATEC's proven resources,
outstanding reputation and impressive network of industry contacts, achieving mass market awareness and
acceptance of the new XPA system should be dramatically enhanced. For years, Nexar has understood the
prevailing problems associated with computer obsolescence and has striven to deliver practical and
user-friendly solutions. We are looking forward to incorporating our technological expertise with that of
ATEC's to ensure that the XPA(tm) platform technologies are successfully perpetuated, thereby
permitting us to effectively seize the opportunity at hand."
Investors are invited to participate in a conference call featuring Surinder Rametra and Mr. Al Agbay
scheduled for Tuesday, March 9, 1999 at 4:05 P.M. Eastern Standard Time. To participate, please call
1-800-526-7151 or over the Internet through VCall at http:www.vcall.com. About Nexar's XPA(tm) PC
Architecture
The rapid pace of technological change -- accelerated by successors of new processors, operating systems
and applications which challenge system performance -- make conventional PC's direct prey for
obsolecence. The patented split motherboard design and easy access chassis of the patented XPA(tm)
system enables customers to easily and affordably upgrade to rapidly changing and enhanced processor
technologies, while retaining their investment in storage devices, operating systems, video,
communication, memory, peripherals and other key components. In addition, the XPA(tm) system
components can be easily upgraded without the assistance of a technician. About ATEC Group, Inc.
Based in Hauppauge, New York, ATEC Group, Inc. is a leading system integrator and provider of a full line
of information technology products and services. As a one-stop company for the computer needs of
businesses, professionals, government agencies and educational institutions, ATEC enters the new
millennium with a technological arsenal that includes Y2K remediation solutions, computer hardware,
software, connectivity devices, multimedia products, data communication via satellite, video conferencing,
system integration networking, high speed data transmission, graphic arts, Internet and Intranet. In
addition, the Company has positioned itself for growth in telecommunications, outsourcing of IT
professionals, e-commerce, ISP and offshore software development to meet its clients' technological needs
in a cost effective manner.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which
are not historical facts contained in this press release are forward-looking statements that involve certain
risks and uncertainties including but not limited to risks associated with the uncertainty of future financial
results, additional financing requirements, development of new products, government approval processes,
the impact of competitive products or pricing, technological changes, the effect of economic conditions,
and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
-0- gaa/mi*
CONTACT: ATEC Group Inc., Hauppauge
Jim Charles, 516/231-2832
or
Continental Capital & Equity Corp., Longwood, Fla.
Michael Irving, 407-682-2001
www.insidewallstreet.com
KEYWORD: NEW YORK
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