ComTech Consolidation Group Inc. Announces Entry Into Explosive Internet Sector; Company Will Redirect Its Efforts to Focus On Technology and the Internet.Business Editors HOUSTON--(BUSINESS WIRE)--March 17, 2000 ComTech Consolidation Group Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CCGI CCGI Coventree Consulting Group International ) today announced that the Board of Directors have agreed to change the business direction of the company. Effective immediately ComTech will focus primarily on growing and acquiring Internet and technology related companies. The company will increase its efforts to develop and expand the current operations of Networks Online and Enhanced Internet Service Providers as well as aggressively seek to acquire other Internet related properties. The company is currently in talks to acquire a number of Internet related companies and Web sites. ComTech Chairman and Chief Executive Officer Walter Davis commented, "We have made the decision to increase our focus on ComTech's Internet operations after carefully considering all available options. We will continue to roll out Broadband services in the Houston area through Networks Online in conjunction with ASDL See DSL. ASDL - Abstract-Type and Scheme-Definition Language partner Southwestern Bell (NYSE NYSE See: New York Stock Exchange :DSW DSW - penis war ), and will seek to increase our marketing efforts. Networks Online currently has several valuable industry partners, including Gric Communications (NNMS:GRIC) to provide expanded dial-up services globally for all Networks Online customers and CMG CMG Coastal & Marine Geology (USGS) CMG Chipotle Mexican Grill, Inc. (stock symbol) CMG Companion (of the Order Of) St Michael and St George CMG Computer Measurement Group Internet Group (NNMS:CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) ) subsidiary myway.com to provide expanded content to all NOL NOL - Never Offline customers." Davis continued, "We also plan to expand our Web development, video conferencing and e-commerce capabilities as we acquire additional Web sites for future development. We are currently in negotiations with several Internet related companies and hope to consummate our first technology acquisition shortly." About ComTech Consolidation Group Inc. ComTech Consolidation Group Inc. is a Houston based holding company whose primary focus is to acquire and develop Internet and technology related companies. ComTech trades on the Over the Counter Bulletin Board under the ticker symbol CCGI and is a fully reporting company. The company currently owns two technology related companies, Enhanced Internet Service Providers and Networks Online both located in Houston and has health care operations in Louisiana and Texas. The companies' Web sites are www.ccg.net, www.nol.net and ComTech SEC filings can be found at www.freeedgar.com Statements regarding financial matters in this press release other than historical facts are "forward looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in 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 company intends that such statements about the company's future expectations including future revenues and earnings, and all other forward looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results. |
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