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Hy-Tech Technology Group, Inc. Announces Launch of New E-Commerce Business, New Website and Consolidation of Distribution Locations

Hy-Tech Technology Group, Inc. Announces Launch of New E-Commerce Business, New Website and Consolidation of Distribution Locations










Fort Myers, FL (PRWEB) October 29, 2003 - Hy-

Tech Technology Group, Inc. (OTCBB: HYTT.OB), today announced the start of a new phase of its evolution with the launch of its new e-commerce business— part of its new corporate website. This program has made been possible through a joint effort with the leading on-line e-tailer, BCD2000, which has provided the technology and the fulfillment systems platform.

This program adds a new on-line purchasing experience for Hy-Tech’s customers and is designed to improve customer service, grow sales and increase profitability. Hy-Tech simultaneously announced that as part of the Company’s overall revenue-enhancing strategy, it is consolidating the operations of certain under-performing distribution locations.

Martin Nielson, CEO of Hy-Tech, said, “These actions are a key component of the ongoing transformation of our Company. We are convinced that a robust online initiative is critical to our future success and that this will not only improve the buying experience for our customers, but it will allow us to remove under-performing resources from our cost structure. The new online purchasing segment of our business will be profitable immediately and it will improve our product flow immensely.”

Lee Vaccaro, Founder & CEO of BCD2000, Inc., said, "We are pleased to announce our new program with Hy-Tech Technology Group. This newfound relationship will allow us to turn the ability to roll out e-commerce fulfillment platforms into a new core competency."

The new e-commerce site, http://www.e-hytech.com will be fully operational within a few days. It is both dynamic and interactive and will allow customers to purchase products on-line while simultaneously communicating directly with a Hy-Tech employee via e-mail, telephone or Yahoo!® instant messaging during the selling process. The immediate benefits of this for customers will include improved pricing and better product availability. The on-line customer experience includes a wide array of ease-of-use elements throughout the site, offers robust product information, and provides enhanced customer service. The new initiative also provides a platform for further growth and expansion, which will be achieved through the seamless addition of new products and services.

About Hy-Tech Technology Group, Inc

Founded in 1992; Hy-Tech Technology Group, Inc. has operations in Florida, Alabama, Tennessee, Kentucky, and Colorado. The Company presently supplies a full line of computer components and peripherals and has technicians capable of building and servicing systems that range in scope from basic desktop systems to very sophisticated server applications. Throughout its history, Hy-Tech has demonstrated its technical capability as an award-winning reseller of the industry's leading technology products and by earning a variety of accreditations such as Intel® Premier Provider, Microsoft® System Builder Gold Member, Symantec® Authorized Education Reseller, and Iomega® Premier Partner. For more information, please visit our website at http://www.e-hytech.com.

Safe Harbor Statement

Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995 and may contain forward-looking statements, with words such as "anticipate," "believe," "expect," "future," "may," "will," "should," "plan," "projected," "intend," and similar expressions to identify forward-looking statements. These statements are based on Hy-Tech's beliefs and the assumptions it made using information currently available to it. Because these statements reflect Hy-Tech's current views concerning future events, these statements involve risks, uncertainties and assumptions. The actual results could differ materially from the results discussed in the forward-looking statements. In any event, undue reliance should not be placed on any forward-looking statements, which apply only as of the date of this press release. Accordingly, reference should be made to Hy-Tech's periodic filings with the Securities and Exchange Commission.

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For further information contact:

Ronald L. Garner

Equitilink, LLC

877-788-1940


















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