MONTREAL, March 28 /CNW/ - Montec Holdings Inc. ("Montec" or "the Company"), (TSX-V: MTE), a holding company focused on acquiring and developing a diversified portfolio of high-growth technology companies, today announced that its subsidiary, Datex Billing Services Inc. ("Datex"), has deployed its billing solution for Toronto Hydro Telecom.
"Toronto Hydro Telecom is a full service telecom provider offering customers a suite of managed network services from basic connectivity to value-added services," said Jim Dawson, President of Datex. "Our solution will help them automate their operation and establish a platform for future growth."
"After a rigorous due diligence process, we were pleased to find the right solution with Datex. Their expertise and functionality best suit Toronto Hydro Telecom for today and the foreseeable future," said Richard Graham, Controller, Toronto Hydro Telecom.
"The THT contract strongly supports our Datex strategy to attract high profile customers," said Myer Bentob, Chairman and Chief Executive Officer of Montec Holdings. "This is a significant win as it expands Datex's presence in this sector of the telecom market and demonstrates their ability to compete effectively in this strategically important sector."
About Datex Billing Services Inc.
Datex is a leading application service provider of CRM, CIS and billing solutions in a variety of divergent vertical markets. Using its proprietary Customer Lifestyle Management (CLM) process, Datex team has successfully managed and maintained the customer care and billing infrastructure for more than 60 companies spanning three decades of knowledge and experience. Datex's team of technology experts solves the logistical and technological challenges of small and medium sized customer focused business. For more information about Datex, please visit our website at www.datex.ca.
About Montec Holdings Inc.
Montec Holdings Inc. is listed on the TSX Venture Exchange (TSX-V: MTE). Montec's objective is to create shareholder value by building a profitable technology entity with high-growth potential. Structured as a holding company, it will acquire, in each case, at least 51% shareholdings of a number of synergetic companies and it will develop a diversified portfolio of high-growth technology companies. The Company recently completed the acquisition of Datex Billing Services Inc. For more information about Montec Holdings, please visit our website at www.montecholdings.com.
Forward Looking Statements
This press release contains forward-looking statements which reflect the Company's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. The Company disclaims any obligation to update these forward-looking statements.
The TSX Venture Exchange Inc. has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
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