posted
On The Go's February Sales Revenue Hits Record High of $3.5M
By PR Newswire Last Update: 3/6/2006 7:30:35 AM Data provided by
CONCORD, Ontario, March 6, 2006 /PRNewswire-FirstCall via COMTEX/ -- On The Go Technologies Group (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 corporate sales and service revenue for the month of February hit an all time Company high of $3.5 Million. The increase in revenues is due in large part to the four acquisitions added to the corporate fold this past year: Helios/Oceana, Infinity Technologies, Island Corporation and Solutions In Computing, as well as organic and synergistic growth.
The last 12 month period has represented a steady climb in On The Go's revenue stream and Management's determination to grow the business to one of the top solution providers in North America. Management and the Board of Directors believes that the true value of the Company will be in its strong fundamentals, increasing tier one vendors and customer base, and a constant eye on smart corporate spending and bottom line profitability.
All of the acquisitions this year are respected leaders and innovative product and solutions providers in each of their target industries - digital entertainment, publishing, education, healthcare, scientific research and numerous Fortune 500 and large North American corporations -, and have integrated seamlessly under one roof, making On The Go a growing force in the Value Added Reseller community. The Company's intention is to continue growing substantially in the years to come via organic growth as well as by a well- researched and aggressive acquisition schedule.
On The Go continues its commitment to move from the OTCBB to the NASDAQ SmallCap. Management believes it has now achieved 6 of the 8 prerequisites necessary to apply for a listing, and will strive to see the last two requirements through to fruition. The ability to fundamentally appeal to the large audience of retail and institutional brokers, fund managers, research analysts and individual investors in the community that follow such listed companies is vastly important. It would be a tremendous achievement not only for the Company's hard work, but also for the many shareholders who have faithfully followed On The Go's progress since the 2000 launch.
"I am delighted with our record revenues and continued increase in sales performance," commented On The Go CEO Stuart Turk. "It's a great testament to our commitment to grow, both in terms of further divisional purchases and profitability in the quarters to come. The remainder of 2006 holds much promise for that sustained upward momentum. It's certainly been the best calendar year to date, and the path has been set for even stronger growth into 2007."
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. These forward-looking statements contains words such as "expects," "believes," "anticipates," and "intends." 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.
SOURCE On The Go Technologies Group
-------------------- Investment Is Important, but Knowing where to make an Investment in your life makes all Difference Posts: 280 | Registered: Jan 2006
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
