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PRECOM
TECHNOLOGY INC., d.b.a. CONCILIUM GROUP (OTCBB: PMMT) |
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Editors
Note:
On
July 19, we brought you an in depth profile (Click
Here) of Precom Technology, d.b.a. Concilium Group. We
also brought you a couple of follow-up pieces on PMMT when they
were featured on Larry Oakley's Weekly Stock Pick (www.WallStreetCorner.com)
and when they reported their positive second quarter earnings
for the period
that ended June 30, 2002.
The
company recently purchased Saddleback Finance Inc., an equipment
leasing firm, to diversify their financial services and revenue
streams. PMMT released news today that they are now in a position
to assist mid-size manufacturers in securing leased equipment.
For
our readers who've been following this company and for those of
you taking your first look, we thought you would be interested
in the news that PMMT released today ...
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RECENT NEWS ON PMMT *** |
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Precom Technology Positioned To Help Midsize Manufacturers
Secure Equipment Leases
BOCA RATON, FL -- (INTERNET WIRE) -- 08/07/2002 -- Precom Technology,
Inc. (OTCBB:PMMT) announced today that they are positioned to
give small to midsize manufacturing companies the ability to secure
leased equipment to grow as the economy expands. According to
Robert Hipple, CEO of Precom, “We are moving into strategic alliances
with vendors that allow us to secure equipment leases much faster,
and with more financial stability for our clients, than ever before.”
“As an international financial services company engaged
in equipment leasing and financial planning, we are in position
to give small to midsize manufacturers the ability to secure equipment
leases that they may otherwise have difficulty securing. As the
economy continues to grow these manufacturers need to invest in
new, more productive equipment. Yet without the capital to buy
they are often left with few options. Our services help them secure
the financing they need to lease the equipment,” said Hipple.
Precom Technology is an international financial services company
with several offices in the United States, and Hong Kong. The
company is active in equipment leasing, financial planning, insurance
and merchant banking in the U.S., Europe, South America and Asia.
Precom Technology, Inc. secures leasing arrangements for manufacturers
in all industry sectors.
Safe Harbor:
Certain information included in this communication
contains statements that are forward looking, such as statements
related to further anticipated direction of the financial industry,
the general economy, plans for further expansion and various
business development activities, planned capital expenditures,
funding resources, anticipated sales growth and potential
contracts. These forward-looking statements are subject
to a number of known and unknown risks and uncertainties
that could cause actual operations or results to differ materially
from those anticipated.
Contact: Jan Read
Phone: 800-451-0932
To view the release and get a quote, click
here
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ABOUT CONCILIUM GROUP (OTCBB: PMMT) *** |
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Concilium, Latin for
“a council,” is defined as “a meeting of the people to consider
and decide matters especially affecting itself.”
CGI is an international financial services company engaged
in financial, tax and business planning, asset protection, insurance
management, and merchant banking company with offices in the United
States and Hong Kong.
CGI is organized as a holding corporation with six distinct
divisions currently, and several planned in 2002, which collectively
provide the necessary elements to manage and execute each comprehensive,
specifically tailored service plan developed and maintained to
meet the financial needs of CGI’s clients.
On April 6, 2002, CGI's shareholders approved
the acquisition of a controlling interest in Precom Technology,
Inc. (PMMT) in a stock exchange transaction. In June of 2002,
Precom acquired the assets and business of Saddleback Finance
and Leasing Services and formed a new subsidiary, Saddleback Finance,
Inc., to operate the leasing business. The equipment leasing business
and the financial planning and other related services are now
operated as separate, but complementary businesses. Precom now
is doing business as Concilium Group (CGI) and operates the leasing
business under the trade name Concilium Finance and Leasing Services.
CGI is a general partner in a Chicago-based PIPE fund
and a Manhattan-based private equity fund in which CGI subscribed
for an interest of $10 million.
CGI acts as a “financial concierge” by maintaining
and coordinating the actions of each subsidiary into a
cohesive set of services.
CGI’s goal is to be a single-source, full service financial
resource firm for the high-net-worth individual who is not satisfied
with the commonplace services provided by big firm advisors.
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CONTACT *** |
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CGIs principal offices are located at 2255 Glades Road, Suite
324A, Boca Raton, Florida 33431.
CGI also maintains offices at 2755 East Cottonwood Parkway,
Suite 600, Salt Lake City, Utah 84121.
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