OTG Ships Server Order to an International Leader in the Electronic Trading Industry, Building on Record 2006 Sales of $785,000
Posted on: Thursday, 8 February 2007, 09:00 CST
CONCORD, Ontario, Feb. 8 /PRNewswire-FirstCall/ -- On The Go Technologies Group (OTC Bulletin Board: ONGO; 'OTG' 'the Company'), a leading multi- industry computer hardware, software and systems integrator, announced today that the Company has shipped a large hardware order to a leading, global electronic brokerage service provider. The order, consisting of 10 HP Servers, will serve to upgrade the client's data center at the Chicago Board of Trade.
This client of ten years booked sales of $785,000 in 2006. This is their first larger order placed in the 2007 calendar year.
Founded in 1993, and having grown to offices throughout Canada and the United States, this 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 US 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 data centers. They are traded on the Toronto Stock Exchange as a public company.
OTG President and CEO Stuart Turk commented, "Our OTG Enterprise division has maintained, and worked hard for, the sales and service loyalty of this customer. Their decade long affiliation and record sales the past calendar year will most assuredly continue strongly into 2007. This order is further a strong launch of our third quarter."
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.
On The Go Technologies Group
CONTACT: Investor Relations, Al Kau, 1-888-795-3166 (California),al@thesearchforvalue.com
Web site: http://www.onthegohealthcare.com/http://www.otgtech.com/videohttp://www.otgtech.com/pp.pdfhttp://www.otgtech.com/new_site/inv_pkg_form.htm
Source: PRNewswire-FirstCall
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