Amazing Technologies Corp. Set to Eclipse Goal of $100 Million in Revenue for Fiscal 2007 and Adds Proven London Based CFO to Management Team
LONDON -- (MARKET WIRE) -- September 13, 2006 -- Amazing Technologies Corp. (PINKSHEETS: AZTN), one of Oracle's largest and fastest growing IT Consulting Services partners focused on the SME market, announced today that it has hired Peter Griffith-Jones, a 26 year veteran of the financial industry, as Chief Financial Officer to lead the company's London based finance team.
J. Bradley Hall, CEO of Amazing, commented, "This is quite a coup for Amazing and I'm extremely excited to be adding Peter to our team. He has enjoyed the direct experience of being a 'C' level executive in a successful London Stock Exchange listed company for more than 10 years, as well as being specifically involved in acquisition negotiation, with post merger integration and financial consolidation activities on an international scale. He intimately understands our business model and the inherent challenges and opportunities."
Before joining Amazing, Mr. Griffith-Jones was Finance Director for Abacus Group plc, a publicly traded electronic components distributor, where he was part of the management team that bought the company and floated it on the LSE, growing it significantly through acquisitions. Before Abacus, Peter worked in the software & semiconductor test industries, having qualified as a Chartered Accountant in London with Arthur Andersen.
Peter Griffith-Jones commented, "Having been involved in acquiring, growing and integrating companies, I have tremendous respect for what Brad and his team have accomplished in less than 18 months of operations. I am delighted to be involved. I'm excited at this opportunity to contribute my experience and I'm convinced this is a company that is well placed to continue its dramatic growth."
Simon Arkell, President of Amazing concluded, "Our ambitious corporate goals include completing an IPO on AIM in London this fall and I can't overstate the importance of having a proven veteran with extensive experience in evaluating and consolidating financial reporting for the fast growing global businesses that Amazing is acquiring. Peter is our first choice for that role so this a good day for us and a great day for our stakeholders."
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About Amazing Technologies Corp.:
Founded in 2004 and based in Newport Beach, CA, Amazing Technologies Corp. is the largest and fastest growing Oracle/JDE partner on the planet. Upon closing, the company will have profitable revenue of over $71 million USD and close to 750 consultants and employees at multiple locations in 10 countries including; Australia, New Zealand, Venezuela, Columbia, Mexico, Peru, Chile, Italy, the USA and Brazil.
"Amazing" is a trademark of Amazing Technologies Corp. and may be registered in certain jurisdictions. This release contains "forward-looking statements." Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes" or statements indicating certain actions "may," "could" or "might" occur.
