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Technology Stocks : Aztec (AZTC) Technology Partners, Inc. -- Ignore unavailable to you. Want to Upgrade?


To: VivB who wrote (81)11/24/1998 8:19:00 PM
From: M. Carver  Respond to of 215
 
Very positive (and welcomed) news from AZTC! This is their first step to gain back a proper stock valuation for the company.

Note on the news today the volume was heavy, stock moved up +1/2 on an otherwise down day from on the markets.

Also note Jim's comments (the CEO) that their business remains strong with no sense of softness as has been experienced by some of their competitors. Very good. Their PE is just plain silly (low) at this price for fiscal '99 expectations!



To: VivB who wrote (81)12/16/1998 12:57:00 AM
From: VivB  Respond to of 215
 
Aztec Technology Strengthens Senior Management Team
biz.yahoo.com
Tuesday December 15, 4:49 pm Eastern Time, Company Press Release
BOSTON--(BUSINESS WIRE)--Dec. 15, 1998--Aztec Technology Partners, Inc., (Nasdaq:AZTC - news), a leading single-source provider of information technology business solutions, today announced the appointment of two senior managers to further expand its foothold in the IT services industry.

According to Jim Claypoole, Aztec's chairman and chief executive officer, the decision to add these new positions was largely driven by the strong and consistent growth Aztec has seen in the enterprise design and IT implementation and outsourcing sectors of its business. Aztec's responsiveness to market need is a significant contributing factor to the Company's strong financial performance.

''Since Aztec develops and implements systems using Microsoft technology, we have seen an increased demand for these services and believe it provides evidence that the market for software applications is improving along with the demand for financial and database products such as Oracle,'' Claypoole said. ''While a number of IT service companies have announced weakness in their core businesses in recent months, Aztec's target markets have not been affected by any industry slowdown.''

''Clients are outsourcing more technical services such as network operating centers (NOCs) and IT help desks,'' he continued. ''Jim Van Wagenen, the new Director of Strategic Development, will implement Aztec's national expansion of these programs. Bob Finigan, our Enterprise Solutions Manager, is focused on solving client business issues from the CIO's perspective and concentrating on expanding our IT consulting and enterprise design business in the Northeast. Both of these seasoned industry professionals with proven track records will bring additional strength to our management team,'' Claypoole added.

Van Wagenen, a 25-year veteran of the IT industry, spent eight years as the CIO for a Fortune 50 company directing worldwide operations. He was also president and CEO of Cogna Systems, an IT service provider, and has spent the past ten years as an IT consultant to corporate management focused on service, productivity and cost efficiency in IT operations.

Finigan, who has 13 years' IT experience, has concentrated on sales, management and service positions for both systems integration and IT consulting companies. Most recently, he was responsible for the sales of consulting, application development and training services for InfoImage, an applications developer and consultant. Before that, he managed the consulting and technical services groups of a $450 million systems integrator.

About Aztec Technology Partners

Aztec Technology Partners, Inc. is a ''one-stop'' information technology solutions provider for middle market and Fortune 1000 companies from a broad range of industries. Aztec provides superior client service and value-added solutions to customers throughout the U.S. For more information, please visit the Company's Web site at www.aztectech.com.

This press release contains ''forward-looking statements,'' within the meaning of federal securities laws, that involve risks and uncertainties. All statements herein, other than those consisting solely of historical facts, that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such matters as business strategy, measures to implement strategy, competitive strengths, goals, references to future successes and other events, may be forward-looking statements. Statements herein are based on certain assumptions and analyses by the Company in light of its experience and its perception of historical trends, current conditions and potential future developments, as well as other factors it believes are appropriate in the circumstances. However, whether actual results, events and developments will confirm with the Company's expectations is subject to a number of risks and uncertainties and important factors could cause actual results, events and developments to differ materially, from those referenced in, contemplated by or underlying any forward-looking statements herein, including among others, the continued development and viability of the Company's operations, the Company's success in identifying, completing and integrating acquisitions, the Company's ability to manage its growth, the impact of industry and economic conditions, competition and other factors, many of which are beyond the control of the Company. Consequently, all forward-looking statements made herein are qualified by these cautionary statements and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized.

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Contact:

Ludgate Communications
Nancy Campbell
(212) 515-0243
ncampbell@ludgateny.com