ATEC Group to Relocate to New Facilities in Commack, N.Y.; Company Will Expand Operating Space by Nearly 300%.Business Editors HAUPPAUGE, N.Y.--(BUSINESS WIRE)--June 22, 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 the company is moving its Long Island office from Hauppauge to a new facility in nearby Commack, NY. The move, effective July 1, will expand the company's facilities from its current 6,000 square feet to more than 23,000 square feet. The additional space will be used primarily for the company's Nexar(R) PC manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. , as well as for the company's core business in system integration and service. "Over the past year, we have spent considerable time and resources developing the infrastructure for our Nexar operations, including establishing our unique NexCall 24-hour, 7-days-a-week hardware and software support service, hiring a team of talented people and getting our distribution system in place," said Surinder Rametra, chairman and 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. of ATEC Group, Inc. "We believe that now is an opportune time to expand the amount of Nexar manufacturing, assembly and distribution that we conduct from our Long Island facility. This will both improve the productivity and volume of this division, as well as better position us in the metropolitan New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of area. By moving to these new facilities, we are clearly investing in our future - both for Nexar and for the company's core business." The company's new address will be 69 Mall Drive, Commack, NY 11725. The company's new phone and fax will be 631-543-2800 (phone) and 631-543-3780 (fax). About ATEC Group Based in Hauppauge, NY, 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 graphic arts: see aquatint; drawing; drypoint; engraving; etching; illustration; linoleum block printing; lithography; mezzotint; niello; pastel; poster; silk-screen printing; silhouette; silverpoint; sketch; stencil; woodcut and wood engraving. , 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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