On The Go Technologies Group
(OTCBB: ONGO)
OTG to Ship $260,000 Initial Phase Hardware Order to an International Leader in the Electronic Trading Industry
Client Now Part of OTG’s Million Dollar Customer Club
CONCORD, Ontario/PRNewswire-FirstCall/ — On The Go Technologies Group (OTC Bulletin Board: ONGO – News); (’OTG’ ‘the Company’), a leading multi- industry computer hardware, software and systems integrator, announced that the Company has received the first of a substantial 2-phase order for high-end HP Servers, Storage units and network upgrade components from a leading, global electronic brokerage service provider. Phase 1, totaling $260,000 and due to be shipped any day, effectively represents not only a sales record for this client, but also establishes them as one of OTG’s many million dollar customers. The second Phase a SAN Storage order is expected to be implemented over the next few months.
The initial order of blade Server and miscellaneous network components for the client’s Toronto, New York and Chicago offices is intended to work in conjunction with their continued infrastructure upgrade, and will additionally serve to further establish trading/clearing independence.
Founded in 1993, and having grown to offices throughout Canada and the United States, this long term client is a pioneer and leader in providing trade execution, order management and routing software for the publicly- traded/financial industry. Their North American and European customers, inclusive of over 200 U.S. and international brokerage houses and financial institutions and their customers, use proprietary trading software to buy and sell equities and stock options on a variety of exchanges and electronic markets known as ECNs, as well as via NASDAQ market makers. The client’s products enable traders to execute and manage large volumes of transactions at high speed with great reliability and security.
The firm executes over 120 million shares a day through their datacenters. They are traded on the Toronto Stock Exchange as a public company.
OTG President and CEO Stuart Turk noted, “This order is a great addition to our 4th quarter, and, with the addition of the second Phase, will also stand as a robust ‘home-stretch’ to our year end. Inclusive of Phase 1, the client will have booked over $1M in sales to date for fiscal 2007; the following SAN Storage order will add strongly to their revenue generated. OTG continues to further add to their bottom line with continued streamlining of all operations.”
About On The Go Technologies Group
On The Go Technologies Group is a North American corporation focused on acquiring versatile and profitable companies in the IT sector. OTG and its divisions: OTG Enterprise, catering to Fortune 1000 and SME clientele and vendors such as HP, Apple, IBM, SGI, Extreme Networks and Adobe; OTG Digital Media & OTG Creative, prominent systems integrators in the U.S. and Canadian digital entertainment industry; OTG Healthcare, compiling digital solutions and networks for the diagnostic medical community; OTG Research, providing solutions to the education, funding and research communities; and in-house multimedia studio Go Motion + Design, have established themselves as a respected and sought after industry competitors. The Company’s intention is to maintain sustained growth in the years to come via continued organic development in its existing divisions and an aggressive acquisition schedule.
For more information, visit http://www.otgtech.com or http://www.otgtech.com/video.
To view a company profile, visit http://www.otgtech.com/pp.pdf. To be added to On The Go Technologies Group’s e-mail list for company news, visit http://www.otgtech.com/new_site/inv_pkg_form.htm.
This press release contains forward-looking statements that involve a number of risks and uncertainties. These forward-looking statements contain words such as “expects,” “believes,” “anticipates” and “intends.” 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.
Source: On The Go Technologies Group
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