Advanced Technologies Group Acquires MoveIdiot.com
22 Julio 2009 - 3:48PM
Marketwired
Advanced Technologies Group, Ltd (OTCBB: AVGG), a software
development company, announced the acquisition of MoveIdiot.com, a
privately held asset of Dan Khasis LLC., a California based
company. The asset MoveIdiot.com consists of the software platform
as well as all intellectual property rights in connection
therewith. MoveIdiot.com is a pioneer in developing of a software
program that lets people take the hassle out of moving, by helping
users keep track of what they're moving.
Alex Stelmak, CEO of Advanced Technologies Group, stated, "The
acquisition of MoveIdiot.com is an important part of Advanced
Technologies Group's newly developed strategy to rapidly expand our
product offerings."
According to the US Census Bureau, in the United States alone,
40 million individuals are on the move each year. That's about 14%
percent of the entire US population annually. People between the
ages of 18-34, with a maximum concentration of individuals in their
mid-twenties do the most moving. This age group is also the most
technologically sophisticated. Additionally, businesses are not
included in the 40 million count, and businesses usually have
significantly 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
marketing campaign which will be implemented in the months to come.
We believe MoveIdiot.com represents a ground-breaking solution for
the moving industry worldwide and a smart and timely answer for
millions of people and businesses that are planning to relocate,"
continued Mr. Stelmak.
MoveIdiot.com enables individuals and businesses to take the
hassle out of moving, by helping users keep track of their entire
belongings. Users can now manage their possessions online and print
automatically generated labels that are sealable. This assures that
the package contents haven't been tampered with. Users also get an
automatically generated checklist of all their belongings, can
print individual labels for each item as well as check it off as it
arrives at the new location. This service will be offered free of
charge and Advanced Technologies Group, Ltd expects to generate
revenues from ad placements on the website.
Visit www.moveidiot.com for additional information.
Statements in this press release that relate to future results
and events (including statements about the expected benefits of the
MoveIdiot.com acquisition) are forward-looking statements based on
Advanced Technologies Group current expectations. Actual results
and events in future periods could differ materially from those
projected in these forward-looking statements because of a number
of risks and uncertainties, including: whether the MoveIdiot.com
acquisition ultimately proves successful; the impact of general
economic, business and industry conditions; our ability to
implement a major marketing campaign; our ability to effectively
manage product transitions; and the success of money generated from
advertisement agreements.
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Contact: Investor Relations Andrew Barwicki 516-662-9461 Email
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