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To: SSP who wrote (37555)	3/17/2000 12:31:00 PM
From: StocksDATsoar	Respond to of 150070

Huge news on CCGI. Applies to -- CCGI -- DSW -- GRIC ComTech Consolidation Group Inc. Announces Entry Into Explosive Internet Sector; Company Will Redirect Its Efforts to Focus On Technology and the Internet ComTech Consolidation Group Inc. Announces Entry Into Explosive Internet Sector; Company Will Redirect Its Efforts to Focus On Technology and the Internet HOUSTON, Mar 17, 2000 (BUSINESS WIRE) -- ComTech Consolidation Group Inc. (OTCBB:CCGI) today announced that the Board of Directors have agreed to change the business direction of the company. Effective immediately ComTech will focus primarily on growing and acquiring Internet and technology related companies. The company will increase its efforts to develop and expand the current operations of Networks Online and Enhanced Internet Service Providers as well as aggressively seek to acquire other Internet related properties. The company is currently in talks to acquire a number of Internet related companies and Web sites. ComTech Chairman and Chief Executive Officer Walter Davis commented, "We have made the decision to increase our focus on ComTech's Internet operations after carefully considering all available options. We will continue to roll out Broadband services in the Houston area through Networks Online in conjunction with ASDL partner Southwestern Bell (NYSE:DSW), and will seek to increase our marketing efforts. Networks Online currently has several valuable industry partners, including Gric Communications (NNMS:GRIC) to provide expanded dial-up services globally for all Networks Online customers and CMG Internet Group (NNMS:CMGI) subsidiary myway.com to provide expanded content to all NOL customers." Davis continued, "We also plan to expand our Web development, video conferencing and e-commerce capabilities as we acquire additional Web sites for future development. We are currently in negotiations with several Internet related companies and hope to consummate our first technology acquisition shortly." About ComTech Consolidation Group Inc. ComTech Consolidation Group Inc. is a Houston based holding company whose primary focus is to acquire and develop Internet and technology related companies. ComTech trades on the Over the Counter Bulletin Board under the ticker symbol CCGI and is a fully reporting company. The company currently owns two technology related companies, Enhanced Internet Service Providers and Networks Online both located in Houston and has health care operations in Louisiana and Texas. The companies' Web sites are www.ccg.net, www.nol.net and ComTech SEC filings can be found at www.freeedgar.com 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. Distributed via COMTEX. Copyright (C) 2000 Business Wire. All rights reserved. -0- CONTACT: ComTech Consolidation Group Inc. Walter Davis, 713/554-2244 or About-Face Communications LLC Scott Gallagher, 215/741-5883 Sdgalagher@aol.com KEYWORD: TEXAS LOUISIANA INDUSTRY KEYWORD: INTERNET COMPUTERS/ELECTRONICS E-COMMERCE Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com