WASHINGTON, Sept. 29 /PRNewswire-FirstCall/ -- Textechnologies Inc. (Other OTC: TXTG.PK) (Pink Sheets: TXTG) announced today that it has acquired Centrabell Ltd. Centrabell Ltd. is the UK's leading Commercial Printing Company which trades under the name of "TEKPRINT" (http://www.tekprint.co.uk/). TekPrint had revenues of over 5 million Dollars in both 2004 and 2005.
TekPrint has a wide and industry diverse client list that provides high- end products to companies such as Zurich Insurance, Bayer, Rothschild's, Tyco, Mercedes and various governmental and municipal bodies. The company differentiates itself from its competition due to its very high specification equipment. It uses Heidelberg presses, the highest quality in the printing industry.
TekPrint is now entering the second phase of its strategic plan, focusing on sales development initiatives which include sales force expansion and telesales channels. With the existing hardware and software infrastructure including the new management, TekPrint is enthusiastic regarding its future financial prospects.
About Centrabell Ltd
Centrabell Ltd trades as TekPrint. TekPrint is a UK commercial printer which was established in June 1974 and has seen many changes. Customer satisfaction has always played a large part in the firm's success and in spite of market developments, nothing has changed in that regard. The company has recently taken in new management and processes are being introduced to maximize the company's market advantage, offering an "end to end" delivery of services. The company's Sales and Commercial director heads an experienced team of executives and sales liaison staff. The company has introduced another facet to meet today's demanding market -- the "total supply package" -- covering all aspects of fulfilment, storage, picking, dispatching, nationwide distribution and even stock level monitoring. Additionally, TEKPRINT offers web based B to B ordering systems.
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include the Company's entry into new commercial businesses, the risk of obtaining financing, recruiting and retaining qualified personnel, and other risks described in the Company's Securities and Exchange Commission filings. The forward looking statements in this press release speak only as of the date hereof, and the Company disclaims any obligation to provide updates, revisions or amendments to any forward looking statement to reflect changes in the Company's expectations or future events.
CONTACT: David E. Price, Esq.
tel: 301-460-5818
fax: 301-560-6665
David@Pricelaw.com
Website: http://www.textechnologies.com/
Website: http://www.tekprint.co.uk/