6th Acquisition for GCO: Omnitech Consultant Group Inc. Acquires Winpunch and Micro-Solution.QUEBEC CITY, Quebec -- Omnitech Consultant Group Inc. ("GCO GCO Google Check Out GCO Georgia Carpet Outlet GCO Ground Communication Outlet (aviation) GCO Global Children's Organization (Los Angeles, CA) GCO GeorgiaCarry. ") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:GCO) announced that it has signed an offer to purchase in order to acquire all of the issued and outstanding shares of 9041-9326 Quebec Inc., which operates under the business name Winpunch Informatique (Winpunch) and 9031-9344 Quebec inc. which operates under the business name Micro-Solution (Micro-Solution). Denis Denis, king of Portugal: see Diniz. Rioux, is the sole shareholder and the administrator of Winpunch, and co-shareholder with Nathalie Frechette in Micro-Solution. Both offers were accepted on April, 30, 2005.These offers to purchase are conditional on the approval of the appropriate regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities . With the acquisition of Winpunch and Micro-Solution, GCO completes its product line, adding a company that offers software to compile data entry and perform employee production-time calculations according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the client's specific operating rules. Interim unaudited Winpunch financial statements for the nine months ended March 31st 2005 show revenues of $105,820 a net profit of $39,447. Unaudited Micro-Solution financial statements for the fiscal year ended February 28th, 2005 show revenues of $252,117 a net profit of $105,298 Under the terms of the offer to purchase, the offer price is $450,001 payable as follows: $200,001 in cash payable at the closing of the transaction, and the issuing of 150,000 common shares of GCO at a price of $1.67 per share for a value of $250,000. "This acquisition will greatly enhance our line of production-time management business solutions among our manufacturing clientele," said Claude Belley, President and Chief Executive Officer of GCO."We can now boast a team of quality developers and a seasoned sales network," said Denis Rioux, President of Winpunch and Micro-Solution. About Winpunch and Micro-Solution Winpunch leverages its experience and its numerous achievements in customized application development, integration of technologies, technical assistance and high-level equipment installation to offer its clients production-time management solutions.Winpunch has six programmers This is a list of programmers notable for their contributions to software, either as original author or architect, or for later additions. See also: Game programmer, List of computer scientists , two analysts and a training instructor to ensure an expert response to the ever-growing needs of its discerning dis·cern·ing adj. Exhibiting keen insight and good judgment; perceptive. dis·cern  ing·ly adv. clientele. About Omnitech Consultant Group Inc. ("GCO") GCO operates in the engineering, information technology and systems maintenance sectors.GCO is capable of intervening in all aspects of industrial engineering and information technology (IT), thus combining a major and distinctive niche in comparison with the competition.GCO integrates new technologies or optimizes existing systems by applying cutting-edge expertise currently used in the best practices. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. assumes no responsibility with regard to the relevance or accuracy of this press release. Omnitech Consultant Group Inc. (TSX VENTURE:GCO) |
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