SOURCE: ATWEC Technologies, Inc.

August 23, 2006 09:45 ET

/ CORRECTION - ATWEC Technologies

MEMPHIS, TN -- (MARKET WIRE) -- August 23, 2006 -- In the news release "ATWEC Technologies Forecast Sales Increase for FY 2007," issued Tuesday, August 22, 2006, by ATWEC Technologies (PINKSHEETS: ATWT), we are advised by the company that the headline should read "ATWEC Technologies Forecast Sales Increase for FY 2006" rather than "ATWEC Technologies Forecast Sales Increase for FY 2007"; the first sentence of the first paragraph should contain "FY 2006" rather than "FY 2007"; the second sentence of the first paragraph should contain "FY 05" rather than "FY 06"; the third sentence of the first paragraph should contain "FY 06" rather than "FY 07"; and the third paragraph should also contain "FY 06" rather than "FY 07," as originally issued. Complete corrected text follows.

ATWEC Technologies Forecast Sales Increase for FY 2006

Company Updates Web Site for West Bend Mutual Policyholders

MEMPHIS, TN -- August 22, 2006 -- ATWEC Technologies (PINKSHEETS: ATWT) announced today that it expects to rapidly ramp up sales for its FY 2006 beginning September 01, 2006. This will continue the acceleration of orders as the company sold and installed upwards of 400 units in 2005 over 2004, an increase in sales by 300% in FY 05. The forecasted sales increase for FY 06 is mostly due to anticipated orders from customers such as the West Bend Mutual Insurance Company policy holders, the Hillbourgh School District, the Louisiana Headstart Group, and the Shelby County Headstart Group.

ATWEC has just finished updating its web site for the West Bend policyholders. At the site, they can log in to find a distributor and when they supply a valid customer number, they can print a discount coupon for KiddieSystems products in addition to any policy discount offered by their insurance carrier. West Bend services about 14% of the national market and ATWEC accepts the challenge of capturing this business with the endorsement of such a respected partner.

"ATWEC's marketing efforts are on track to accomplish its goal for FY 06 and our underlying mission of ensuring our children's safety looks as bright as ever," said CEO Alex T. Wiley.

For more information on ATWEC Technologies, visit the company's web site:

NOTE: Certain statements made in this press release are company-based projections within the scope of the Private Securities Act of 1995. Such statements involve known and unknown risks. Uncertainties and other mitigating factors may influence desired outcomes. Such risks, uncertainties and/or other mitigating factors include but are not limited to new economic conditions, risks associated in product development, market acceptance of new products and continuing product demand, level of competition and other factors both known and unknown as described within this Company's reports and other filings with appropriate regulatory agencies.

Contact Information

  • Investor Relations:
    CRG Capital Investments
    (305) 244 8427
    (888) 890-1KID (1543)