SOURCE: Amazing Technologies Corp.

October 27, 2005 13:56 ET

Amazing Technologies Corp. (AZTN) Announces Expansion Goals to Include Beijing, Singapore, Ireland and London

NEWPORT BEACH, CA -- (MARKET WIRE) -- October 27, 2005 -- Amazing Technologies Corp. (OTC: AZTN), an early stage public company that acquires, supplies and integrates Real-Time Solutions for the SMB market, is pleased to announce that the company has begun to formalize plans for expansion into Europe and throughout Asia.

J. Bradley Hall, CEO of Amazing, said: "The Company is continuing with its goal of deploying an aggressive acquisition program and we are leveraging the resources of our fantastic Australian team in our expansion throughout the entire Asia Pacific region. Amazing Technologies Australia is on track to double their sales this year which is providing a significant validation of our business model and a platform for expansion."

Simon Arkell, President of Amazing noted, "We have been working diligently to evaluate a number of strategic software and distribution acquisition targets representing close to $500 million in annual revenue. We plan to bring new software solutions directly into the captive customer base of the distributors. This strategy resonates with potential partners and more importantly, customers. Many of these opportunities are in the European Union and our goal is to establish a direct presence there shortly."

"We have recently been introducing our business model and opportunity to the investment community who now understand the implications of the dramatic margin expansion exercise that will follow the combination of promising software solutions with established distribution. We are continuing to execute with a goal of ramping to $100 million in acquisition and organic revenue growth and $44 million in EBITDA over the next 24-36 months and these initiatives represent solid steps in that direction," added Hall.

Founded in 2004, Amazing Technologies Corp. is a fast growing early stage public 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 strategically acquire software and service providers that help transform mid market organizations into real-time enterprises that are connected, integrated and always on. Target customers include small and mid sized corporations that require automation, web enablement, e-commerce, mobility and security solutions utilizing JAVA and .NET 'web services' for rapid integration with internal and external stakeholders.

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, 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:

    For further information please contact:
    Amazing Technologies Corp:

    J. Bradley Hall
    Chief Executive Officer
    949 706 7845 x11
    Email Contact
    http://www.amazingca.com

    Investor relations:

    Marlon Nurse
    Vice President
    Porter, LeVay & Rose, Inc.
    7 Penn Plaza
    New York, NY 10001
    212-564-4700