CORPUS CHRISTI, Texas/OKLAHOMA CITY, June 8, 2004 (PRIMEZONE) -- Donald S. Robbins, CEO of Consortium Service Management Group, Inc. (OTCBB:CTUM) announced today the launching of its new web site. The address is www.ctum.com
Robbins said, "The new site visibly reflects our business interests and breakthrough technologies owned by CTUM. We continue to enhance and build shareholder value through attracting new technologies, ongoing research and development while increasing intellectual property ownership in our portfolio of state-of-the-art technologies.
CTUM is a technology management company that develops, invests in, patents, owns, manages, and brings to market innovative technologies. Included in these technologies are:
-- the company's patented platform, medical, Live Biological Tissue Bonding technology, owned by CTUM, was invented and developed at the internationally renowned "E.O. Paton Institute of Electric Welding, National Academy of Sciences of Ukraine" at Kiev, Ukraine headed by Professor B.E. Paton. The technology reconnects human tissue and organs through radiofrequency fusion without the use of sutures, staples, sealants or glues. More than 2000 successful human surgeries have been performed in clinical trials in Ukraine.
-- the 390,000-pound patent pending proprietary Landfill Gas Purification System, now being installed at a municipal waste landfill in Chastang, Alabama, that processes raw landfill gas to pipeline quality.
-- the environmentally friendly, large-farm, Anaerobic Animal Waste Processing System.
CTUM also has an exclusive agency agreement with "SUMY-FRUNZE Machine-Building Science and Production Association of Ukraine" for the United States, Canada and Mexico. FRUNZE, a 106-year-old ISO 9001 heavy industrial equipment manufacturing company specializes in equipment for the oil, gas and chemical industries, employs approximately 20,000 people, and regularly secures both ASME (American Society of Mechanical Engineers) and API (American Petroleum Institute) certifications on its products.
FRUNZE manufactures for CTUM, the CTUM-patent pending "CO2 Separation Complex Technology" for purification of landfill methane gas. The agency agreement covers a range of equipment, equipment planning, technical design and service equipment including:
-- Equipment for oil and gas production and processing -- Equipment for chemical and refinery plants -- Compressors -- Pumps for power stations and general industrial use -- Landfill systems
CTUM is the largest shareholder and foreign investor in "United Engineering Closed Joint Stock Company with Foreign Investment," a Ukraine private engineering company specializing in defense contracts that has also been successful in securing private sector contracts.
Robbins said, "We are pleased with the new site and the expert web site development provided by Webstrata."
Consortium Service Management Group maintains offices in Corpus Christi, Texas; Oklahoma City, Oklahoma; Atlanta, Georgia; Washington D.C. and Kiev, Ukraine. Its common stock is quoted on the Internet as "CTUM.OB" and is traded on the OTC Bulletin Board under the stock symbol "CTUM." Its website is www.ctum.com, and its E-mail address is publicrelations@ctum.com.