SOURCE: AEC Holdings Corp.

April 17, 2007 09:45 ET

AEC Holdings Corp. Announces the Signing of a Strategic Joint Venture With the Largest Provider of Data Storage Technology in Ecuador, South America

MIAMI, FL -- (MARKET WIRE) -- April 17, 2007 -- Diego Gomez, AEC Holdings, Corp.'s (PINKSHEETS: AECH) CEO, announced today a significant move into the South American market by signing a joint venture agreement with Sistemas Ecuasistemas S.A. of Ecuador. Ecuasistemas is the largest provider of data storage and mining in Ecuador, South America. Mr. Gomez stated, "This partnership opens the market for us in South America and further strengthens our bid into the high-tech market in Ecuador. We have been working with local companies to provide complete technological solutions to the private and public sectors in South America, and Ecuador is a great entry point." Ecuador is located between Colombia and Peru and is the only country in South America that uses the U.S. Dollar as its official and sole monetary unit.

AEC Holdings Corp., through its wholly owned subsidiaries and strategic partnerships, is involved in the access control and identity theft management controls industry through Biometric Identification.

In addition, AEC Holdings, Inc. is involved in providing technology business solutions to its customers through its wholly owned subsidiary, Phoenix Conexxion, which provides Data Mining and Analysis, Data Storage, Data Distribution Services, Customized Business Solutions Software Development, Security Testing Technologies, and Homeland Security Technologies.

Safe Harbor

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding of discussion, the words "pleased," "plan," "confident that," "believe," "expect," or "intent to" and similar conditional expressions are intended to identity forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks in the company's SEC reports and filings.

Contact Information

  • For more information, please contact:
    Jaime S. Gomez
    VP Business Development
    305 921 9505
    Jonathan Farber
    646 345 9546