Diversified Technologies Group, Inc. Announces Expansion Into Mexico.Business Editors DALLAS--(BUSINESS WIRE)--Sept. 6, 2000 Diversified Technologies Group, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: DTGI) announced today that it has started the process to create a majority-owned subsidiary majority-owned subsidiary A firm in which more than 50% of outstanding voting stock is owned by the parent company. in Mexico. Diversified Technologies Group of Mexico (DTGIMX) will be based in the state of Quintana Roo in the Mayan Riviera region along the Caribbean Coast that includes Cancun, Playa del Carmen Playa del Carmen is a city on the coast of the Caribbean Sea in the north east of the state of Quintana Roo, Mexico, located at 20.62° North, 87.07° West. The city is the seat of the Solidaridad municipality. and Tulum. This region of Mexico has enjoyed explosive growth over the last 5 years and plays host to over 4 million visitors on an annual basis. Recently, the economic growth committee in the region released its preliminary plan to build 3 new cities in the region, 2 train routes and an additional major highway to service the region. DTGIMX plans on focusing on Internet related opportunities including prepaid Internet access, wireless Internet access and E-Commerce platform hosting. "We have chosen Mexico as our first stop in the global expansion of our business," said John Harris, President 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 Diversified Technologies Group, Inc. "With the pending deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. of telecommunications and the favorable business climate, DTGI is intent on capitalizing on the outstanding revenue opportunities of this dynamic marketplace." About Diversified Technologies Group, Inc.: For more information on DTG DTG Date-Time Group DTG Digital Television Group (UK trade association) DTG Distance To Go DTG Days To Go DTG Digital Transmission Group DTG Direct Trunk Group DTG Digital Trunk Group DTG Dance Theatre of the Gospel , Inc., visit http://www.dtgiglobal.com. This news release includes forward-looking statements related to Diversified Technologies Group, Inc. that involve risks and uncertainties, including, but not limited to, quarterly fluctuations in results, the management of growth, market acceptance of certain products and other risks. These forward-looking statements are made in reliance on the "safe-harbor" provisions of 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. For further information about these factors that could affect Diversified Technologies Group, Inc.'s future results, see the company's filings with the Securities and Exchange Commission (the "Commission"). Prospective investors are cautioned that forward-looking statements are not guarantees of future performance. Actual results may differ materially from management expectations. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion