TORONTO, Jan. 23, 2003 (PRIMEZONE) -- EdgeTech Services, Inc. (OTCBB:EDGH) today announces it has received a private placement of $100,000 at a price of $0.50 per share. The 200,000 shares to be issued are restricted.
The funds will be used for general working capital purposes.
About EdgeTech Services
Edgetech's is an advanced IT Consulting firm focused on new business in the IT Security, AntiVirus and Biometrics sectors.
Edgetech is a Business Partner to Microsoft, IBM, Symantec, Counterpane and many others. Edgetech's clients include major government and private sector clients in the United States and Canada.
Press Contacts: For investor information contact CEO Tae Kim at 204-943-0803 or examine the Edgetech website at www.edgetechservices.com
This press release includes forward-looking statements. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Inherent risks and uncertainties could cause actual results to differ materially from the forward-looking statements. Such risks and uncertainties are described in the periodic reports the Company files with the Securities and Exchange Commission. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release.