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Technology Stocks : CCGI: ComTech Consolidated -- Ignore unavailable to you. Want to Upgrade?

To: DuGen who wrote (324)	6/29/1999 9:33:00 AM
From: EZ ED	Read Replies (1) \| Respond to of 394

(PR NEWSWIRE) ComTech and Healthcor Holdings Announce Deal ComTech and Healthcor Holdings Announce Deal HOUSTON, June 29 /PRNewswire/ -- ComTech Consolidation Group Inc. (OTC Bulletin Board: CCGI) and Healthcor Holdings Inc. (OTC Bulletin Board: HCOR) today announced that ComTech subsidiary Unique Dawning Inc. has acquired Healthcor's Medicare and Commercial Home Health Care Operations located in Beaumont, TX in exchange for cash. These operations generated approximately 2 million dollars in revenues in fiscal 1998. Mr. Winfred Fields, ComTech chairman and chief executive officer, said, "We are very pleased to announce this acquisition and further strengthen our presence in the Texas Healthcare Industry. We are continuing to evaluate our overall marketplace and identify potential acquisition targets." Mr. Fields continued, "This acquisition will add significantly to our existing revenue stream while not causing any dilution to ComTech shareholders." 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- 06/29/99 /CONTACT: Glenn Bartolini, VP Investor Relations, The Compass Point Group, Inc., 619-525-0800, gb@compasspointgroup.com, for ComTech Consolidation Group Inc./ (CCGI HCOR) CO: ComTech Consolidation Group Inc.; Unique Dawning Inc.; Healthcor Holdings Inc. ST: Texas IN: HEA SU: TNM * end of story *