SOURCE: CTX Virtual Technologies, Inc.

CTX Virtual Technologies, Inc.

April 20, 2010 08:55 ET

CTX Virtual Technologies, Inc. Changes Trading Symbol to CTXV and Changes Corporate Name

Retains Strategic Growth International as Its Global Investor Relations Advisor

BOCA RATON, FL--(Marketwire - April 20, 2010) -  CTX Virtual Technologies, Inc. ("CTXV" or the "Company") (PINKSHEETS: CTXV), announced today that it changed its name from Petroleum Consolidators of America to CTX Virtual Technologies, Inc. and its symbol from PCAI to CTXV. 

The Company has also announced the retention of Strategic Growth International, Inc. ("SGI"), as its investor relations consultant. SGI specializes in creating interest in undiscovered public companies worldwide and will assist CTX Virtual Technologies, Inc. in establishing worldwide exposure and relationships particularly with institutional investors.

The Company expects to begin the necessary audits and other requirements for the application to the OTC Bulletin Board or other senior exchange.

Founded in 1989, SGI is headed by Stanley Altschuler and Richard Cooper, two highly respected Wall Street veterans, who have assembled an experienced team of financial professionals that specialize in assisting emerging companies to create worldwide interest in the financial markets. Since its inception in 1989, Strategic Growth has achieved an unparalleled level of excellence and success, particularly with companies like CTX Virtual Technologies, who are leaders in advanced communications technologies.

Clifford M. Rhee, Chief Executive Officer of CTX Virtual Technologies, stated, "CTX has made significant progress in creating a suite of revolutionary technologies for more flexibility in imputing data in wireless devices, through its 'first of a kind' imbedded technologies. We are excited to be working with Strategic Growth International, Inc., who has great success with other pioneering technology companies like CTX. SGI's assistance will be invaluable in introducing CTX to institutional investors and generating market coverage."

"Strategic Growth is proud to be representing advanced technology companies like CTX Virtual Technologies, Inc. that has already established itself in the world's largest markets for communication devices in the U.S. and China," stated President Stan Altschuler of SGI.

About CTX Virtual Technologies, Inc. - CTX Virtual Technologies, Inc. is a leader in mobile data input and technologies company with its principal U.S. office in Boca Raton, Florida, and facilities in the U.S., China, Canada and Korea. For more information about CTX, please visit the Company's new web site at www.ctxtechnologies.com, which contains complete demonstration videos regarding its unique products.

Forward-Looking Statements - The statements made in this release that are not historical facts contain forward-looking information that involves risks and uncertainties. All statements, other than statements of historical facts, which address CTX or Petroleum Consolidators' expectations, should be considered as forward-looking statements. Such statements are based on knowledge of the environment in which CTX and/or Petroleum Consolidators' currently operates, but because of the factors herein listed, as well as other factors beyond its control, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that may cause actual results to differ from anticipated results include, but are not limited to, integrating the operations of the new company, uncertainties related to any future acquisitions, regulatory requirements applicable to public companies, and other uncertainties.

Contact Information

  • For further information, contact:
    Clifford Rhee
    CTX Virtual Technologies, Inc.
    Tel: (561) 962-2835
    www.ctxtechnologies.com

    Investor Contact:
    Stan Altschuler/Richard Cooper
    Strategic Growth International, Inc.
    212-838-1444
    www.sgi-ir.com