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

To: jimmy who wrote (288)	5/4/1999 9:47:00 AM
From: EZ ED	Read Replies (2) \| Respond to of 394

ComTech Announces Acquisition Through UDI Subsidiary May 4, 1999 09:15 AM HOUSTON, May 4 /PRNewswire/ -- ComTech Consolidation Group, Inc. CCGI today announced that its subsidiary Unique Dawning Inc. has acquired Royal Living Personal Care Home. RLPCH is a housing facility for the chronically mentally ill. This new acquisition should add over $700,000.00 to UDI's current revenue stream by providing expanded services in addition to those already available through UDI's partial hospital facility in Houston. Commenting on the acquisition, UDI President Mr. Winfred Fields said, "With the acquisition of RLPCH, Unique Dawning has further strengthened its presence in the Houston market. We are continuing with our internal growth strategy at all subsidiary levels at ComTech, as we further build on the accomplishments of 1998's tremendous growth rate." About Unique Dawning Inc. UDI posted revenues of $1,300,000.00 in fiscal 1998 with profit margins of more than 20%. On March 16th UDI announced the acquisition of CPHC in Baton Rouge, LA. UDI President, Mr. Winfred Fields is also CEO and Chairman of the board of ComTech Consolidation Group, Inc. 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 risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results. SOURCE ComTech Consolidation Group, Inc.