Advanced Technologies Group Acquires MoveIdiot.com
(Thomson Reuters ONE) - RED BANK, NJ--(Marketwire - July 22, 2009) - Advanced TechnologiesGroup, Ltd (OTCBB: AVGG), a software development company, announcedthe acquisition of MoveIdiot.com, a privately held asset of DanKhasis LLC., a California based company. The asset MoveIdiot.comconsists of the software platform as well as all intellectualproperty rights in connection therewith. MoveIdiot.com is a pioneerin developing of a software program that lets people take the hassleout of moving, by helping users keep track of what they're moving.Alex Stelmak, CEO of Advanced Technologies Group, stated, "Theacquisition of MoveIdiot.com is an important part of AdvancedTechnologies Group's newly developed strategy to rapidly expand ourproduct offerings."According to the US Census Bureau, in the United States alone, 40million individuals are on the move each year. That's about 14%percent of the entire US population annually. People between the agesof 18-34, with a maximum concentration of individuals in theirmid-twenties do the most moving. This age group is also the mosttechnologically sophisticated. Additionally, businesses are notincluded in the 40 million count, and businesses usually havesignificantly more items to relocate than families or individuals.Just to keep track of all belongings is a major challenge."Our strategy is to leap forward with an aggressive global marketingcampaign which will be implemented in the months to come. We believeMoveIdiot.com represents a ground-breaking solution for the movingindustry worldwide and a smart and timely answer for millions ofpeople and businesses that are planning to relocate," continued Mr.Stelmak.MoveIdiot.com enables individuals and businesses to take the hassleout of moving, by helping users keep track of their entirebelongings. Users can now manage their possessions online and printautomatically generated labels that are sealable. This assures thatthe package contents haven't been tampered with. Users also get anautomatically generated checklist of all their belongings, can printindividual labels for each item as well as check it off as it arrivesat the new location. This service will be offered free of charge andAdvanced Technologies Group, Ltd expects to generate revenues from adplacements on the website.Visit www.moveidiot.com for additional information.Statements in this press release that relate to future results andevents (including statements about the expected benefits of theMoveIdiot.com acquisition) are forward-looking statements based onAdvanced Technologies Group current expectations. Actual results andevents in future periods could differ materially from those projectedin these forward-looking statements because of a number of risks anduncertainties, including: whether the MoveIdiot.com acquisitionultimately proves successful; the impact of general economic,business and industry conditions; our ability to implement a majormarketing campaign; our ability to effectively manage producttransitions; and the success of money generated from advertisementagreements.Contact:Investor RelationsAndrew Barwicki516-662-9461andrew(at)barwicki.comThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 22.07.2009 - 23:17 Uhr
Sprache: Deutsch
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