Advanced Technologies Group Reports Fiscal Year 2009 Financial and Operating Results
19 Mayo 2009 - 12:30PM
Marketwired
Advanced Technologies Group, Ltd (OTCBB: AVGG) a developer of next
generation software platforms, today announced financial and
operating results for the year ended January 31, 2009.
Advanced Technologies Group sold its 25% share in FXDirectDealer
in January, 2009. The aggregate purchase price was approximately
$26,000,000, of which $9,000,000 was paid in cash at the closing of
the Sale and the remaining $17,000,000 is payable in 36 equal
monthly instalments of $472,222.22, bearing interest at the rate of
10% per annum and evidenced by a subordinated promissory note that
was issued pursuant to a Cash Subordinated Loan Agreement.
Net income for the year was $16,617,629, or $0.91 per basic
share and $0.80 per fully diluted share. Investors are encouraged
to read the entire 10K (Annual Report) by visiting www.sec.gov or
contacting Andrew Barwicki at 516-662-9461 /
andrew@barwicki.com.
Alex Stelmak, CEO of Advanced Technologies Group, stated: "In
addition to the accelerated development and marketing of our
PromotionStat and Cyber-Fence software platforms, the Company
intends to acquire and/or develop brand new, state-of-the-art
technologies as well as to explore other lucrative business
opportunities. To that end, we are reviewing the possibility of
entering into the aircraft recovery and used aircraft parts
business. Our preliminary independent research has shown the
existence of a substantial shortage of used aircraft parts and that
healthy profit margins can be made with respect to that
environmentally friendly business. Management will also consider
investing in commercial real estate ventures."
Advanced Technologies Group, Ltd develops the PromotionStat
software platform, which assists on-line advertisers in monitoring
their marketing effectiveness, and the Cyber-Fence software
platform, which provides anti-cyber terror and anti-identity theft
solutions.
Contact: Investor Relations Andrew Barwicki 516-662-9461 Email
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(USOTC:AVGG)
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