NEW YORK, Sept. 29, 2006 (PRIMEZONE) -- Platinum IT Consulting Inc., a subsidiary of Global IT Holding Company (Pink Sheets:GITH) is pleased to announce that in conjunction with their affiliated company Parker Clark, they have posted solid sales revenue in their third quarter. Total sales for the year have now reached 2.9M.
Mr. Ralph Clark, president of Platinum IT Consulting Inc., also predicted growth in the fourth quarter saying "due to the increase that we see coming up from several sectors including utilities, retail, publishing and insurance clients, we should see a 5-10% increase this quarter. This would bring sales to around 4m for the year."
Platinum IT Consulting Inc. and Parker Clark both source IT personnel for companies and offer custom software solutions including Oracle, SQL Server or Sybase and software such as SAP, JD Edwards, and PeopleSoft.
About Platinum IT Consulting
Platinum IT Consulting, Inc. was established in 1986 and has sales offices in New York City and Madison, NJ. In 2004, Platinum IT became part of the Global IT Holdings, Inc. family of companies. Global IT Holdings, Inc. is a New York-based holding company created to acquire targeted I.T. staffing firms. The company's current holdings include Platinum IT Consulting and its associated company Parker Clark Data Processing.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications which may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above.