FORT MYERS, Fla., Nov. 6, 2003 (PRIMEZONE) -- Hy-Tech Technology Group, Inc. (OTCBB:HYTT) today announced it has formed a division that will focus on delivering products and solutions aimed at small-to-medium sized businesses (SMBs). To underscore the effort, the company also announced the formation of a team to focus on building out this group. The announcement is another of a series of aggressive steps made by the company in the past 60 days towards transforming itself from a system builder and distributor to becoming a solutions provider.
"Forming this solutions group capitalizes on Hy-Tech's knowledge of SMBs," said Martin Nielson, CEO of Hy-Tech. "We've hired Market Traction, LLC to assess the company's technical capabilities and services and to develop the sales and marketing strategies required to launch the new entity. We've also hired a talented technologist and engineer in James Sheehan. The combination will enable us to significantly reduce the time it will take us to launch and execute on our new initiatives. Together, they'll identify and package the products and services to be offered by the newly-formed solutions division."
Market Traction is a San-Francisco-based high-tech sales and marketing consultancy. The firm works with executives of emerging growth companies to develop and implement sales and marketing strategies. While initially focusing on the launch of the solutions group, partners George Arabian and Myrna Nickelsen, each a former executive in sales and/or marketing, will also be working with the Hy-Tech management team in identifying and executing on the company's long-term growth strategies.
About Hy-Tech Technology Group, Inc
Founded in 1992, Hy-Tech Technology Group, Inc. has operations in Florida, Alabama, Tennessee, Kentucky, and Colorado. The Company presently supplies a full line of computer components and peripherals and has technicians capable of building and servicing systems that range in scope from basic desktop systems to very sophisticated server applications. Throughout its history, Hy-Tech has demonstrated its technical capability as an award-winning reseller of the industry's leading technology products and by earning a variety of accreditations such as Intel(r) Premier Provider, Microsoft(r) System Builder Gold Member, Symantec(r) Authorized Education Reseller, and Iomega(r) Premier Partner. For more information, please visit our website at www.e-hytech.com.
Safe-Harbor Statement
Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995 and may contain forward-looking statements, with words such as "anticipate," "believe," "expect," "future," "may," "will," "should," "plan," "projected," "intend," and similar expressions to identify forward-looking statements. These statements are based on Hy-Tech's beliefs and the assumptions it made using information currently available to it. Because these statements reflect Hy-Tech's current views concerning future events, these statements involve risks, uncertainties and assumptions. The actual results could differ materially from the results discussed in the forward-looking statements. In any event, undue reliance should not be placed on any forward-looking statements, which apply only as of the date of this press release. Accordingly, reference should be made to Hy-Tech's periodic filings with the Securities and Exchange Commission.