I wonder how this will affect us:
VTEC ( .57 ) VTEC Inc. (VTEC) Acquires Made in USA Group, Inc. and Its Flagship Publication, Made in USA Magazine Market Wire "US Press Releases "
DELRAY BEACH, FL -- (MARKET WIRE) -- 09/17/07 -- VTEC, Inc. (PINKSHEETS: VTEC), an acquisitions firm specializing in Internet properties, has acquired Made in USA Group, Inc. , a Florida corporation that promotes American-made products and services through various mediums.
Made in USA Group, Inc. publishes Made in USA Magazine , www.madeinusamag.com, a quarterly publication that strives to educate and inform American consumers of the many benefits of buying American, and helps families more easily find American-made products and services. The magazine features both print and online editions.
In addition, Made in USA maintains strategic partnerships with several American manufacturers.
Serious problems with the quality of imported Chinese goods have underscored the importance of Made in USA's mission. In recent months, a wide-range of Chinese-made products have been the subject of global product recalls, including fake, untested and tainted pharmaceuticals, children's jewelry containing toxic lead paint, melamine-tainted dog food, defective tires, toothpaste laced with chemicals found in antifreeze and brake fluid, misidentified and potentially toxic seafood, and toys that posed significant choking hazard or unsafe and potentially toxic amounts of lead.
The United States ' ongoing dependence on imported goods, a widening trade deficit and the dangers posed by lax foreign manufacturing regulations can all have serious implications for American workers and the U.S. and world economies.
"Made in USA Group, Inc. is providing the American consumer with information to make smarter buying choices," said VTEC, Inc. chief executive officer Julie Reiser. "The American dream is embodied in farming and manufacturing. Farming and manufacturing are what made this country the strongest in the world. When we buy from places like China and other nations, we shift our strength to them. We need to spend our money on our future and protect the American dream for our children."
With this acquisition, VTEC, Inc. further diversifies its portfolio of companies and Internet properties. Made in USA Group, Inc. joins VTEC's other wholly owned subsidiaries: Look Media, Inc. , www.lookcartoons.com, which focuses on entertainment products for families, and Pizza Holdings, Inc. , www.pizza.net, which offers expedited access to food choices through its searchable database of over 65,000 pizzerias nationwide.
ABOUT VTEC, INC. (VTEC)
VTEC, Inc. , www.vtecinc.net, was formed to acquire and create unique internet and retail enterprises that offer but are not limited to the expedited access to entertainment, food, financial services, travel, learning, news and targeted information, as well as innovative, intuitive consumer products through e-commerce. The company's wholly owned subsidiaries include Look Media, Inc. www.lookcartoons.com, Pizza Holdings, Inc. www.pizza.net , and Made in USA Group, Inc. www.madeinusamag.com.
Legal Notice Regarding Statements Including Those That are Forward-Looking.
The statements in this press release regarding real or implied expectations with regard to the future impact on VTEC, Inc.'s ("the Company") results from acquisitions or developed properties are forward-looking statements and are within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in the above document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Our operations are subject to risks and uncertainties that may effect the occurrence of events reflected in forward-looking statements. Accordingly, actual results may differ materially from expected or implied results. No information provided in this press release should be construed as a representation, or indication in any form or manner, of the present or future value of the Company or its common stock. The Company disclaims any responsibility to update forward-looking statements made herein.
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For more information, contact:
VTEC, INC.
Press and Investor Relations
1-877-244-6972, ext. 3
