SOURCE: Amazing Technologies Corp.

March 16, 2005 16:19 ET

Amazing Technologies Corp. (AZTN) Announces the Completion of Its First Acquisition and Two New Letters of Intent

NEWPORT BEACH, CA -- (MARKET WIRE) -- March 16, 2005 -- Amazing Technologies Corp. (OTC: AZTN) is pleased to announce that the company has formally completed the acquisition of core technology to be integrated into the Amazing On-Demand software platform. The sophisticated software is the result of a $7,000,000 (US) multi-year development program and is now ready for client customization.

J. Bradley Hall, CEO of Amazing, commented, "This is the first in a series of IP and professional services company acquisitions we will be announcing in the near term and will serve as a notice to the marketplace that a technology platform for transforming small and medium-sized companies into Real-Time Enterprises is now available."

Tom Siebel, CEO of Siebel Systems, the fastest new company to reach $1 billion in sales, has noted, "The holy grail in enterprise software is the cross-platform, cross-silo monitoring of company results, in real time. Whichever company solves this problem will be the Cisco of software."

Cisco is clearly the model for building a market leader almost exclusively through acquisitions and to that end Amazing has executed definitive Letters of Intent to acquire Botzam Technologies of Woburn, Mass. (www.botzam.com) and Versifi Technologies of Aliso Viejo, CA (www.versifi.com).

Hall concluded "We are executing an ambitious plan to ramp to $100 million in revenue over the next 24-36 months. These two companies represent strategic building blocks in our overall blueprint and we're just getting started!"

Amazing Technologies Corp. is start up company that aims to be the leading supplier and integrator of Real Time Solutions or Web Based Services that can be dynamically identified, located, accessed, compiled and assembled in pre-specified configurations. The company has been launched to roll-up orphaned software and service providers that help transform organizations into real-time enterprises that are connected, integrated and always on.

Amazing is a trademark of Amazing Technologies Corp. and may be registered in certain jurisdictions. All of the statements, expectations and assumptions contained in the foregoing are "forward-looking statements" that involve a number of risks and uncertainties. Actual results may differ materially from those projected or implied in any forward-looking statements.

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