ATEC Begins Manufacturing PC's With AMD Powered Systems With 3D Now! Technology.HAUPPAUGE, N.Y.--(BUSINESS WIRE)--April 6, 1999--ATEC Group, Inc. (Nasdaq:ATEC ATEC Army Test and Evaluation Command (US Army; formerly OPTEC, Operational Test & Evaluation Command) ATEC Australian Tourism Export Council ATEC Advanced Technologies (Hamburg, Germany) ) announced Tuesday that it has begun manufacturing a family of personal computers through its recently acquired division of Nexar Technologies Inc. The first phase of manufacturing is designed specifically for retail, educational, government and corporate markets. To bolster its Nexar manufacturing division, ATEC has chosen AMD (Advanced Micro Devices, Inc., Sunnyvale, CA, www.amd.com) A major manufacturer of semiconductor devices including x86-compatible CPUs, embedded processors, flash memories, programmable logic devices and networking chips. as a strategic vendor to produce a series of AMD powered systems based on K6-2 and K6-3 processors with 3D Now! Technology. The introduction of a high performance personal computer under their own brand name, "NEXAR" redefines ATEC's Corporate growth strategy and opens distribution channels previously unavailable. ATEC's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Surinder Rametra stated: "This new step allows ATEC to be a new entrant into the PC manufacturing sector. Having been a large reseller for the major PC manufacturers, we believe we have an intimate knowledge of what our customers want and need from a vendor. Our family of personal computers will encompass not only the sub $1,000 arena, but with our XPA XPA Xeroderma Pigmentosum, Complementation Group A (protien) XPA X Public Access XPA Extra Points Attempted (football) model will address the higher-end computing user. With Nexar, we become a self dependent entity able to provide more reliable, totally complete IT solutions for both new and existing clients." Michael Paciello, VP of the Nexar PC Division of ATEC remarked: "Since the acquisition of the Nexar PC Division on March 9, 1999, ATEC has already processed orders for over 2,000 systems with back orders for over 3,000 more. These orders represent multiple retail accounts and constitute a very healthy start for ATEC's new PC Division." "We are extremely pleased with the high level of support we have received from AMD," stated Craig Conrad, vice president of Marketing of ATEC Group PC Manufacturing Division. "AMD processors enable us to develop systems that offer our clients the best value in a high performance PC. To have AMD as a strategic vendor certainly gives us the wherewithal where·with·al n. The necessary means, especially financial means: didn't have the wherewithal to survive an economic downturn. conj. Wherewith. pron. Wherewith. to go after new markets...markets which we have not focused on before." ATEC also announced plans to develop the next generation of the Nexar Cross Processor Architecture (XPA) Technology. XPA provides customers with a truly upgradable PC platform. XPA PC's innovative design allows for inexpensive upgrades to the latest technology, addressing the client's most critical concern: the cost of PC ownership. 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 millennium with a technological arsenal that includes Year 2000 remediation, multimedia products, video conferencing See videoconferencing. (communications) video conferencing - A discussion between two or more groups of people who are in different places but can see and hear each other using electronic communications. , 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, e-commerce, ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. and offshore software development to provide its clients' technological needs in a cost effective manner. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements which are not historical facts contained in this press release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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. |
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