And news today: Press Release Source: On The Go Technologies Group
On The Go Reduces Expenses by $100,000 With Island Corporation Move to Corporate Headquarters Friday January 20, 7:30 am ET
CONCORD, Ontario, Jan. 20 /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 it has effectively eliminated $100,000 in overhead expense with the move of its newest acquisition, Island Corporation, into its corporate headquarter offices. ADVERTISEMENT
Island's move, will be complete this afternoon, is inclusive of all company operations and increases On The Go's total staff and management, from all 5 divisions, to over 70 people, an appreciation of 300+%, in terms of VAR division staff, from a year ago.
The move into On The Go's Concord, Ontario offices is not only representative of an initial savings of $100,000 in rent, utilities, insurance, and miscellaneous duplicate corporate related expense, but also provides for a greater degree of buying power for all of the VAR divisions. As the Company continues to consolidate and synergize operations in the quarters ahead, other such costing cutting measures will be implemented.
"Much like the moves to our Company headquarters of the divisional acquisitions preceding Island, we fully expect that the initial reduction of $100,000 in corporate costs is only the beginning of our expense consolidation," remarked Company CEO Stuart Turk. "I'm confident that, as with Island's solid addition to our revenues, further overhead reductions will continue to add to our bottom line."
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.
-------------------------------------------------------------------------------- Source: On The Go Technologies Group
Posts: 1632 | From: NJ | Registered: Nov 2005
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yea it's definitely at the bottom of it's cycle, good pick, I might jump in if it starts moving this morning, thanks.
Posts: 679 | From: New York | Registered: Jan 2006
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Oh, I have a sell order in for this stock at .465 ...maybe I should hang onto it a bit longer. I still don't understand the charts and such, but I'm trying to learn.
(Jelly, thanks for the recommended sites you PM'd to me...I'll get busy trying to learn.)
Posts: 47 | Registered: Jan 2006
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Will I be too late to join U at 0.53 ??? Is it a good buy at 0.53.
-------------------- Investment Is Important, but Knowing where to make an Investment in your life makes all Difference Posts: 280 | Registered: Jan 2006
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quote:Originally posted by icecold: Will I be too late to join U at 0.53 ??? Is it a good buy at 0.53.
I can't say, do the DD. It's bottom was .38 on Monday I believe, and it's going now. It's 52-week high is 2.38
The OS is nice, check out the chart. Forming a very nice white candle today and should get more radar tomorrow I would think.
Posts: 1632 | From: NJ | Registered: Nov 2005
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I was in at 0.53. Hope it touches someday 0.62, to give some profit out of my investment.
-------------------- Investment Is Important, but Knowing where to make an Investment in your life makes all Difference Posts: 280 | Registered: Jan 2006
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On The Go`s Newest VAR Division Island Corp`s Sales on Track To Be Their Best Ever
January 26, 2006 07:30:48 (ET)
CONCORD, Ontario, Jan 26, 2006 /PRNewswire-FirstCall via COMTEX/ -- On The Go Technologies Group (OGHC, Trade) ('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.
SOURCE On The Go Healthcare, Inc.
Al Kau, +1-888-795-3166 (California), or al*thesearchforvalue.com; or Geoffrey Eiten, OTC Financial Network, +1-781-444-6100 ext. 613, or geiten*otcfn.com http://www.prnewswire.com Copyright (C) 2006 PR Newswire. All rights reserved.
Posts: 1632 | From: NJ | Registered: Nov 2005
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59 now. By the way since I am a newbie, what does "Do your DD" mean ???
What is the target sell price ur aiming for Jelly ?
-------------------- Investment Is Important, but Knowing where to make an Investment in your life makes all Difference Posts: 280 | Registered: Jan 2006
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Not sure, I'm watching the chart. I don't aim for a price really, I watch the chart and try to get out when it tells me.
Posts: 1632 | From: NJ | Registered: Nov 2005
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Is there any site, where I could learn something abt the Charts(I mean how to understand it) ??
-------------------- Investment Is Important, but Knowing where to make an Investment in your life makes all Difference Posts: 280 | Registered: Jan 2006
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I'm back in this one. Hit .35 and seems to be gearing up for a run. Lots of buys late day. Keep it on your radar.
Posts: 1632 | From: NJ | Registered: Nov 2005
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On The Go's Island Corporation Featured in Leading Canadian Healthcare Technology Magazine Identifies Island as a Prominent Provider of Imaging Solutions to Clinics and Hospitals CONCORD, Ontario, Feb. 9 /PRNewswire-FirstCall/ -- On The Go Technologies Group (OTC: 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 their newly acquired division, Island Corporation, has been highlighted in the February issue of Canadian Healthcare Technology ('CHT') as a company that more and more US and Canadian radiology clinics and hospital imaging departments are turning to for solution construction and installation of their PACS systems. 'PACS', or Picture Archiving and Communications Systems, are designed to provide the digital and 3D imaging features and functions required by surgeons, radiologists and other medical doctors, clinics and scientific researchers on a standard PC.
CHT Publisher and Editor Jerry Zeidenberg stated in his article: 'Island has been doing a roaring business showing independent imaging clinics (and in some case hospital departments) how to choose and set up a PACS network. Indeed, in the last four years, working with leading RIS/PACS OEMs, Island has deployed over 50 complete PACS systems at clinics and imaging centers across North America.' A copy of the article may be accessed at: http://www.onthegohealthcare.com/CHT.pdf
Canadian Healthcare Technology, written by a team of experienced business journalists, physicians and computer and healthcare consultants, keeps healthcare executives up-to-date about the latest computer-based solutions for improving medical care and making their organizations more efficient. The magazine reaches over 12,000 managers in Canadian hospitals, clinics, and community and home-care organizations. It keeps associates nationwide thoroughly informed as to new and noteworthy IT implementations, profiled for their significant improvement to clinical outcomes, cost reduction or increased efficiency for the healthcare provider. Technology news and analysis, government initiatives and private-sector developments solutions are further reported on.
'Island has been a notable feature in respected healthcare IT periodicals as they've grown over the years, and, with more of a concentrated PR effort on On The Go's part, we anticipate that it will only grow from this point forward,' remarked On The Go President and CEO Stuart Turk. 'Good PR translates to greater interest and sales, which always figures strongly in bottom line results.'
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
Source: PR Newswire (February 9, 2006 - 7:30 AM EST)
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