Business Editors
ROCKVILLE, Md.--(BUSINESS WIRE)--April 2, 2004
WorldTeq Group International Inc. (OTCBB: WTEQ), a full-service solutions provider of Affinity Services including Long Distance, Toll Free services, Hosting services and Financial services, today announced that it has continued growth in 2004 in all business segments.
WorldTeq revenues increased 51% for March 2004 as compared to February 2004. This increase can be attributed largely to the accelerating growth of the company's core telecom business. This increase is in addition to the growth experienced during recent months.
For the four months from October 2003 through January 2004 monthly revenues grew 54%. February 2004 revenue exceeded January's by 36%. Similar results should continue for the foreseeable future as the company has several opportunities available to it. The company anticipates a 50%+ revenue growth rate in April as compared to March, which obviously means a much larger dollar increase in revenue during the month of April than during March. Growth will continue with the telecom business and will start to accelerate on the financial services side.
The company also is launching a revamped corporate website on or around April 2, 2004. This website will include informational content for investors. The content will include news, milestones and benchmarks, both historical and anticipated, management profiles and periodic updates from the company. The website can be viewed at www.worldteqgroup.com.
About WorldTeq Group International
WorldTeq Group International offers a wide range of telecommunications, merchandising and financial services with related products via independent agents, associations, sales organizations and affiliate marketing.
For more information visit the company's Web Site at http://www.worldteqgroup.com.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements.
Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by WorldTeq) contains statements that are forward-looking, such as statements relating to consummation of the transaction, anticipated future revenues of the companies and success of current product offerings.
Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of WorldTeq Group International.
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