AmTec Special Shareholders Meeting to Approve Pending Terremark Merger Scheduled for April 28.Business Editors NEW YORK--(BUSINESS WIRE)--March 23, 2000 AmTec, Inc. (Amex: ATC ATC Air Traffic Control ATC Average Total Cost ATC Certified Athletic Trainer ATC At the Center (Hartford, Maine retreat center) ATC Applied Technology Council ATC All Things Considered ), an international telecommunications and Internet services company, today announced that it has scheduled a special shareholders meeting to approve its pending merger with Terremark Holdings, Inc. and related transactions for April 28, 2000 at 10:00 a.m. in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. at the Waldorf Astoria Hotel. AmTec expects to mail the proxy to shareholders on or about March 27, 2000. AmTec's Board of Directors previously approved the merger with Terremark Holdings, Inc. on November 24, 1999. Terremark is already proceeding with the implementation of its telecommunications/real estate strategy with its recently announced acquisition of Telecom Routing Exchange Developers, Inc. ("T-REX The code name for IBM's z990 mainframe introduced in the spring of 2003. In its maximum configuration, T-Rex quadrupled the memory capacity and tripled the performance of the previous z900 model. T-Rex supports up to 32 processors and 64GB of memory. "), a facilities provider to the telecommunications industry. AmTec, Inc. is an international telecommunications services company that provides voice, data and Internet telephony Another term for IP telephony and VoIP. In the late 1990s, some people made a distinction between Internet Telephony and VoIP: Internet telephony referred to voice over the public Internet, while VoIP referred to voice over private IP networks. services through IP.com, a partnership with Fusion Telecommunications International, and provides IP fax and related services in Asia through IXS (Integrated XSeries Server) An x86-based xSeries server (motherboard and memory) from IBM that plugs into an iSeries or i5 midrange computer. Running Windows or Linux, the IXS shares disk storage, server management, user administration with its iSeries/i5 host. .NET. Terremark Holdings, Inc. is a privately held, full service real estate and development company based in Miami. Terremark's independent subsidiaries specialize in real estate development, property management, brokerage, consulting, financing, construction and condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. and hotel management. Note: Forward-looking statements in this press release are necessarily subject to risks and uncertainties that may affect the accuracy of such statement. Such risks may include any political instability in China, any delays in construction of networks, and market acceptance of and demand for the Company's products. For a discussion of such risks, please refer to the Company's Form 10(K) files with the Securities and Exchange Commission for the fiscal year ending March 31, 1999. The Company undertakes no obligation to update such factors or to publicly announce the results of any revisions to the forward-looking statements contained herein. Investors and security holders of AmTec, Inc. are advised to read the proxy statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. regarding the AmTec and Terremark merger and related transactions referenced in the foregoing information, when it becomes available, because it will contain important information. Such proxy statement will be filed with the Securities and Exchange Commission by AmTec, Inc. Investors and security holders may obtain a free copy of the proxy statement (when available) and other documents filed by AmTec, Inc. at the Securities and Exchange Commission's website http://www.sec.gov The proxy statement and such other documents may also be obtained from AmTec, Inc. by directing such request to; Karin-Joyce Tjon, Corporate Secretary, AmTec, Inc. 599 Lexington Avenue, 44th Floor, 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 , NY 10022, tel.: 212-319-9160. |
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