KNSC, good news out.
MINNEAPOLIS, March 22 /PRNewswire/ -- In a continuing effort to become a
force in the Internet/Telephony vertical market, Kensington International
Holding Corporation (OTC Bulletin Board: KNSC) announced today that it has
entered into a definitive Letter of Intent to acquire 100% of the outstanding
stock in Results Technology Group, Inc., Results Technology Group, LLC, dba
RTG Cable Solutions, and RTG Network Solutions, collectively known as RTG
Solutions, with its headquarters at 6466 City West Parkway, Eden Prairie,
Minn., 55344.
Under the Agreement Kensington will purchase RTG Solutions under the JRS
368 stock exchange rule. Timing for the closing of the transaction is
tentatively scheduled for April, subsequent to the Kensington's Board of
Directors meeting.
RTG Solutions, through its different entities provides hardware
procurement, network infrastructure, Internet connectivity, Web integration,
application and database development, project management and business
re-engineering competencies to its clients. Additionally, RTG offers voice,
data, and security cabling design and installation expertise both in the
commercial and residential markets.
RTG's current client base spans the corporate spectrum, from the SMB
(small-to-medium) sized entrepreneur businesses to Fortune 500 companies. "We,
as a business practice, focus on fully understanding the client's core
competency. This enables us to better support their needs not just today, but
in the future. When we have an opportunity to educate our customers on the
true benefits of implementing a technological solution, we earn a customer for
the long term," commented Mike Rettke, Executive Vice President of Sales &
Marketing for RTG.
Founded in 1998, RTG surpassed one million dollars in revenue in its first
year of operations. Following up last year, RTG experienced in excess of
100% revenue growth across all its divisions. RTG has successfully become a
full-service I/T consultancy and Web Integration firm through strategic
partnerships with companies such as DELL Computer Company, Vector Internet
Services, Inc. (VISI.com), Ingram-Micro, Northstar Access and others.
"Ever since we (RTG) took on the remarketing of the Mail Call technology,
we have been impressed with Mark's strategic direction for Kensington. The
commitment to the B2B model, the continual diversification of Kensington and
the overall synergistic nature of the companies all exemplify prudent and
deliberate business practices that will pay off in the long term. We are very
excited to be a part of the team," said Jason Picciano, RTG Founder and
President.
Mark Haggerty, CEO of Kensington, stated, "With each step we move closer
to our ultimate goal, to be a technology-oriented company, specializing in the
Internet/Telephony segment of the industry, which will provide true value to
our shareholders."
The Company indicated that Mr. Picciano most likely will become a Senior
Executive Officer of Kensington and maintain being the President of the
Technology-related businesses.
Additionally, Kensington has hired Mr. Jerry Ramlet as Vice President of
Sales & Marketing for Mail Call and other Technology-related businesses. Mr.
Ramlet has over 13 years experience in the telephony and wireless industry.
His extensive sales & operations experience include positions with US West
Wireless, AT&T Wireless Services (formerly McCaw Cellular Communications,
Inc.), Quantum Communications Group, Inc., Quantum Wireless Solutions, Inc.,
Ramlet & Associates and most recently North American Communications, Inc.
During his career, he has been successful bringing new products and
technologies to the marketplace. "With the new products and technologies that
Kensington is considering, Jerry's experience is exactly what we need," noted
Mark Haggerty.
Mr. Ramlet will be responsible for continuing Mail Call's corporate
strategic direction, as well as its overall day-to-day operations. The
Company will be releasing new marketing materials in the next couple of weeks.
The preceding statements are made pursuant to the Private Securities
Litigation Reform Act of 1995, as amended, in order for the Company and MAIL
CALL, INC. to avail themselves of the "safe harbor" provisions of that Act, as
amended. Certain statements in this release and the Company's and MAIL CALL,
INC.'s financial projections that are not historical fact constitute
"forward-looking information." Such forward-looking information involves
known and unknown risks, uncertainties and other factors, which may cause the
actual results of the Company and MAIL CALL, INC. to be materially different
from results expressed or implied by such forward-looking information. Such
risks, uncertainties and other factors include, but are not limited
to: customer demand not meeting expectations; lack of consistent supply of
hardware and software to service demand; lack of adequate distribution
markets; the inability to generate enough cash to service operations; the loss
of the right to resell or use others' products; adverse economic conditions;
intense competition; inadequate capital; unexpected costs; lower revenues and
net income than expected; loss of customers; price increases; failure to
obtain customers; the possible acquisition of a new business or products that
do not perform as anticipated; inability to carry out marketing and sales
plans; changes in interest rates; inflationary factors; inability to meet
customer demand and other specific risks that may be alluded to in this press
release or in other reports issued by the Company or MAIL CALL, INC.
SOURCE Kensington International Holdings Corporation
-0- 03/22/2000
/CONTACT: Mark Haggerty, CEO of Kensington International Holdings
Corporation, 612-546-2075, mark@mailcall.net , or Jason Picciano, President of
Results Technology Group, Inc., 612-918-0280, jrp@rtgonline.com /
(KNSC)
CO: Kensington International Holdings Corporation; Results Technology Group,
Inc.; Results Technology Group, LLC; dba RTG Cable Solutions; RTG Network
Solutions; RTG Solutions; MAIL CALL, INC.
ST: Minnesota
IN: MLM TLS CPR
SU: TNM PER
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