PASADENA, Md., Feb. 17, 2006 (PRIMEZONE) -- CTR Investments & Consulting, Inc. (Pink Sheets:CIVX): As a result of the acquisition International Identification Group announced Monday, February 13, CTR is pleased to announce an ongoing relationship with New Year Tech, which will provide the company with product development and RFID capability.
Jerry Janik states, "I have worked with Soy Chu CEO of NYT for some time; he has built a very solid company that can bring the technical and project skills that CTR requires. This relationship will provide continuing expansion of our product lines and service offerings."
Soy Chu states, "It gives me great pleasure to work with Jerry Janik and aid in the continued development of CTR; this arrangement will bring to NYT much needed marketing and sales strengths. This relationship will significantly benefit both companies and comes at a very opportune time."
About New Year Tech, Inc.
New Year Tech, Inc. (NYT) is an industry leader in providing technology products and integration services to US federal, state, and local government and commercial clients in the areas of automated inventory management and control via NYT's WMS - "DISTBAR", asset tracking and management via "TRAK I" and visitor tracking via "VE-TaBS". NYT provides inventory and asset management services leveraging the technology of automatic identification -- barcode, RF, RFID product lines -- to support facility, warehouse, and inventory managers. NYT has recently released a new Product "VE-TaBS (patent pending) which provides a facility to record and mange all visitor's via a pictured ID badge produced from the visitor's government ID. The system will also provide the ability to monitor all sensitive areas with real time tracking of visitors via RFID. Additionally, NYT provides a broad range of software development and systems integration services to Federal and commercial customers, including the National Institute of Health, EPA, Departments of State, Agriculture and Transportation, and Lockheed Martin.
About CTR Investments & Consulting, Inc.
CTR Investments and Consulting, Inc. provides a family of information technology services and products used by customers in the financial, private, government and health care sectors. CTR's specialization is in identity information and data assurance, visitor management and security technologies, including comprehensive turnkey hardware and software solutions for electronic visitor management. The product suite provides fast and secure visitor registration, record keeping, reporting and badge printing. The DataSafe Solution Set provides the controls needed to convert standard electronic data into legally bound electronic records while assuring its authenticity and legal status.
Except for historical information, all other information provided in this news release consists of "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1935. These "forward-looking statements" are subject to risks and uncertainties, which could cause actual results to differ materially from those projected, anticipated or implied. The most significant of these risks and uncertainties are discussed and identified in CTR Investment & Consulting, Inc.'s public filings made with the Securities and Exchange Commission, and include (but are not limited to) a possible inability to raise adequate capital to execute proposed strategies, changes in overall strategy due to economic, regulatory, governmental and/or market conditions, the costs and difficulties related to integration of potentially acquired businesses, potential changes in customer and supplier relationships of potentially acquired firms, changes in governmental regulations, changes in management, and changes in financial markets.