CONCORD, Ontario, April 1 /PRNewswire-FirstCall/ -- On The Go Healthcare, Inc. (BULLETIN BOARD: OGHI) , a leading manufacturer, marketer and distributor of baby, portable healthcare products, computer hardware, software and supplies, announced today that sales attributed to its newly-acquired Compuquest subsidiary have reached CDN$2 million since acquisition.
Compuquest, a value-added reseller of computer hardware and software products, was acquired by On the Go Healthcare in October of 2003, garnering significant economies of scale for both companies. Compuquest services hundreds of clients throughout the United States and Canada, with growing presence internationally.
On the Go Healthcare President and CEO Stuart Turk said, "Now that Compuquest has been successfully consolidated under the On the Go umbrella, sales have picked up significantly. This new milestone for Compuquest places On the Go at a run rate of $3 million for the year ended July 31, 2004."
Turk continued, "We expect growth to continue from Compuquest, as the subsidiary's reach increases outside the U.S. and Canada. Several recent international sales to prominent U.S. and Canadian companies demonstrates our competitiveness on a global scale."
About On The Go Healthcare, Inc.
On The Go Healthcare, Inc. manufactures, markets and distributes a line of healthcare and infant-related products that target home healthcare, medical rehabilitation and long-term care markets worldwide. On The Go's signature product is its Padded Training Seat, an ergonomically-designed, cushioned seat placed on top of adult toilet seats to help toddlers with toilet training. On the Go Healthcare also operates two subsidiaries in complementary business lines:
Healing Heat Sensations (HHS) manufactures, markets and distributes the Company's portable, reusable heat packs for therapeutic purposes. HHS markets to distributors, consumers, hospitals, nursing homes, physicians, home healthcare, retailers and various other healthcare outlets.
Compuquest is a value-added reseller of computer hardware, software, peripherals, and supplies. Compuquest (http://www.compuquest.com/) services hundreds of clients in the U.S. and Canada, including Fortune 100 corporations, hospitals, government ministries, universities and various firms in banking, insurance, law and accounting. Compuquest recently won the Consumers' Choice Gold Award for Best Business Computer Dealer for seven consecutive years.
For more information about On the Go Healthcare and its subsidiaries, visit: http://www.otcfn.com/oghi or http://www.onthegohealthcare.com/ . To be added to the Company's email list for news updates, email: OGHIIR@cs.com.
This press release contains forward-looking statements that involve a number of risks and uncertainties. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, but are not limited to, economic conditions affecting retailers; continuing success introducing new products; the Company's ability to finance its planned expansion efforts; the Company's ability to manage its planned growth; continued availability of raw materials for the child and health care lines at reasonable costs; continued ability to obtain hardware, software and peripherals at competitive costs; and changes in regulations affecting the Company's core business. The Company does not intend to update any of the forward- looking statements after the date of this document to conform these statements to actual results or to changes in management's expectations, except as required by law.
On The Go Healthcare, Inc.CONTACT: Stuart Turk of On the Go Healthcare, Inc., +1-905-760-2987 ext.300; Investor Relations - Geoffrey Eiten of the OTC Financial Network,+1-781-444-6100 ext. 613, geiten@otcfn.com
Web site: http://www.onthegohealthcare.com/
