Amazing Technologies Corp. (PINKSHEETS: AZTN), a fast growing US public company that acquires, supplies and integrates real-time software solutions for the SME market, announced today that it has signed a Letter of Intent to acquire the largest JD Edwards reseller in Italy.
J. Bradley Hall, CEO of Amazing Technologies, said, "This is the first of many proposed transactions in Europe and a clear signal to our prospects and customers that the success we have had in building out the fastest growing global JDE practice is about to be accelerated throughout the European Union. Along with our previously announced acquisitions in Asia Pacific, Latin America and the USA, this will solidify Amazing's position as the dominant SME supplier and integrator of JD Edwards solutions in the world."
Simon Arkell, President of Amazing Technologies, added, "This agreement highlights our commitment to establishing our company as a single touch point for prospects and customers who require an established international market presence, as well as Oracle who is our key partner globally. We at Amazing continue to execute our proven business model and now that we have consolidated a leading presence in the Americas, we are quite bullish on the prospect of a number of similar announcements from across Europe in the near term."
Mr. Hall noted, "This agreement adds another extremely well run, profitable company into the Amazing fold. Smaller, regional resellers will increasingly be marginalized as companies like Amazing consolidate the channel and create a single touch point for prospects, customers and of course Oracle as well. Our impressive growth is slated to continue and as we accelerate towards our goal of completing an IPO on AIM in London this fall."
About the Oracle PartnerNetwork:
Oracle PartnerNetwork is a global business network of 17,700 companies who deliver innovative software solutions based on Oracle software. Through access to Oracle's premier products, education, technical services, marketing and sales support, the Oracle PartnerNetwork program provides partners with the resources they need to be successful in today's global economy. Oracle partners are able to offer to their customers leading-edge solutions backed by Oracle's position as the world's largest enterprise software company. Partners who are able to demonstrate superior product knowledge, technical expertise and a commitment to doing business with Oracle can qualify for the Oracle Certified Partner levels.
About the European Based JDE reseller:
The company is an international consulting firm, which specializes in the configuration, implementation and deployment of business solutions. Since its inception in 1997, the company has consistently delivered successful solutions in the areas of Customer Relationship Management (CRM), Enterprise Resource Planning (ERP), Data Warehouse (DWH), Business Intelligence (BI), Corporate Performance Management (CPM), and Application Maintenance Outsourcing (AMO). Its extensive knowledge of business processes across the Enterprise makes it the ideal consulting partner to assist companies in their business strategies.
About Amazing Technologies Corp.:
Founded in 2004 and based in Newport Beach, CA, Amazing Technologies Corp. is the largest and fastest growing Oracle/JDE partner focused on Small and Medium sized Enterprises on the planet. Upon closing, the company will have profitable revenue of over $63 million USD and close to 600 consultants at multiple locations in 9 countries including: Australia, New Zealand, Venezuela, Colombia, Mexico, Peru, Chile, the USA and Italy.
"Amazing" is a trademark of Amazing Technologies Corp. and may be registered in certain jurisdictions. This release contains "forward-looking statements." Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes" or statements indicating certain actions "may," "could" or "might" occur.
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