SOURCE: Amazing Technologies Corp.

August 23, 2005 08:30 ET

Amazing Technologies Corp. (AZTN) Announces Agreement to Acquire Leading California-Based Software Integrator

Another Step Toward Becoming a leader in the Enterprise Resource Planning Services Space

NEWPORT BEACH, CA -- (MARKET WIRE) -- August 23, 2005 -- Amazing Technologies Corp. (OTC: AZTN) an early-stage public company that acquires, supplies, and integrates Real Time solutions and Web-based services announced it has executed a Letter of Intent to acquire all the outstanding shares of a California-based leader in emerging and leading enterprise solutions.

J. Bradley Hall, CEO of Amazing Technologies, said, "This leading provider of enterprise solutions offers expertise and a knowledge base that complements our dynamic business model. This acquisition represents the first in a series that will enhance our presence in the North American market, and is our third acquisition in the last six months."

Simon Arkell, President of Amazing Technologies, added, "This agreement highlights our commitment to establishing our company as a leader with strong international market presence and solid revenue. We are confident the integration will be seamless, and that Amazing will meet its goal of $100 million in revenue and $44 million in EBIDTA in the next 24-36 months."

With over seven years in business and hundreds of customers, the California-based company provides complete solutions to solving business problems. The company provides value that encompasses all areas of the supply chain, from customer acquisition through product delivery. In addition, its strong industry and technical experts offer rapid, cost-effective implementations of applications software, and integration and internet services.

Amazing Technologies has announced the formal completion of additional acquisitions in recent months including two core technologies to be integrated into the Amazing Real Time Enterprise (RTE) software platform and a leading Australian based software integrator that is being positioned as a platform for expansion throughout Asia Pacific.

About Amazing Technologies:

Founded in 2004, Amazing Technologies Corp. aims to be a leading supplier and integrator of real-time solutions and web services that can be dynamically identified, located, accessed, compiled and assembled in pre-specified configurations. The company has been launched to strategically acquire software and service providers that help transform organizations into real-time enterprises that are connected, integrated and always on. Amazing's target customers include small and mid-sized corporations that require automation, Web enablement, ecommerce, and mobility and security solutions utilizing Java and .NET "Web services" for rapid integration with external information.

"Amazing" is a trademark of Amazing Technologies Corp. and may be registered in certain jurisdictions. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. 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.

Contact Information

  • Contact:

    J. Bradley Hall
    Amazing Technologies Corporation
    Email Contact
    Telephone: (949) 706-7845, ext. 11

    Michael J. Porter
    Porter, LeVay & Rose, Inc.
    Telephone: (212) 564-4700