DALLAS, Aug. 8, 2005 (PRIMEZONE) -- TalkingStocks.com has issued a Profile Report for On The Go Technologies (OTCBB:OGHC) authored by Talking Stocks Senior Investment Analyst, Shailesh Dhuri, CFA. The report comes following a very active week for On The Go Technologies. The stock price has seen a 53.85 percent share price increase from the close on Friday, July 29, 2005 to the close on Friday, August 5, 2005. Mr. Dhuri discusses the company, recent releases and what is possibly ahead for On The Go Technologies.
In the report, Mr. Dhuri concludes, "Its strategy of strategic acquisitions has started yielding very positive results in terms of high revenue growth. Thus, the company is aggressively scouting for more acquisitions. For example, it had recently acquired Infinity Technologies for its next acquisition. Infinity Technologies has booked annual revenues of approximately $25 million for the past several years and net profits of between $360,000 and $400,000 for the last three fiscal years."
On Thursday On The Go Technologies announced that the company booked over $8,000,000 CDN in gross revenues for their fiscal July 31, 2005 year end. This is representative of a 100% increase from the previous yearly period ($4,000,000+CDN). The increase in product and service sales is due in large part to the acquisitions of Helios/Oceana and Infinity Technologies in Q3 and Q4 2005, respectively. On Friday the company announced that the Infinity Technologies Division has been awarded a contract to deliver communication and routing devices to an Ontario based Telco firm.
To view the Profile Report for On The Go Technologies, please visit:
http://www.talkingstocks.com/reports/OGHC_080805.php
About On The Go Technologies Group
On The Go Technologies Group is a leading, North American corporation focused on acquiring versatile and profitable companies in the IT sector. By way of its four Divisions to date: Value Added Resellers Compuquest and Infinity Technologies, both catering to Fortune 1000 clientele and vendors like HP, Apple, IBM, Extreme Networks and Adobe; Helios/Oceana, a prominent systems integrator in the U.S. and Canadian entertainment and education industries; and Go Motion and Design, the Company's complete in-house multimedia studio, On The Go has established itself as a respected industry competitor. The Company intention is to maintain sustained growth in the years to come via both continued development in their existing divisions and an aggressive acquisition schedule.
For more information, visit: http://www.oghc.com or http://www.otcfn.com/oghc
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This press release contains forward-looking statements that involve a number of risks and uncertainties. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, but are not limited to, economic conditions affecting the B2B environment; continued ability to obtain hardware, software and peripherals at competitive costs; the Company's ability to finance its planned expansion efforts; the Company's ability to manage its planned growth; and changes in regulations affecting the Company's business and such other risks disclosed from time to time in the Company's reports filed with the Securities and Exchange Commission. The Company does not intend to update any of the forward- looking statements after the date of this document to conform these statements to actual results or to changes in management's expectations, except as required by law.
Disclosure: Pentony Enterprises LLC and TalkingStocks.com LLC have been compensated a total of 37,500 shares of OGHC. 17,500 of these shares are restricted 144 stock and are still held. Neither TalkingStocks.com, LLC, nor Pentony Enterprises, LLC, are registered investment advisers or broker/dealers. TalkingStocks.com, LLC and Pentony Enterprises, LLC makes no recommendation that the purchase of securities of companies profiled in this website is suitable or advisable for any person or that an investment such securities will be profitable.