8th Acquisition for GCO: Omnitech Consultant Group Inc. Acquires PGE.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 the company has signed an offer to purchase for the acquisition of all of the issued and outstanding shares of Les Systemes de Gestion PGE PGE Pacific Gas and Electric Company PGE Portland General Electric PGE Prostaglandin E PGE Platinum Group Elements PGE Pacific Great Eastern (Railroad) PGE Phenyl Glycidyl Ether PGE Perfect Girl Evolution Inc. (PGE).Luc Bellerose, the sole shareholder of PGE, accepted the purchase offer on June 17, 2005.The purchase offer is subject to the approval of the appropriate regulatory authorities. With the acquisition of PGE, GCO strengthens its sixth business unit, titled "HUMAN CAPITAL", by adding software and hardware tools that simplify and improve the management of human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , including those on variable schedules, thus increasing both performance and yield. Unaudited financial statements for PGE for the fiscal year ended June 30, 2004 show revenues of $401,767 and net profit of $95,034. According to the same financial statements, PGE had assets of $178,693 and liabilities of $103,001.Shareholders' equity Shareholders' Equity A firms' total assets minus its total liabilities. Equivalently, it is share capital plus retained earnings minus treasury shares. Shareholders' equity is the amount by which a company is financed through common and preferred shares. was $75,692. Under the terms of the purchase offer, the offer price is $325,000 payable through the issuance of 191,176 common shares of GCO at a price of $1.70 per share. "The addition of high-performance software and hardware will enable our HUMAN CAPITAL business unit to grow more rapidly among major corporate, institutional and government clients," says Claude Belley, President and Chief Executive Officer of GCO."GCO will enable us to complete our product line, and also provide us with access to a seasoned R&D team," says Luc Bellerose, President of PGE. About Systemes de Gestion PGE Inc. (PGE) PGE is the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. leader in the provision of human-resources management solutions.PGE offers time management and resource-planning management solutions.With its broad range of hardware, software and professional services, its clients now have available powerful tools to simplify and improve their human resource management.PGE is a proud business partner of Groupe MBB MBB Men's Basketball MBB Master Black Belt (Six Sigma) MBB Messerschmitt-Bölkow-Blohm MBB Medical Biochemistry and Biophysics (Karolinska Institutet, Stockholm, Sweden) MBB Make Before Break Gelma, an international alliance with a substantial presence in more than 26 countries. 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), this combination providing a major and distinctive niche.GCO integrates new technologies or optimizes existing systems by applying cutting-edge expertise currently used in the best management 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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