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Microcap & Penny Stocks : ATEC Group. Huge growth with PE of 12.5! -- Ignore unavailable to you. Want to Upgrade?


To: Fast Eddie who wrote (1294)8/6/1999 3:55:00 PM
From: Fast Eddie  Read Replies (1) | Respond to of 1298
 
News!

HAUPPAUGE, N.Y.--(BUSINESS WIRE)--Aug. 6, 1999--Nexar®, an ATEC Group Inc. (NASDAQ:ATEC - news) company, announced the delivery of its Empower PC Series, designed to perform multi-tasking and multi-processing functions.

Manufactured exclusively by Nexar®, the Empower Series is a PC with a single processor upgradeable to a dual processor in the same unit -- delivering server power in desktop PC computing. The Empower Series is built to custom specifications, using widely accepted components and peripherals to ensure 100% compatibility. The Empower Series is marketed to high-end government, corporate, educational and consumer markets through electronic commerce as well as traditional retail and distribution channels.

''This is the second phase of the three-part product development series we undertook with the acquisition of Nexar®,'' said ATEC CEO Surinder Rametra. ''The value-priced Enable Series allowed us to test market our technology. The Empower Series helped us strengthened our infrastructure. We have taken our time, but it was worth it. Now ATEC is positioned to aggressively move forward with phase three of the Nexar® series and to continue delivering the quality and value our customers expect.''

To distinguish Nexar® from competitors in the rapidly expanding PC manufacturing market, the Empower Series optimizes speed execution, maximum performance and flexibility. It is designed for clients who demand quality business solutions. The Empower Series product line includes:

Single Processor unit -- a PC system providing value and flexibility. It supports Intel PII / PIII, Celeron and AMD CPUs.

Dual Processor unit -- the ultimate performance on a PC System. It supports two Intel PII/PIII CPUs, providing multi-tasking and multi-processing capabilities.

The Empower Series made its corporate debut at The ATEC Group's 7th annual golf outing and appreciation day for clients, vendors and employees. The event was held at the Wyndham Windwatch Country Club in Hauppauge, on Aug. 3, 1999. The Empower Series ''sneak preview'' received an overwhelming response from ATEC's clients, as well as its marketing and sales team.

''The Empower Series is aptly named. It will have tremendous appeal to our clients who are tired of seeing their newly purchased systems become obsolete shortly after they are acquired,'' said ATEC Chief Operating Officer Rahul Rametra. ''Nexar® is the first in the marketplace offering this simple, yet elegant solution to ever-expanding computing power.''

All Nexar® systems have a standard one-year warranty. In addition, Nexar's toll free 800 number provides technical support. Extended options are also available. For a complete review of the Empower Series, visit the Nexar® WEB Site at: www.nexarusa.com or www.atecgroup.com.

Based in Hauppauge, Nexar® is a division of The ATEC Group, Inc. It is engaged in PC manufacturing with patent pending XPA technology. ATEC is a leading system integrator and provider of a full line of information technology products and services. It offers turnkey solutions 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 devises, 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, out sourcing of IT professionals, and offshore software development. For more information on Nexar® and The ATEC Group, Inc. please visit the Company's WEB Site at: www.atecgroup.com.

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.

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Contact:

Nexar® Technologies, Hauppauge