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On The Go's Newest VAR Division Island Corp's Sales on Track To Be Their Best Ever Thursday January 26, 7:30 am ET
CONCORD, Ontario, Jan. 26 /PRNewswire-FirstCall/ -- On The Go Technologies Group (OTC: OGHC - News; '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 early sales booked by their latest acquisition, North American medical imaging and scientific research market VAR Island Corporation, strongly indicate that they are on track to book their highest yearly revenues ever. Island has booked over $320,000 in orders in the past 2 week period since joining On The Go, establishing an annualized pace that exceeds that of any past year in their history. Over $220,000 of that $320,000 in sales will be shipped prior to the end of, and will be accounted in, On The Go's January 31, 2006 quarterly close.
On The Go has launched itself into a very lucrative sector with their foray into the digital medical market. With predictions that healthcare providers are set to increase their technology related spending to as much as $39.5 Billion by 2008 (Datamonitor, 2005) primarily on administrative, medical and scientific databases and medical imaging systems, Island Corporation, coupled with the established corporate expertise and reach of On The Go's collective divisions, is primed to continue on its record revenue setting path in the quarters to come.
"It's wonderful, and so encouraging, to see our newest team members not only make a smooth and efficient transition into our offices, but also to see them producing sales that are on target to exceed their best year ever," Stuart Turk, On The Go President and CEO remarked. "Their early contribution will most certainly make for strong Q2 numbers for On The Go."
About On The Go Technologies Group
On The Go Technologies Group is a leading, North American corporation focused on acquiring versatile and profitable companies in the IT sector. By way of its five divisions to date: Value Added Resellers Compuquest and Infinity Technologies, both catering to Fortune 1000 clientele and vendors like HP, Apple, IBM, Extreme Networks and Adobe; Helios|Oceana, a prominent systems integrator in the US and Canadian entertainment and education industries; Island Corporation, compiling sophisticated digital solutions and networks for the medical community; and Go Motion and Design, the Company's complete in-house multimedia studio, On The Go has established itself as a respected industry competitor. The Company's intention is to maintain sustained growth in the years to come via both continued development in their existing divisions and an aggressive acquisition schedule.
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 the B2B environment; continued ability to obtain hardware, software and peripherals at competitive costs; the Company's ability to finance its planned expansion efforts; the Company's ability to manage its planned growth; 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.
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