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

To: Done, gone. who wrote (979)	11/24/1997 9:33:00 AM
From: John Chapman	Read Replies (1) \| Respond to of 1298

NEWS ATEC Group Inc. Signs Acquisition Agreement With Global Trading & Leasing Corp. BusinessWire, Monday, November 24, 1997 at 07:45 HAUPPAUGE, N.Y.--(BUSINESS WIRE)--Nov. 24, 1997--ATEC Group Inc. (NASDAQ:ATECD) a leading provider of computer solutions, announced Monday that the company has entered into a definitive agreement to acquire Global Trading & Leasing Corp. (Global), a cash transaction based on the book value of Global. The acquisition of Global, a reseller of computer hardware, software and related peripherals to various government agencies, provides new avenues in educational sales for ATEC. In addition, ATEC will obtain the distribution rights through quasi public Corporations with whom Global has established key business contacts and relationships. Current clients of Global include: Central Missouri State University (CMSU), New York City Transit (NYCT), Sanford Brown College (SBC), Harvey Bass Information Systems (HBIS), Union County College (UCC), and Delaware River Port Authority (DRPA). Contracts with these companies allow Global to participate in their bidding process. ATEC Group Inc. is a leading system integrator and provider of a full line of information technology products and services to business, professionals, government agencies and educational institutions. ATEC offers leading computer hardware, software, connectivity devices, multimedia products, data communication via satellite, video conferencing, Internet, intranet and Y2K solutions to their clients. CONTACT: Continental Capital & Equity Corp. Michael Irving, 407/875-1110 or ATEC Group Inc. Seema Wasil, 516/231-2832 (ATEC)