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2003-10-10
WorldTeq Group International Seeks Acquisitions
ROCKVILLE, Md., Oct 10, 2003 (BUSINESS WIRE) -- WorldTeq Group International, Inc. (WTEQ) , a full-service provider of affinity telecommunication and financial services, hires Aero Financial, Inc. to seek out acquisition candidates.
"For the past several months we have been aggressively restructuring our business model, cutting overhead and expanding product offerings. We feel that we are now ready for a proactive approach to expand our business. We are targeting several areas within the telecommunication sector for acquisitions including: VOIP, Long Distance, Internet Service Providers, and Web Hosting firms just to name a few," stated Jeff Lieberman, President of WorldTeq. "We have hired Aero Financial, Inc. for their extensive experience in identifying joint ventures, alliances and acquisition candidates to help accelerate our growth plan. WorldTeq continues to explore methods for increasing profit margins and feels that the new product mix, especially the financial services products, will enhance this tremendously. New product introduction, international expansion, and the reduction of expenses should allow the company to reach our goal of enhancing shareholder value."
About Aero Financial, Inc.
Founded in 1992, Aero Financial, Inc. specializes in investment banking and securities advisory services for emerging companies. Aero Financial, Inc. has guided many companies through the growth process by identifying and integrating additional revenue streams for client companies.
For more information visit the company's web site at http://www.aero-financial.com
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.
SOURCE: WorldTeq Group International, Inc.
WorldTeq Group International, Inc., Rockville
Jeff Lieberman, 888-263-7776
fax, 413-513-1260
jlieberman@worldteq.com
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