ATEC Group Appoints COO of Software Division.Business Editors HAUPPAUGE, N.Y.--(BUSINESS WIRE)--Jan. 11, 2000 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) Group, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ATEC), announced today that Dr. Raj Mehta has joined the company as chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of its software division. Dr. Mehta will report directly to Surinder Rametra, ATEC Group's chief executive officer and chairman. Dr. Mehta enjoys more than 25 years of experience in management, business development, software design and information technology. Before joining ATEC Group, Dr. Mehta worked previously at Digital Equipment Corp. (DEC), at Wang Labs and, most recently, at the India-based subsidiary of OCL (language) OCL - 1. Operator Control Language. 2. Object Constraint Language. India Ltd. (Softek), where he managed business development, IT and software development operations. Dr. Mehta was awarded a Ph.D. in Electrical Engineering electrical engineering: see engineering. electrical engineering Branch of engineering concerned with the practical applications of electricity in all its forms, including those of electronics. from the Massachusetts Institute of Technology Massachusetts Institute of Technology, at Cambridge; coeducational; chartered 1861, opened 1865 in Boston, moved 1916. It has long been recognized as an outstanding technological institute and its Sloan School of Management has notable programs in business, in 1980. "We are very pleased to have Dr. Mehta join our software solutions group, which offers clients a range of services, from software analysis, design and testing to implementation, training and maintenance. Our team of technical experts, already among the industry's best trained, will be greatly enhanced by Dr. Mehta's leadership. We know that he will help to take this division to higher levels," said Rametra. Commented Dr. Mehta, "I am impressed with the capabilities and growth of ATEC Group's software division and by the obvious commitment to working together with clients to develop a seamless, quality solution to their software development needs. I believe that my decades of experience working in this field, including my off-shore relationships, will be a valuable asset as we seek to build this new division and increase its contribution to the company's revenues." About ATEC Group Based in Hauppauge, New York Hauppauge (pronounced /hɔpɔg/) is a hamlet in the Town of Islip and the Town of Smithtown in Suffolk County, New York, United States. , ATEC Group, Inc., is a leading system integrator and provider of a full line of information technology products and services. As a one-stop company for the computer needs of businesses, government agencies and educational institutions, ATEC Group offers computer hardware and software, system integration networking, graphic arts, Internet and Intranet. The company is positioned for growth through its capabilities as a PC manufacturer of Nexar technology, in software development and e-commerce. For more information on ATEC Group, please visit the company's web site at www.atecgroup.com. 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 that are not historical facts contained in this press release are forward-looking statements 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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