SOURCE: Amazing Technologies Corp.

April 18, 2007 12:41 ET

Amazing Global Technologies Ltd. on Track to Exceed $100 Million in Revenue in 2007, Completes a Share Exchange and Expands the Management Team With a New; Chief Operating Officer, Managing

Director, Amazing Europe and Financial Director, Amazing Latin America

LONDON -- (MARKET WIRE) -- April 18, 2007 -- Amazing Global Technologies Ltd., one of Oracle's largest and fastest growing IT Services and Consulting partners, announced today that it has completed a previously announced share exchange with shareholders of Amazing Technologies Corp. (PINKSHEETS: AZTN) and added significant depth to its Global Executive ranks.

J. Bradley Hall, CEO of Amazing Global Technologies Ltd., said, "It has been almost 2 years to the day since we opened for business at Amazing. In April 2005, we began articulating goals that included accelerating to $100 million in sales within 24-36 months and I am excited to report that we are in a position to achieve our lofty targets ahead of schedule. This high octane growth has created an opportunity to add to our experienced management team, who now work closely with thousands of our Amazing employees, consultants and customers."

Simon Arkell, President of Amazing who is a former two-time Olympian and Commonwealth Gold Medal winner, commented, "Effective April 1st, Peter Warringer has been promoted to the role of Chief Operating Officer, with bottom-line responsibility for integration of our acquisitions and day-to-day operations of Amazing in over 20 countries. Peter is able to draw upon his vast experience that includes a number of 'C' level assignments with venture-backed software companies as well as, six years at Sybase where he was responsible for the worldwide operations and technology infrastructure of the company's $50 million customer education business."

Mr. Warringer observed, "Even with my background in the Swedish Military Special Forces, global mandates with fast growing software companies and my passion for sailboat racing, I have never encountered a team of guys so obsessed with competing and succeeding. It is an intoxicating environment to operate in and I consider myself lucky to be able to contribute to our continued success."

Mr. Hall added, "From the time Amazing was launched, we have attempted to distill the risk in our business down to one thing, execution. That being said, a strong, experienced team is a critical component of our success and adding an executive with the pedigree of Marcelo Di Rosa, who has accepted the position of Managing Director, Amazing Europe speaks for itself. Marcelo, who will be based at our facilities in Milan, has had ongoing success as an entrepreneur with companies like JD Edwards, Siebel Systems and more recently Atlantic Technologies, which was recently acquired by Amazing."

Mr. Di Rosa commented, "I remember first meeting Brad a little over a year ago when we enjoyed some wine and he shared his vision for providing global customers of JD Edwards / Seibel / Oracle with a single touch point through Amazing. At the time, he only had an office in California and an outpost in Australia, so I have to admit I was a bit skeptical. Here we are today with operations in something like 20 countries and a number of new acquisitions pending that will see us add a direct presence in the UK, France, Belgium, Germany, Switzerland as well as here in Italy. Now, when we meet somewhere in the world to enjoy some wine and discuss where the company will be a year from now, I can tell you it is really going to be something Amazing and I'm excited to be a part of it."

In addition, Mr. Hall added, "It is with great excitement that I am announcing that Dario Hernandez has accepted a position as Finance Director, Amazing Latin America, reporting directly to Peter Griffith Jones, our London-based Chief Financial Officer. Dario who will be based at our facilities in Bogotá offers strict oversight and controls that are already generating positive results across our operations in Latin America and we consider ourselves fortunate to be able to add his insight and reporting discipline to our team."

Mr. Hernandez observed, "We have successfully invested time and energy into implementing financial controls and standards across our operations in Chile, Colombia and Venezuela and I look forward to the challenge of integrating financial operations in Argentina and Brazil next. It is fulfilling for me to be a part of an Amazing team that has the resources to continue to be a true global player but still maintains the discipline of a smaller operation that is fixated on controlling expenses. This results in efficient operations and savings that can be passed on to our customers."

Mr. Arkell concluded, "I'm also pleased to announce that Amazing Global Technologies Ltd. has successfully completed our share exchange with Amazing Technologies Corp. shareholders and as a result, we have no affiliation with the pink sheets listed company that trades under the symbol AZTN. Amazing Global Technologies Ltd. which recently raised $31.5 million from hedge funds in London, is now in a position to proceed with our goal of completing an AIM-based IPO in the near term."

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About Amazing Global Technologies Ltd.:

Amazing Global Technologies Ltd. is one of Oracle's largest and fastest growing IT Services and Consulting partners. The company has thousands of consultants, employees and customers in over 20 countries including; Argentina, Australia, Azerbaijan, Belgium, Brazil, Canada, Chile, Colombia, France, Germany, Italy, Kazakhstan, Latvia, Mexico, New Zealand, Peru, Russia, UK, Ukraine, USA and Venezuela.

"Amazing" is a trademark of Amazing Global Technologies Ltd. and may be registered in certain jurisdictions. This release contains "forward-looking statements." Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes" or statements indicating certain actions "may," "could" or "might" occur.


Oracle, JD Edwards, PeopleSoft, and Siebel are registered trademarks of Oracle Corporation and/or its affiliates.

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