Company Press Release
MEGA MICRO TECHNOLOGIES RETAINS NEW AUDITOR
LAS VEGAS, NV-(BUSINESS WIRE)-January 19, 2001-Mega Micro Technologies Group
(OTC:BB "MGGA") announced that it has engaged Weaver & Martin to audit its
2000 fiscal year financial statements. There were no disagreements between
MGGA and its previous auditor, Braverman & Co., on any matter of accounting
principles or practices, financial statement disclosure or auditing scope or
procedure.
In addition, MGGA's Board of Directors has approved an option re-pricing
program. Under the program, all currently issued stock options (covering
approximately 1 million shares of MGGA's common stock) will be re-priced at
$0.50 per share.
"I believe it is in the best interest of stockholders that we retain key
management, directors and employees in order to further our ability to
effectively provide business process automation solutions," said Thomas
Embrogno, President and COO of MGGA.
About Mega Micro
Since 1991, MGGA has provided computer components, software, and custom-built
systems to corporate customers and to businesses serving business. Moreover,
MGGA designs, installs, and services Local Area Networks (LAN), Wide Area
Networks (WAN), intranets, and extranets. By leveraging the experience in
hardware sales and networking services along with resources provided to us
via our relationship with companies such as EDS, Datamax, NEC, and EMC2, MGGA
provides an advanced and tightly integrated business process automation
solution. MGGA's strategy will be to continue to provide a complete business
process framework for all of it's present and future clients as well as
provide the integration of document management, workflow automation, and call
center management necessary to support its business plan.
Safe Harbor Statement: The statements in this press release regarding the
engagement of a new auditor, re-pricing of stock options, future
opportunities and any other effect, and any other statements, which are not
historical facts, are forward looking statements. Such statements involve
risks and uncertainties, including, but not limited to, future financial and
operational results, competition, general economic conditions, and the
ability to manage and continue growth. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove incorrect,
actual outcomes may vary materially from those indicated. We undertake no
obligation to revise or update such statements to reflect current events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
