Copyright © 2026 Knight Sac Media. All rights reserved.https://www.siliconinvestor.com/subject.aspx?subjectid=26439 Tuesday March 9, 9:57 am Eastern Time Company Press Release ATEC Group, Inc. Acquires Nexar Technologies' Patents and Trademarks and Creates New Manufacturing Technology Division Management Projecting New "Nexar Technologies" Division Will Contribute Over $100 Million In Annual Revenue HAUPPAUGE, N.Y.--(BUSINESS WIRE)--March 9, 1999-- ATEC Group, Inc. (Nasdaq:ATEC - news) today announced that it has acquired the patents and trademarks of Nexar Technologies, Inc.'s (OTC BB:NEXR) popular XPA(tm) PC cross processor architecture in a court approved transaction. Additionally, ATEC will be establishing a new manufacturing technology division, (also known as Nexar Technologies, Inc.), to focus primarily on producing the industry's only ''future ready'' personal computing system. Providing unparalleled support for new and emerging technologies, the Nexar XPA(tm) PCs enable consumer and business users to reduce ownership costs, protect their technology investments and extend the lifecycle of their personal computer. NEXR's key management team has agreed to join ATEC and will assist the Company in maximizing market penetration for the XPA(tm) PC and the subsequent lineage of products in development. Specifically, Al Agbay, former Chairman, CEO and President of NEXR, will become President and CEO of ATEC's new division. According to Surinder Rametra, Chairman and CEO of ATEC Group, ''Our objective is to become the industry leader in designing and marketing personal computers with technology that enables easy upgrades at minimal cost. Nexar's computing approach is one of the best examples of this type of differentiation that I've seen and now provides ATEC with a clever and proven solution to the problem of obsolescence.'' Continuing, Rametra added, ''ATEC has clearly recognized the necessity to redefine our corporate growth strategy. As such, by manufacturing our own patented model and brand of PC's, we realize some immediate benefits -- not the least of which is the reclassification of ATEC from a computer reseller to a manufacturing technology company, which should allow us to enjoy significantly improved market multiples. Furthermore, the new Nexar division is expected to contribute over $100 million in sales and $3 million in net income in the first full year in operation. Gross margins in this area of operation are expected to exceed 20%.'' Al Agbay, President and CEO of Nexar Technologies, Inc., stated, ''With ATEC's proven resources, outstanding reputation and impressive network of industry contacts, achieving mass market awareness and acceptance of the new XPA system should be dramatically enhanced. For years, Nexar has understood the prevailing problems associated with computer obsolescence and has striven to deliver practical and user-friendly solutions. We are looking forward to incorporating our technological expertise with that of ATEC's to ensure that the XPA(tm) platform technologies are successfully perpetuated, thereby permitti...https://www.siliconinvestor.com/images/Logo380x132.pnghttps://www.siliconinvestor.com/subject.aspx?subjectid=2643938013210