(BSNS WIRE)Diversified Technologies Group, Inc. Appoints New CEO and Announces Acquisition of DemandFAX, Inc.
Business and Technology Editors
DALLAS--(BUSINESS WIRE)--July 7, 2000--Diversified Technologies
Group, Inc. (OTCBB: DTGI) announced today that it has named John
Harris, Chief Executive Officer.
Mr. Stidham has resigned to pursue other business interests. Mr.
Harris brings over 20 years of Information Technology experience to
Diversified Technologies Group, Inc. and will be leading its efforts
to acquire technology-related companies throughout the US.
Additionally, DTGI agreed to acquire DemandFAX, Inc for 400,000
shares of restricted common stock and is due to close on or prior to
August 1, 2000.
DemandFAX, Inc. is a Dallas-based Enhanced Messaging Service
Bureau that was founded in 1992. As an innovator in the development of
custom based messaging applications for clients such as Anthem
Insurance, AON Corporation, Bayer Corporation, Pitney Bowes and many
others, DemandFAX has enjoyed much success in helping to provide high
quality and effective sales, marketing and customer relationship
management components to these businesses.
"DemandFAX has built its business on a sound foundation of
customer service principles, we are ready to apply those same values
to other companies that become a part of the DTGI family, " said John
Harris, CEO, Diversified Technologies Group, Inc. "The addition of
DemandFAX's technology platform and their recent move into unified
messaging will complement the other opportunities that DTGI is
evaluating."
DemandFAX currently provides fax on demand, broadcast fax
delivery, e-mail distribution and Unified Messaging Services to
customers throughout the United States. The Unified Messaging sector
of telecommunications, which includes fax and email, is a
multi-billion dollar industry. DemandFAX has expanded its capacity by
virtue of its arrangement with Xpedite Systems, Inc. a subsidiary of
PTEK Holdings, Inc. to provide both fax and email delivery for
DemandFAX.
About Xpedite
Xpedite (www.xpedite.com) is a global leader in electronic
information distribution and a business unit of PTEK Holdings, Inc.
(NASDAQ: PTEK - news). The company offers a full range of electronic-
and fax-based document distribution and data messaging services using
the industry's first and the world's largest dedicated IP network.
Xpedite processes up to six million document pages every day to all
types of electronic addresses, including Internet, e-mail, fax and
telex. Xpedite's diverse client base includes such industry leaders as
Boeing, First Union, Merck, Bell Atlantic, as well as 40% of all
Fortune 500 companies. Xpedite has sales offices in 30 locations
throughout the U.S. and 18 international offices, including London,
Brussels, Munich, Paris, Tokyo, Seoul, Singapore, and Sydney.
Xpedite announced that it has recently formed a new division,
MessageREACH(SM) (www.messagereach.com ), which is an outsourced,
Internet based e-mail service provider for Fortune 2000 companies,
specializing in tracking, encryption and automated administration for
high volume e-mail applications.
For more information on DTG, Inc., visit
www.diversfiedtechnologiesgroup.com.
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.
--30--mj/ny*
CONTACT: Diversified Technologies Group, Inc.
972/774-4445
or
Marketex
Gary Swancey, Investor Relations
770/389-5645
