Omnitech Consultant Group inc.
TSX VENTURE : GCO

Omnitech Consultant Group inc.

June 30, 2005 12:32 ET

6th Acquisition for GCO: Omnitech Consultant Group Inc. Acquires Winpunch and Micro-Solution

QUEBEC CITY, QUEBEC--(CCNMatthews - June 30, 2005) - Omnitech Consultant Group Inc. ("GCO") (TSX VENTURE:GCO) announced that it has signed an offer to purchase in order to acquire all of the issued and outstanding shares of 9041-9326 Quebec Inc., which operates under the business name Winpunch Informatique (Winpunch) and 9031-9344 Quebec inc. which operates under the business name Micro-Solution (Micro-Solution). Denis Rioux, is the sole shareholder and the administrator of Winpunch, and co-shareholder with Nathalie Frechette in Micro-Solution. Both offers were accepted on April, 30, 2005. These offers to purchase are conditional on the approval of the appropriate regulatory authorities.

With the acquisition of Winpunch and Micro-Solution, GCO completes its product line, adding a company that offers software to compile data entry and perform employee production-time calculations according to the client's specific operating rules.

Interim unaudited Winpunch financial statements for the nine months ended March 31st 2005 show revenues of $105,820 a net profit of $39,447.

Unaudited Micro-Solution financial statements for the fiscal year ended February 28th, 2005 show revenues of $252,117 a net profit of $105,298

Under the terms of the offer to purchase, the offer price is $450,001 payable as follows: $200,001 in cash payable at the closing of the transaction, and the issuing of 150,000 common shares of GCO at a price of $1.67 per share for a value of $250,000.

"This acquisition will greatly enhance our line of production-time management business solutions among our manufacturing clientele," said Claude Belley, President and Chief Executive Officer of GCO. "We can now boast a team of quality developers and a seasoned sales network," said Denis Rioux, President of Winpunch and Micro-Solution.

About Winpunch and Micro-Solution

Winpunch leverages its experience and its numerous achievements in customized application development, integration of technologies, technical assistance and high-level equipment installation to offer its clients production-time management solutions. Winpunch has six programmers, two analysts and a training instructor to ensure an expert response to the ever-growing needs of its discerning clientele.

About Omnitech Consultant Group Inc. ("GCO")

GCO operates in the engineering, information technology and systems maintenance sectors. GCO is capable of intervening in all aspects of industrial engineering and information technology (IT), thus combining a major and distinctive niche in comparison with the competition. GCO integrates new technologies or optimizes existing systems by applying cutting-edge expertise currently used in the best practices.

The TSX Venture Exchange assumes no responsibility with regard to the relevance or accuracy of this press release.

Contact Information

  • Omnitech Consultant Group Inc.
    Claude Belley
    President
    (418) 626-9090
    or
    Omnitech Consultant Group Inc.
    Philippe R. Bertrand
    Vice President, Communications
    (418) 626-9090
    philippe_bertrand@gco.ca