CybeRelease: (OTC: PRGJ) Acquires Innovative Architectural Database for First Responders
(CybeRelease, June 27, 2007) - PRG Group, Inc. (OTC PK: PRGJ) announced it has acquired LOCATUM, a private public safety start up offering an innovative architectural database for first responders.
“We are very pleased to have reached a meeting of the minds with LOCATUM’s founders and look forward to a profitable future for all of us,” said Uma Pandey, CEO of PRG Group. "LOCATUM’s database retrieval system is sure to be in demand in both the public and private sectors, since the value of electronic access to building plans in a crisis or rescue situation is evident.
“PRG has the networking management and maintenance background to confidently assist LOCATUM in supplying that foreseen demand,” Pandey continued. “A great product can fail to live up to its potential if the IT infrastructure holding the data and supporting its retrieval is sub-standard. As a subsidiary of PRG Group, LOCATUM can assure its clients that access to their building plans will not be compromised. This acquisition is a great example of synergy between software and services, and we expect revenues from LOCATUM by late in the third quarter,” Pandey concluded.
Representative buildings for the system include schools, health care facilities, public sector buildings, private apartments, office buildings and residential housing. The designer of LOCATUM’s building plans retrieval system and Chief Operating Officer of the company is Dr. Ronald Brown, designer of the WESDIN network and author of “The Wireless Office.”
For more information, visit http://www.prg-group.com
To read the complete release, go to http://biz.yahoo.com/iw/070627/0271975.html
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