NEWS

WIRES

OTHER

Amazing Technologies Corp. (AZTN) Announces Agreement to License the World's Most Comprehensive JAVA Software Solution

Amazing Technologies Corp. (OTC: AZTN) announced today that the company has formally completed another acquisition of core technology to be integrated into the Amazing Real Time Enterprise (RTE) software platform. The sophisticated software solution was acquired in an OEM agreement with an Australian software development firm.

J. Bradley Hall, CEO of Amazing, said, "The company continues to be the acquirer of strategic assets and this OEM agreement will allow us to offer a comprehensive Supply Chain Management System that allows companies, suppliers and customers to be connected, integrated and always on.

"This is another example of those hidden gems we are proving to be increasingly adept at uncovering. The development team behind this are real pros and have created a platform-independent, browser-based, real-time solution that blows incumbent solutions like Oracle (PeopleSoft and JDE) and SAP away," said Hall.

Added Simon Arkell, President of Amazing, "We are executing an ambitious plan to ramp up to $100 million in revenue and $44 million in EBITDA over the next 24-36 months. We have identified approximately 3,500 end user business customers that have an immediate appetite for this sub-million-dollar solution. As a result, in the near term, I think you will see us as active acquirers of channel partners who currently control these customer accounts."

Founded in 2004, Amazing Technologies Corp. seeks to become a leading supplier and integrator of real-time solutions and web services that can be dynamically identified, located, accessed, compiled and assembled in pre-specified configurations. The company has been launched to strategically acquire software and service providers that help transform organizations into real-time enterprises that are connected, integrated and always on.

Amazing is a trademark of Amazing Technologies Corp. and may be registered in certain jurisdictions. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. 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.

Distributed by Market Wire