SOURCE: AEC Holdings Corp.

April 18, 2007 09:45 ET

AEC Holdings Corporation Announces a Strategic Partnership With Only Control S.A. of Ecuador

MIAMI, FL -- (MARKET WIRE) -- April 18, 2007 --In AEC Holdings Corporation's (PINKSHEETS: AECH) continued bid to enter the South American Market, Diego Gomez, the company's CEO, announced today that it entered into a strategic joint venture agreement with Only Control S.A. of Ecuador. Only Control S.A. is the largest Biometric Identification provider to government agencies in Ecuador, focusing on security entry/exit control systems. Some of their clients include branches of the Military, Dole, Banco de Guayaquil, and Banco Bolivariano, among others. Mr. Gomez stated, "We are very happy with our progress in penetrating the South American market. We believe that Ecuador is the ideal starting point and are forging solid business relationships there that will pay off in the near future. We will continue aligning ourselves with market leaders in this emerging market." 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, Inc., 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
    or
    Jonathan Farber
    646-345-9546