SOURCE: Amazing Technologies Corp.

November 13, 2006 09:55 ET

Amazing Technologies Corp. Completes a Definitive Agreement to Acquire Atlantic Technologies Spa, a Leading JD Edwards IT Services Consultant Based in Italy

LONDON -- (MARKET WIRE) -- November 13, 2006 -- Amazing Technologies Corp. (PINKSHEETS: AZTN) one of Oracle's largest and fastest growing IT Services and Consulting partners focused on the Small- and Medium-Sized Enterprise market, announced today that it has signed a Definitive Agreement to acquire a leading JD Edwards/Siebel Systems IT Services Consultant based in Milan, Italy.

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 European market where we are aggressively negotiating with a number of promising companies."

Marcelo Di Rosa, Founder & CEO of Atlantic Technologies, added, "This agreement allows us to establish our company as a single touch point for prospects and customers who require an established international market presence, as well as Oracle who is our key partner here in Italy. We are extremely excited by our enhanced sales prospects and have a goal of dramatically increasing our profitable multimillion euro revenue rate in 2007."

Simon Arkell, President of Amazing, commented, "This is an exciting development for not only prospects and customers of Oracle in Italy but also those across the entire European Union, as Marcelo has agreed to assume the role of Managing Director for Europe. Under Marcelo's experienced guidance we intend accelerate our 'buy and build' business model to quickly and profitably establish a presence in all the important markets across the EU."

Mr. Hall noted, "This agreement adds an extremely well run, profitable company into the Amazing fold. Smaller, regional resellers will increasingly be marginalized as companies like Amazing consolidate the channel and create a single touch point for prospects, customers and of course Oracle as well. Our impressive growth is slated to continue and as we accelerate towards our goal of completing an IPO on AIM in London in the near future."

About Atlantic:

The company was formed in 1997 with focused practices in ERP, CRM and BI. The company's high standard consulting and deployment skills coupled with its unsurpassed implementation methodology has allow it to serve multinational clients in a variety of industries, such us Artsana, Ducati Motor, Blockbusters, Inda, Ermenegildo Zegna; Zambon Group, Monzino and Pastificcio Rana to name a few. Atlantic has offices in Milan, Padua and Rome.

About Amazing Technologies:

Founded in 2004 and based in Newport beach, CA, Amazing Technologies Corp. is the largest and fastest growing Oracle/JDE SMB partner on the planet. Upon closing, the company will have profitable projected 2007 revenue of over $100 million USD and close to 1000 consultants and employees at multiple locations in 10 countries including; Australia, New Zealand, Venezuela, Columbia, Mexico, USA, Brazil, Peru, Chile and Italy.

"Amazing" is a trademark of Amazing Technologies Corp. 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.

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