DEERFIELD BEACH, Fla., Oct. 19, 2005 (PRIMEZONE) -- Wide E-Convergence Technologies Americas Corporation. (Pink Sheets:WDCV) is new to StockMarketNewsAlert.com. According to D. Baker at First Equity Group, Inc., "recent news flow from the company has been very positive. The company recently announced the appointment of Mr. Michael F. Albanese, CPA of Cost Reduction Solutions of New Jersey."
"WECTAC is looking forward to building its relationship with this reputable company. Michael Albanese, CPA, has established himself as a truly diligent, independent auditor, as well as a reasonably priced auditor," said Mr. Vincent Ramoutar, WECTAC president and CEO. "He has an excellent reputation and we look forward to him taking on this important role."
Brief Biography of Newly Appointed Auditor
Michael is the lead consultant for Cost Reduction Solutions. He has over 25 years' experience as chief operating and financial officer for various companies within many different industries. He is also (PCAOB) Public Company Accounting Oversight Board registered.
Michael helped Roger Penske build Hertz Penske's One Way Consumer Rental business in the early 1980s and has assisted many companies build solid operating and financial foundations for growth and profits.
He subsequently developed and operated mid-size manufacturers and distributors in textiles, floor coverings, golf products, LTL and TL trucking, wholesale and retail food, metals, insurance, banking and financing companies, as well as a variety of service organizations.
Now, Mr. Albanese is exclusively involved in servicing area banks and financial institutions in monitoring their loan and collateral portfolios, as well as servicing over 25 clients in their financial attestation, reporting and tax planning requirements.
Michael is a member of the A.I.C.P.A., N.J.S.C.P.A. and the Garden State Credit Association. www.CostReductionSolutions.com.
For the full profile, the reader's attention should be drawn to our initiating report, which is available on www.StockMarketNewsAlert.com. More information is available on http://www.stockmarketnewsalert.com.
About WECTAC
Wide E-Convergence Technologies Americas Corporation (WECTAC) (www.wectac.com) provides a powerful platform and consulting services for interactive distant learning (IDL). WECTAC works with corporate and institutional organizations to develop creative solutions for complex, multi-site locations. WECTAC's full range of software and services enables organizations and institutions to meet their e-learning needs, reduce travel expenses, offers customized just-in-time education programs, product launch programs, engage in real-time training and testing across many concurrent locations, and a more effective communication strategy. WECTAC's services are provided within their IDL, a learning management system platform, to better equip clients to make informed e-learning decisions. Through the integration of a proven technology platform, WECTAC effects a positive change in the e-learning environment while directly reducing training and travel budgets. Additionally, clients are able to customize their training and testing programs, promoting efficiency in delivery and organizational success.
Forward-Looking Statements
Certain statements in these interviews and news releases may constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risks, uncertainties, and other factors, which may cause the actual results, performance, or achievement expressed or implied by such forward-looking statements to differ materially from the forward-looking statements. Certain statements contained in the interviews are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve numerous risks and uncertainties, including, but not limited to, risks and uncertainties pertaining to development of the company's products and services and markets for such products and services, the timing and level of customer orders, competitive products and service, changes in economic conditions and other risks and uncertainties. Although the company believes the statements are reasonable, it can give no assurance that such expectations will prove correct. The company cautions that any forward-looking statements contained herein are not a guarantee of future performance and that actual results may differ materially.
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All material herein is information supplied by the company or other sources believed to be reliable. The information contained herein is not guaranteed by First Equity Group, Inc. to be accurate and should not be considered to be all-inclusive. The company that is discussed in this profile has approved the statements made in this profile. This profile contains forward-looking statements that involve risks and uncertainties. Statements in this press release about the company's future expectations other than historical facts, are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, section 21E of the Securities Act of 1934, as that term is defined in the Private Securities Litigation Reform Act of 1995. It is important to note that actual results and ultimate corporate actions could differ materially from those in such forward-looking statements. Such "forward-looking statements" are subject to risks and uncertainties set forth from time to time in the company's SEC reports that could cause results to differ materially from those expressed or implied and include, but are not limited to, the results of future tests and the availability of funding for additional research and development. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. First Equity Group is not a licensed broker, broker dealer, market maker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.stockmarketnewsalert.com. First Equity Group has received compensation of 500,000 shares of free trading WDCV stock by a third party. First Equity Group's affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this profile and may profit in the event those shares rise in value. First Equity Group does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.