SOURCE: On the Go Healthcare

July 05, 2005 09:00 ET

On the Go Healthcare Spins Out Baby Product Division for $1 Million

Company to Focus on Information Technology Concerns Inclusive of Infinity Technologies Purchase

CONCORD, ON -- (MARKET WIRE) -- July 5, 2005 -- On the Go Healthcare, Inc. (OTC BB: OGHC) ('the Company'), a leading multi-industry computer hardware, software and peripherals VAR and systems integrator, and corporate multimedia digital service solutions provider, announced today that the Company's Vital Baby division has been spun out into a separate entity, effective July 5, 2005. Inclusive of all baby-related product and manufacturing operations, the new company, named Vital Products, Inc., will compensate On the Go with a combined cash and stock worth $1 million as per an 8K filed July 5, 2005, with the SEC. Vital Products has also moved all business activity from the On the Go headquarters to a new location in the greater Toronto, Canada, area.

Vital Baby's departure allows for newly branded On the Go Technologies Group to focus their efforts on the performance of their IT-focused divisional assets Compuquest, Helios|Oceana and Go Motion & Design. As well, On the Go Technologies Group intends to further explore additions fitting the Company's long-term IT mandate, including the addition and launch of our soon-to-be division, Infinity Technologies. In anticipation of the Infinity corporate transition, we have started construction of new office space to house the additional staff and logistical operation centre.

Michael Levine, Vital Products Inc. CEO and veteran of over 20 years manufacturing and distribution experience, commented, "Vital Product management is in full agreement and very much looking forward to expanding further into the US retail market. We thank On the Go for laying a strong manufacturing and distribution foundation, one which we intend to significantly build upon in the quarters to come."

"This definitive separation will allow us to expand on our corporate potential," stated On the Go Technologies Group CEO Stuart Turk. "We are now free to pursue our growth in the IT sector, whether it be B2B reselling, systems integration, multimedia development or otherwise. The technology market is burgeoning, and we are excited about our growth as we work diligently on closing the Infinity purchase in the next few weeks. As we continue on the road of evaluating other potential sector acquisitions to add to our profitable roster, we wish Vital Products the best and we look forward to their continued growth."

About On the Go Technologies Group

On The Go's Compuquest division is a value-added reseller of computer hardware, software, peripherals, and supplies. Compuquest serves hundreds of clients in the U.S. and Canada, including Fortune 500 corporations, hospitals, government ministries, universities, banking and insurance bodies, and law and accounting firms. Compuquest has won the Consumers' Choice Gold Award for Best Business Computer Dealer for the past nine consecutive years. For more information, visit www.compuquest.com.

Helios|Oceana is a leading system integrator of computer hardware and software with customers in the entertainment, education, print and publishing industries, providing complete and innovative digital imaging solutions packages. h/o is also the integration partner of choice of digital hardware and software technology leaders. They are a preferred digital solutions provider to Apple, IBM, HP and SGI. For more information, visit www.heloc.com.

The Company's multimedia division, Go Motion and Design, offers professional services as corporate video production (inclusive of full production value, voice and scripting), website development, company webcast, web & print ads, television commercials, package design, 3D effects and DVD and CD creation. In addition to in-house communication material formulation, all services will be marketed to public and private companies and, where applicable, will be mass produced for distribution. For more information, visit www.gomotion.ca.

For more information, visit: www.onthegohealthcare.com or www.otcfn.com/oghc

To be added to On the Go's email list for Company news, please visit: www.onthegohealthcare.com/new_site/inv_pkg_form.htm

This press release contains forward-looking statements that involve a number of risks and uncertainties. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, but are not limited to, economic conditions affecting retailers, distributors and manufacturers; continuing success introducing new products; the Company's ability to finance its planned expansion efforts; the Company's ability to manage its planned growth; continued availability of raw materials for the child and health care lines at reasonable costs; continued ability to obtain hardware, software and peripherals at competitive costs; and changes in regulations affecting the Company's business and such other risks disclosed from time to time in the Company's reports filed with the Securities and Exchange Commission. The Company does not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in management's expectations, except as required by law.

Contact Information

  • Company Contact:
    Al Kau
    888-795-3166 (California)
    Email Contact

    Investor Relations Contact:
    Geoffrey Eiten
    OTC Financial Network
    Tel: 781-444-6100 ext. 613
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