SOURCE: United Consortium

March 18, 2008 15:20 ET

VTEC INC. Announces Name Change to United Consortium

Also Announces New Ticker Symbol -- UCSR.PK

DELRAY BEACH, FL--(Marketwire - March 18, 2008) - VTEC INC. (PINKSHEETS: UCSR), formerly (PINKSHEETS: VTEC), a market innovator in enabling internet and retail enterprise, today announced receiving notification from the Secretary of State of Nevada that the name change to United Consortium, Inc. has been accepted. The Company has received notice that effective March 10, 2008 its shares have been trading under a new CUSIP number and the new ticker symbol is UCSR.pk.

"The name change reflects the Company's notable advances toward the business plan objectives of rapidly building its revenue base along with a focus on profitability," said Gonzalo Lage, Director of VTEC INC. "Recent changes in sales channel strategy and the profitability of pending business and potential acquisitions are going to accelerate our overall profitability schedule. We encourage shareholders to contact their brokers and request a confirmation that VTEC certificates have been replaced with United Consortium certificates once the ticker symbol change has been affected by the proper regulatory bodies."

The corporate name change is part of an overall plan to convey the Company's expanding business in various market sectors. United Consortium, Inc. sells emerging consumer goods, most notably, communication technology solutions and services. United Consortium will focus a tremendous amount of its effort into operations targeting international markets. The Company name change better reflects our offering of a much broader product range into these new markets.

To contact United Consortium regarding distribution opportunities for your products, please email us at info@unitedconsortium.net.

ABOUT UNITED CONSORTIUM, INC.

United Consortium, Incorporated ("UC") is an international distributor of consumer goods whose core categories include: electronics, software, peripherals, convergence equipment and enterprise integration services directed towards Retailers, Resellers, Solution Providers and Systems Integrators in the Americas region. More corporate information is available by visiting www.unitedconsortium.net.

Legal Notice Regarding Statements Including Those That Are Forward Looking.

The statements in this press release regarding real or implied expectations with regard to the future impact on the company's results from acquisitions or developed properties are forward-looking statements and are within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in the above document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although every effort has been made not to include statements that involve risk and uncertainties that may be the case and such statements are subject to change at any time. There are no anticipated results detailed in the above statements, however, actual results may differ materially from expected or implied results.

Contact Information

  • Investor Relations:

    United Consortium, Inc.
    954-642-8806
    Email Contact