SOURCE: VTEC Inc.

September 04, 2007 15:20 ET

VTEC Inc. Finalizes Acquisition of Look It's Me on TV

DELRAY BEACH, FL--(Marketwire - September 4, 2007) - VTEC Inc. (PINKSHEETS: VTEC) has finalized the acquisition of Look It's Me on TV, the distributer, reseller and retailer of photo personalized entertainment and educational products for children of all ages.

Through a distribution agreement with PixFusion, the company has a U.S. and Canadian license with Marvel Entertainment, Inc. for the sale and distribution of an exclusive, photo-personalized DVD featuring any child in "I Am The Amazing Spider-Man"™ -- based on the animated MTV series, a twenty-six minute cartoon adventure. The company also offers four other product lines including the lovable "Care Bears," Nickelodeon's "Dora the Explorer," "Arthur and Friends," and "Baby Geniuses" DVDs. The company is quickly adding new lines of products to round out the assortment offered on the e-commerce site of www.lookcartoons.com

VTEC Inc. is also the parent company of Pizza Holdings, Inc. with www.pizza.net, the World's Largest Pizza Search Engine. Pizza.net was founded in 2003 and facilitates on-line ordering for the delivery or pick-up of fresh pizza and lists pizzerias and restaurants that serve pizza throughout the United States.

Julie Reiser, Chief Executive Officer of VTEC Inc., stated that the finalized acquisition of Look Its Me on TV will strengthen the corporation's Internet business holdings. "VTEC is adding diversity and depth in its business portfolio by taking full advantage of the very profitable market of children's educational DVDs and products. Pizza and kids -- what a great fit!"

ABOUT VTEC INC. (VTEC)

VTEC Inc. was formed to acquire and create unique Internet and Retail enterprises that offer, but are not limited to, the expedited access to entertainment, food, financial services, travel, learning, news and targeted information, as well as innovative, intuitive consumer products through e-commerce. The company's wholly owned subsidiaries currently include: Look Media, Inc., and Pizza Holdings, Inc.

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 VTEC Inc.'s ("the Company") 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. Our operations are subject to risks and uncertainties that may affect the occurrence of events reflected in forward-looking statements. Accordingly, actual results may differ materially from expected or implied results. No information provided in this press release should be construed as a representation, or indication in any form or manner, of the present or future value of the Company or its common stock. The Company disclaims any responsibility to update forward-looking statements made herein.

Contact Information

  • For More Information Contact:
    VTEC Inc.
    Press and Investor Relations
    1-877-244-6972 Ext. 3