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GCO Announces the Acquisition of SysTrax

Omnitech Consultant Group Inc. ("GCO") (TSX VENTURE:GCO) is pleased to announce that GCO will proceed, in the next few days, with the acquisition of all of the issued and outstanding shares of Logiciel SysTrax Inc. ("SysTrax"). The transaction is conditional upon approval of regulatory authorities.

With this acquisition, GCO strengthens its Supply Chain Optimization business unit with the addition of a production management and enterprise resource planning (ERP) software. This software improves manufacturing and production efficiency.

On July 15, 2005, GCO established a business partnership with SysTrax' shareholders in order to commercialize and implement the software with the objective to acquire it at a later date. The software, renamed SIIM, will replace the Olympic ERP software acquired in September 2003, which required upgrades costing $650,000. By replacing Olympic by SIIM, GCO will save 8 months of analysis and programming. However, GCO will continue to support Olympic for its current customers.

According to the terms and conditions of the closing agreement, the price for this acquisition is $580,000, payable as follows: $150,000 cash already paid as an advance and the issuance of 505,822 common shares of GCO at a presumed price of $0.85 per share for a total consideration of $430,000. The three shareholders of SysTrax will become employees of GCO.

Since the establishment of the business partnership, GCO carried out sales and services of integration connected to the SIIM software which amounted to approximately 500 000 $. The last financial statements of SysTrax preceding the July 15, 2005 agreement showed assets of a value of $104,233, liabilities of $71,709 and shareholders' equity of $32,524.

"The acquisition of SysTrax will allow us to focus on the integration of high performance and high productivity software solutions through cross-sales with our other divisions. The Business Process Optimization unit (formerly Toptech) performs, alone, over 500 productivity improvement interventions with manufacturers per year, which will contribute to effectively position this value-added tool", declared Mr. Claude Belley, GCO's Chief Executive Officer.

"GCO will allow us to pursue the development and deployment of our SIIM software through turn key solutions presented to hundreds of clients", added Mr. Bernard Cincou, president of Systrax.

About Omnitech Consultant Group Inc. ("GCO")

GCO is a Canadian leader in performance engineering. GCO offers solutions as a one-stop-shop in engineering, information technology (IT) and systems maintenance. GCO is capable of intervening in all aspects of industrial engineering and information technology (IT), thus combining a major and distinctive niche in comparison with the competition. GCO integrates new technologies or optimizes existing systems by applying cutting-edge expertise currently used in the best practices.

About SysTrax.

SysTrax produces configurable Estimation Manufacturing Production system (EMP). SysTrax is a provider of high performance implementation solutions for estimation and tracking production. It developed solutions to suit a variety of manufacturing industries, including printing, plastics, metal work, automotive, aeronautical, food and beverage as well as consumer packaged goods.



TSX Venture Exchange Inc. assumes no responsibility regarding

the relevance or accuracy of this press release.


Distributed by Market Wire

Tags: ,ProfessionalServices:Engineering, ,,QUEBEC CITY, QUEBEC
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