AWT Finalizes Acquisition and Adds Executives to Its Management Team
September 04 2007 - 8:00AM
PR Newswire (US)
SOMERSET, N.J., Sept. 4 /PRNewswire-FirstCall/ -- AWT, Inc.
(OTC:AWTM.PK) formally announced that the company had recently
finalized the acquisition of ICON Systems, Inc., a global
technology consulting group that lists among its current and former
clients such as U.S. Dept of Defense, Cadbury Group, LTD, and
Bakersfield L.P., among others. The specific terms of the
transaction were not disclosed, but sources in AWT revealed that
the acquisition took the form of an exchange of shares, and will
not negatively affect its cash position. AWT is pleased to announce
that it has added two highly experienced industry experts to its
management team. Donald Malter will be assuming the role of CFO and
Treasurer, and Peter Murray will take over as Vice President and
Director of Sales. According to a company source, "The addition of
Mr. Malter and Mr. Murray to our executive staff will bring a
substantial increase in efficiency and productivity to the company.
Their invaluable experience and extensive network of relationships
with industry professionals across the U.S. has enhanced our
profile and has substantially increased our capabilities as we move
forward." About Advanced Wound Technologies: Advanced Wound
Technologies provides the most advanced, state-of-the-art medical
equipment to the health care system. In delivering the most
advanced medical technologies at an affordable cost, we allow
everyone access to the highest quality technologies, thus
delivering equipment with greater therapeutic benefits. Safe Harbor
Statement: Except for historical information contained herein, the
matters set forth above may be forward-looking statements that
involve certain risks and uncertainties that could cause actual
results to differ from those in the forward-looking statements.
Words such as "anticipate," "believe," "estimate," "expect,"
"intend" and similar expressions, as they relate to the Company or
its management, identify forward-looking statements. Such
forward-looking statements are based on the current beliefs of
management, as well as assumptions made by and information
currently available to management. Actual results could differ
materially from those contemplated by the forward-looking
statements as a result of certain factors such as the level of
business and consumer spending, the amount of sales of the
Company's products, the competitive environment within the
industry, the ability of the Company to continue to expand its
operations, the level of costs incurred in connection with the
Company's expansion efforts, economic conditions in the industry
and the financial strength of the Company's customers and
suppliers. The Company does not undertake any obligation to update
such forward-looking statements. Investors are also directed to
consider all other risks and uncertainties. DATASOURCE: AWT, Inc.
CONTACT: Christopher J. Neill of AWT, Inc., +1-732-246-2330 Web
site: http://www.awtmid.com/
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