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Advanced Media Training, Inc. Announces Completion of Acquisition of Dematco Limited.


ENCINO, Calif. -- Advanced Media Training, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:AMTN AMTN Australian Materials Technology Network ), announced that it has exercised its option to acquire all the remaining 92,920,000 issued and outstanding shares of Dematco Limited, a UK company. As a result, Dematco is now a wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 of AMTN. As previously announced on March 20, 2006, in a 5-for-4 stock exchange, AMTN issued 6,464,000 of its common stock for 8,080,000 shares, representing eight percent of Dematco's total issued and outstanding equity. As part of that transaction, AMTN acquired the option to exchange 92,920,000 shares of its common stock for all of the remaining issued and outstanding equity of Dematco.

Upon the closing of the acquisition AMTN's current officers and directors were replaced by the appointments of Mr Robert Stevens Robert Stevens is a common name that may refer to:
  • Robert L. Stevens (1787–1856), president of the Camden and Amboy Railroad in the 1830s and 1840s.
  • Robert Ten Broeck Stevens (1899-1983), a U.S. politician who opposed Joseph McCarthy.
  • Robert J. Stevens (b.
 as a director and Chief Executive Officer and Mr. Lindsay Smith as a non-executive director A non-executive director (NED, also NXD) or outside director is a member of the board of directors of a company who does not form part of the executive management team. He or she is not an employee of the company or affiliated with it in any other way. .

Dematco is a UK company incorporated in England and Wales England and Wales are both constituent countries of the United Kingdom, that together share a single legal system: English law. Legislatively, England and Wales are treated as a single unit (see State (law)) for the conflict of laws.  and it has operations in the UK and Switzerland. It is engaged in dematerializing or converting financial instruments from paper form to electronic form so as to enable such instruments to be traded electronically on exchanges or exchange platforms on a peer to peer basis. It is currently engaged in a significant transaction to convert insurance products into electronic form for Admiral Asset Group, Inc. that is involved in the trading of such insurance products.

Prior to resigning as AMTN's president, Mr. Buddy Young Claude "Buddy" Young (January 5, 1926 to October 19, 1983) was a football player. A native of Chicago, the 5'5" Claude "Buddy" Young also known as the "Bronze Bullet," had exceptional quickness and acceleration.  stated: "When we first acquired a minority position early this year and entered into the option agreement with their shareholders, we recognized Dematco's potential for rapid revenue growth. During these past months we have been delighted at the substantial progress made by them. I welcome the new shareholders in AMTN and the new directors to the board and wish them well for the future. AMTN will continue to be based in Encino, and I shall remain a consultant to the Company helping to ensure the integration of Dematco's business into AMTN as it grows and prospers."

This news release contains forward-looking statements within the meaning of the Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.

When a person begins a civil lawsuit, the person enters into a process called litigation.
 Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the failure to meet schedule, or performance requirements of the Company's contracts the Company's liquidity position; the Company's ability to obtain new contracts, and the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties the forward-looking events referred to in this release might not occur.

Advanced Media Training, Inc.

17337 Ventura Blvd.

Encino, CA 91316
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 11, 2006
Words:438
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