Diversified Technologies Group, Inc. Announces Appointment of W. Steven Garrett as President
DALLAS--(BUSINESS WIRE)--March 2, 2001--Diversified Technologies Group, Inc. (OTCBB:DTGI) announced today the appointment of W. Steven Garrett as President to lead the company's evaluation and focus of its core business. Further, Richard Gregory has accepted the position as an interim director. John Harris has resigned as CEO and director to pursue other business interests and the company has acquired all stock relating to John Harris. Also, the Demand Fax acquisition has been rescinded and all 1.6M restricted post split shares of stock has been acquired by the company and placed back into treasury. CareNet did not complete the transaction for acquisition as previously announced September 29, 2000 for 100,000 shares of restricted stock. W. Steven Garrett, President, attended Temple University, Philadelphia, Pa. Business Law 1967. He has been involved in directing several leading edge technology start-up companies by providing organization, methods, orientation, systems and focus for manufacturing plants, marketing & sales organizations Internet solutions providers, software developers and e-Business systems during his 35 year executive management career. IBM, Apple, NEC, HP, Compaq and Nortel Networks have accredited him in PC Computer Hardware. Steven has been a consultant to many of the hundreds of new business ventures he has researched, prior to accepting positions. Previously, as President / CEO of Fat Free Burger Co., Inc. Steven directed the 1994 implementation of EDI with USA Defense Commissary Agency and then he secured the First World Wide New food distribution contract from the U.S. Government (no. DECA01 95-G-1513). Later as General Manager, V.P. of Fanny's Fat Free Foods, Inc. Steven designed and directed the development and implementation of a 300 page Interactive Web Site with AT&T, which AT&T used to promote their entry into web site development arena. The design included a 4-tier security system, customer interactive sequences and automated inventory ordering and replacement system for over 1,000 product items, while directing manufacturing, packaging and marketing simultaneously. In the mid 1980's, Steven assisted in the design and development of Zon-Talk software (VeriFone Tranz 330) to control a fax machine and created the First Public Fax Station (The Fax Station & Go Fax, plus many others). This development afforded travelers the convenience of self-service, credit card activated, fax availability in Airports, Office buildings, Turnpikes and Hotels. During the early eighties, he developed the First used, pre-recorded Video Tape Distributor (Philadelphia Video Exchange, now AAA Video) to the new industry of "Video Stores", which included West Coast Video, National Video and Video To Go. During the late 1970's Steven developed Design & Funding as the nations premier Invention Marketing firm. While there, he also directed the creation of Patents, Trademarks and Copyrights that include the credits of initiating the Jiffy Lube Franchise, Fiber Optics, Mobile Antennas and Laser pointing devices used in human surgery.
About Diversified Technologies Group, Inc.
Diversified Technologies Group, Inc. develops and integrates technology companies, services and products that can leverage each other's strengths to build value. The company is developing interests in several technology areas related to communications, computing and the Internet.
This news release includes forward-looking statements related to Diversified Technologies Group, Inc. that involve risks and uncertainties, including, but not limited to, quarterly fluctuations in results, the management of growth, market acceptance of certain products and other risks. These forward-looking statements are made in reliance on the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. For further information about these factors that could affect Diversified Technologies Group, Inc.'s future results see the company's filings with the Securities and Exchange Commission (the "Commission"). Prospective investors are cautioned that forward-looking statements are not guarantees of future performance. Actual results may differ materially from management expectations.
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CONTACT: Diversified Technologies Group, Inc., Dallas 972/774-4445 or Investor Relations: Marketex Gary Swancey, 954/757-0582
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