Ameriquest Announces New Vice President of Marketing and Sales.

WILLOW GROVE, Pa.--(BUSINESS WIRE)--March 23, 1999--AmeriQuest Technologies, Inc. (OTC BB: AMQT) today announced that Michael D. McCarthy - an extremely successful executive in the computer distribution channel for over 30 years and a proven performer in sales and marketing - joined the firm as Vice-President of Sales and Marketing on February 1, 1999.

For the past two and one half years, Mr. McCarthy served as Vice President of Sales and Marketing for SBM, a Hewlett Packard distributor. In that role, in 26 months, he developed and implemented programs that grew sales revenues from $38 million to $200 million.

For four years prior to SBM, Mr. McCarthy was Director of Value Added Marketing for the Southern Group, Unisys Corporation in Atlanta, Georgia. In that assignment, he and his team grew channel revenues over 25 percent per year.

Mr. McCarthy began his career in 1966 as a salesman with IBM. After a number of years in field sales, Mike spent nearly four years at IBM's General Systems Division Headquarters in Atlanta, Ga. In 1982 Mr. McCarthy became Branch Manager for the National Marketing Division in Atlanta.

For the ten years that he worked in this position Mr. McCarthy and his branch team grew revenues at an average of 26 percent per year. His Branch Office implemented the first IBM Business Partner Program in the country.

Alex Kramer, AmeriQuest's CEO, commented that "We are extremely pleased to have Mike join the AmeriQuest team, his demonstrated leadership and experience will be instrumental in accomplishing our aggressive growth objectives."

AmeriQuest is a "Silent Partner" and technical distributor of computer technology solutions to "value-added" resellers and systems integrators. In addition to distribution of servers, wide area networking, mass storage subsystems, and peripherals, AmeriQuest provides pre and post sales engineering, logistics, financial and marketing services to its customers.

The press release contains forward-looking statements that involve a number of risks and uncertainties.

Among other factors that could cause actual operating results to differ materially are general economic and business conditions, the rate of growth in the computer industry, competitive factors and pricing pressures, changes in product mix, inventory risks due to shifts in market demand, and changes in agreements with manufacturers and master distributors regarding the terms of product sales to the Company.