WorldTeq Signs Government Contractor for MonEcard and Announces Interview by Wallst.net
***
High-Tech Writers / Business Editors ROCKVILLE, Md.--(BUSINESS WIRE)--WTEQ-- WorldTeq Group International Inc. (OTCBB:WTEQ), a full-service solutions provider of Affinity Services including Long Distance, Toll Free services, Hosting services and Financial services, today announced that it has signed ResqSoft, Inc. on with WorldTeq to become a user of the MonEcard for payroll services to its employees. "The MonEcard will not only provide ResqSoft with a significant savings on the costs of delivering payroll, but the company's employees are equally as excited to enjoy the many benefits the card offers them," stated Jeff Lieberman, CEO of WorldTeq. Lieberman goes on to say, "I fully believe we are now entering the progression of continued success as we work the backlog of companies we are in current negotiations with, on our financial services product. This is a very exciting time for WorldTeq as we expect to continually announce many more employers using the MonEcard program." ResqSoft is a custom software developer based out of Vienna, VA. For additional informational on the MonEcard services, please visit www.monecard.com. Jeffrey Lieberman, CEO of WorldTeq, was recently interviewed by Wallst.net. The interview can be heard at www.wallst.net under OTCBB featured interviews on Wednesday January 14th and Thursday January 15th. About WorldTeq Group International WorldTeq Group International offers a wide range of telecommunications, merchandising and financial services with related products via independent agents, associations, sales organizations and affiliate marketing. For more information visit the company's Web Site at http://www.worldteqgroup.com. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by WorldTeq) contains statements that are forward-looking, such as statements relating to consummation of the transaction, anticipated future revenues of the companies and success of current product offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of WorldTeq Group International. KEYWORD: VIRGINIA MARYLAND INDUSTRY KEYWORD: BANKING TELECOMMUNICATIONS SOURCE: WorldTeq Group International Inc. CONTACT INFORMATION: WorldTeq Group International Inc. Jeff Lieberman, 888-263-7776 fax: 413-513-1260
posted
WTEQ - WORLDTEQ GP INTL (OTCBB) Date Open High Low Last Change Volume % Change 01/13/04 0.1750 0.1750 0.1700 0.1700 -0.0050 44650 -2.86%
Composite Indicator Trend Spotter (TM) Buy
Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Buy 20 Day Moving Average vs Price Buy 20 - 50 Day MACD Oscillator Buy 20 Day Bollinger Bands Buy
Short Term Indicators Average: 100% - Buy 20-Day Average Volume - 307995
Medium Term Indicators 40 Day Commodity Channel Index Buy 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Buy 50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% - Buy 50-Day Average Volume - 209110
Long Term Indicators 60 Day Commodity Channel Index Buy 100 Day Moving Average vs Price Buy 50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy 100-Day Average Volume - 205044
High-Tech Writers / Business Editors ROCKVILLE, Md.--(BUSINESS WIRE)--WTEQ-- WorldTeq Group International Inc. (OTCBB:WTEQ), a full-service solutions provider of Affinity Services including Long Distance, Toll Free Services, Hosting Services, and Financial Services today announced a review of accomplishments in 2003 and some insight into 2004 by its CEO Jeff Lieberman. During 2003, WorldTeq has overcome many obstacles. Through hard work and determination we fought to survive and even grow during a year where we made a change in leadership and withstood an ongoing attack on our customer base, from competitors on our staple long distance business. I credit the reason for our survival and success on the following accomplishments, which are all centered on four key ideas: Cost Reduction, New Products, Sales Automation, and an Expanded Sales Department. -- Became profitable -- Signed three new agents for the telecom business -- Sold subsidiary of the company without significantly impacting revenues -- Reduced long term debt by $600,000 -- Reduced annual overhead expenses by $300,000 -- Reorganized management to concentrate on efficiencies and sales growth -- Launched MonEcard product and signed first contracts -- Increased exposure in the financial marketplace -- Enhanced end-user website to include digital signatures for online ordering -- Launched a new enhanced billing system Going forward, we believe that 2004 will be a year of record growth. We are finally poised to reap the benefits of the explosive new stored value card payroll market. Several opportunities have been opened recently, especially with the financial press and analysts detailing how quickly this market will grow. With the industry expanding by five million new cards during the next two years and the success that we are having in the marketplace, we believe that we will have tens of thousands of cards being used as payroll solutions by the end of the year. We have enough potential prospects now that we fully expect to be adding organizations to our payroll program on a regular basis. Additionally, we are focusing on a new target customer base for our telecom business and feel strongly that we will meet or exceed previous revenue and profit expectations (currently at 1-2 cents EPS) for 2004. About WorldTeq Group International WorldTeq Group International offers a wide range of telecommunications, merchandising and financial services with related products via independent agents, associations, sales organizations and affiliate marketing. For more information visit the company's Web Site at http://www.worldteqgroup.com. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by WorldTeq) contains statements that are forward-looking, such as statements relating to consummation of the transaction, anticipated future revenues of the companies and success of current product offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of WorldTeq Group International. KEYWORD: DISTRICT OF COLUMBIA INDUSTRY KEYWORD: TELECOMMUNICATIONS SOURCE: WorldTeq Group International Inc. CONTACT INFORMATION: WorldTeq Group International Inc. Jeff Lieberman, 888-263-7776 fax: 413-513-1260 jlieberman@worldteq.com
posted
what happened to the big hit? its down to .16 Think i'll get out if it ever gets back up to what i bought it at so I only loose my trade fees
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
