To: BuzzVA who wrote (9561 ) 12/11/1998 9:52:00 AM From: Pat Jacks Respond to of 10903
I found this news about ATEC.....interesting. Year 2000 Wire/ATEC Group Inc.'s Internet Super Store, Atecbuyer.com, to be Completed in Mid-January 1999 BusinessWire, Thursday, December 10, 1998 at 15:55 HAUPPAUGE, N.Y.--(BUSINESS WIRE)--Dec. 10, 1998--ATEC Group Inc. (NASDAQ:ATEC) announced the inauguration of its own web site, ATECBUYER.COM. While currently activated, the site is scheduled to be completed in mid-January 1999. Referred to as ATEC's Super Store, the site will present 20,000 information technology and computer related products for sale. In promoting its products, the company will offer "specials," "auction items," as well as regular priced items. The company is also in discussions with main search engines for site access. Surinder Rametra, CEO of ATEC, stated: "After a record year of $187 million in revenues, the company is excited about the advent of our Internet Super Store which will be instrumental in expanding the marketability of our products. While enhancing our revenue and earning growth, we believe this new distribution channel will be significant to the company as it is one more avenue to assist our existing customer base, as well as a means for the company to acquiring new, satisified customers." Based in Hauppauge, ATEC Group Inc. is a leading system integrator and provider of a full line of information technology service products. As a one-stop solution provider for the computer needs of businesses, professionals, government agencies and educational institutions, ATEC enters the new millenium with a technological arsenal that includes Year 2000 remediation, multimedia products, video conferencing, system integration, networking, high speed data transmission, Internet, and Intranet ready solutions. In addition, the company has positioned itself for growth in telecommunications, outsourcing of IT professionals, and offshore software development to provide its clients' technological needs in a cost effective manner. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions, and other uncertainties detailed in the company's filings with the Securities and Exchange Commission. CONTACT: ATEC Group Inc. Seema Wasil, 516/231-2832 or Continental Capital & Equity Corp. Michael Irving, 407/682-2001