Omnitech Consultant Group inc.

Omnitech Consultant Group inc.

September 26, 2005 14:47 ET

GCO Completes the Acquisition of Groupe ISAC

QUEBEC CITY, QUEBEC--(CCNMatthews - Sept. 26, 2005) - Omnitech Consultant Group Inc. ("GCO") (TSX VENTURE:GCO) is please to announce that it has completed the acquisition of Groupe ISAC Inc. With this acquisition, the company completes its offering as a one-stop-shop in the engineering of organizational performance.

Important facts regarding this acquisition are as follows:

- ISAC enables GCO to become one of the leaders in the field of
automation and control systems integration for various types of
industrial processes on a Canada-wide basis;

GCO expects to realize savings on the order of $200,000 by
reducing several common operating expenses;

- Integration of ISAC is already underway and should be completed
by the end of October, 2005.

GCO has acquired all of the issued shares of ISAC as part of a transaction evaluated at approximately $4.28 million. The purchase price was paid as follows: $2,280,000 in cash, and 2,500,000 common shares of GCO at a price of $0.80 per share for a total value of $2,000,000.

About Omnitech Consultant Group Inc. ("GCO")

GCO operates in the engineering, information technology and systems maintenance sectors. GCO is capable of intervening in all aspects of industrial engineering and information technology (IT), thus combining a major and distinctive niche in comparison with the competition. GCO integrates new technologies or optimizes existing systems by applying cutting-edge expertise currently used in the best practices.

About Groupe ISAC Inc.

Established in 1993, Groupe ISAC Inc. is an engineering firm specializing in the integration of automated systems for process industries, such as pulp and paper, aluminum, wood paneling, sawmills and planing mills, cement plants, chemical products and food products. The company currently employs 45 engineers and technicians who provide project management, design, planning, control and operation interface system programming, pre-production verification, production start-up, process optimization and construction supervision services, among others. The company promote turn-key type projects, and also provides provisioning services as well as the manufacture of control panels in its own assembly workshop. ISAC's client list includes Alcan, Abitibi-Consolidated, Uniboard Canada, Domtar, Weyerhaeuser, Bowater, J. D. Irving, QIT, Tafisa and St-Lawrence Cement.

The TSX Venture Exchange assumes no responsibility with regard to the relevance or accuracy of this press release.

Contact Information

  • Omnitech Consultant Group Inc.
    Claude Belley
    (418) 626-9090
    Omnitech Consultant Group Inc.
    Philippe R. Bertrand
    Vice President, Communications and Public Affairs
    (418) 626-9090
    Paradox Public Relations
    Eric Leboeuf
    (514) 341-0408