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

To: Bonnie B. who wrote (73)	6/22/1998 9:43:00 PM
From: Mr. Jens Tingleff	Read Replies (1) \| Respond to of 394

recv.here 2:31 AM Jun 23 - News Company Press Release ComTech Consolidation Group, Inc., to Acquire 2nd Health Care Consortium HOUSTON, June 23 /-- ComTech Consolidation Group, Inc., (OTC Bulletin Board: CCGI) today announced that it has reached a preliminary agreement to acquire a consortium of Texas based health care related businesses, consolidated under FAD Holdings, Inc. (FADHI), a Texas corporation is planned for closure next month (July). The FADHI consortium, headquartered in San Antonio, is currently reporting sales revenue which will exceed $15 million for 1998, while maintaining a historical EBIT around 12%, from sales of outpatient healthcare related services (partial hospital, home health care, home health management, and health care financial services). Mr. Roger R. Stewart, CEO and Chairman of ComTech commented, "With the planned acquisition of FADHI, ComTech's previously published forecast for the third quarter ($7.1 million) will most likely be surpassed. Mr. Stewart went on to state, "with the end of the 2nd quarter only a few days away, we feel very comfortable that ComTech's consolidated sales forecast of $5.2 million will be met." ComTech also stated that detailed information regarding CCGI can now be reviewed on/line @ www.ccg.net, including financial statements and projections. ComTech also announced that Mr. Stewart plans to hold an open line conference call with interested parties on June 25, 1998, at 4:15 PM EDT to discuss CCGI and its developments. All current and prospective shareholders, institutional portfolio managers, investment bankers, security analysts, members of the brokerage community, representatives of the trade and general business media, and other interested parties are encouraged to participate in this conference call. To take part in the tele-conference, call M&A West, Inc., Investors Relations at (650) 588-2678 to reserve your space on the call. 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 risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results. Investor Relations Contact: Scott Kelly, M&A West, Inc. (650) 588-2678 www.mawest.com Kr Jens