), subject to a
shareholders' vote, currently scheduled for May 11, 2000, is in the process
of positioning itself as a unique incubator of early-stage Internet and
technology companies. The new business strategy will focus on acquiring,
marketing and funding Internet and technology businesses whose primary
market is business-to-business services or products.
"This acquisition will mark Medtech's initial step in implementing its new
business strategy to acquire and assist young and growing companies realize
their market potential," said Steven N. Bronson, President of Medtech
Diagnostics, Inc. "We are extremely impressed with DelOtto System's Internet
solutions, proprietary products and people, which is why we targeted it to
become the inaugural acquisition for our Company," continued Bronson.
"We are excited about becoming part of this exciting project," said Michael
Park, President of DelOtto Systems, Inc. "We feel Medtech's talents and
resources will leverage our proprietary Internet software to help our
company to realize our potential," continued Park.
About Medtech Diagnostics, Inc.
Medtech Diagnostics, Inc. is an incubator for Internet and technology
companies that have not yet achieved their market potential. Medtech intends
to provide marketing, operational and financial assistance to a variety of
Internet and technology businesses servicing the business-to-business
market. Medtech is based in New York City.
About DelOtto Systems, Inc.
DelOtto Systems, Inc., a private corporation organized under the laws of the
State of Pennsylvania, is a provider of web development technology that
concentrates on assisting small businesses design, develop and maintain web
sites. DelOtto Systems is the owner of Site Manager, which is its
proprietary web site design and maintenance software. DelOtto Systems'
business model is based on reducing the costs associated with building and
maintaining web sites, while allowing companies to control their content
internally. DelOtto Systems is based in Elmira, New York.
2. Simtek- (SRAM) PICKED AT 1.593
Simtek Corporation (OTC Bulletin Board: SRAM), provider of the world's
fastest re-programmable nonvolatile semiconductor memories.
The company posted revenue of approximately $2,500,000 and net income of
almost $300,000 for the first quarter of 2000. This compares to revenue of
less than $1,400,000 and a net loss of approximately $68,000 for the same
period of 1999.
"The strong performance that Simtek showed in the first quarter reflects
the overall strength of the electronics market, as well as the robust demand
for Simtek's family of products," stated Douglas Mitchell, Simtek's
president and CEO. "We have succeeded in producing and marketing parts that
provide unique value to manufacturers during the rapid deployment of their
newest systems. We have been preparing to meet this kind of sales growth
and are now ready to support a very strong new year."
Information on Simtek products can be obtained from its web page: