AmeriQuest Appoints Jon Jensen as President and CEO

Apr 17, 2001, 01:00 ET from AmeriQuest Technologies, Inc.

    WILLOW GROVE, Pa., April 17 /PRNewswire/ -- AmeriQuest Technologies, Inc.
 (OTC Bulletin Board:   AMQT) today announced that Jon D. Jensen has been named
 President and Chief Executive Officer, replacing Alexander C. Kramer in these
 positions.  Mr. Jensen will also continue as the Company's Chief Financial
 Officer.  Mr. Kramer will remain a member of the Board of Directors and will
 advise the Company in his capacity as Managing Director of Listen Group
 Partners, LLC, a partnership jointly owned by Messrs. Kramer and Jensen which
 owns 31,349,878 shares, or 46.9%, of AmeriQuest's outstanding common stock.
     Mr. Jensen has been with AmeriQuest in various capacities since 1994 and
 has been CFO and Chief Operating Officer since 1997.  The position of COO will
 not be filled at this time.  Prior to joining AmeriQuest, Mr. Jensen handled
 several turnaround management assignments.  "Alex and I jointly decided that
 the interests of all shareholders would be best served if each of us focused
 our efforts on separate strategies to restore the Company to profitability and
 growth," said Mr. Jensen.  "My mandate is to foster internal growth and
 profitability, while Alex will pursue external growth opportunities, including
 strategic acquisitions, to build AmeriQuest's Solutions Provider business."
     Mr. Kramer has been employed in various capacities with AmeriQuest or one
 of the Company's subsidiaries since 1983 and has been the President and CEO of
 AmeriQuest since 1997.  "Now that the Company has exited the distribution
 business and has been repositioned as a Solutions Provider, we must take every
 measure necessary to ensure our long term success," commented Mr. Kramer.  "On
 the cost side, the restructuring that has occurred since the sale of the
 distribution division to Seneca Data has significantly reduced expenses.
 Although I made the decision to withdraw from day-to-day operations, I will be
 working closely with Jon and the Board, seeking strategic opportunities that
 will enhance shareholder value."
 
     About AmeriQuest
     AmeriQuest, the Technology Infrastructure and Services Company, provides
 information technology solutions, services, consultation and products to
 corporate, education, healthcare and government clients.  Logistical
 deployment services and lease financing are also provided by the Company.
 Web site: www.ameriquest.com.
 
     This press release contains forward-looking statements that involve a
 number of risks and uncertainties.  These risks and uncertainties include:
 competitive, technological, financial, legal and business challenges which may
 make it more difficult than expected for the Company to continue as a
 solutions and lending provider; competitive conditions within the computer
 industry; weakened demand for the solutions provided by the Company; the
 Company's inability to retain existing key management, sales and technical
 personnel; the Company's forecasts not accurately anticipating market demand;
 and other material adverse changes in the Company's operations or business,
 which may make it impossible for the Company to continue as a going concern.
 More information about these and other risks and uncertainties can be found in
 the Company's Current Report on Form 8-K filed April 5, 2001.  The Company
 does not undertake to update forward-looking statements.
 
 

SOURCE AmeriQuest Technologies, Inc.
    WILLOW GROVE, Pa., April 17 /PRNewswire/ -- AmeriQuest Technologies, Inc.
 (OTC Bulletin Board:   AMQT) today announced that Jon D. Jensen has been named
 President and Chief Executive Officer, replacing Alexander C. Kramer in these
 positions.  Mr. Jensen will also continue as the Company's Chief Financial
 Officer.  Mr. Kramer will remain a member of the Board of Directors and will
 advise the Company in his capacity as Managing Director of Listen Group
 Partners, LLC, a partnership jointly owned by Messrs. Kramer and Jensen which
 owns 31,349,878 shares, or 46.9%, of AmeriQuest's outstanding common stock.
     Mr. Jensen has been with AmeriQuest in various capacities since 1994 and
 has been CFO and Chief Operating Officer since 1997.  The position of COO will
 not be filled at this time.  Prior to joining AmeriQuest, Mr. Jensen handled
 several turnaround management assignments.  "Alex and I jointly decided that
 the interests of all shareholders would be best served if each of us focused
 our efforts on separate strategies to restore the Company to profitability and
 growth," said Mr. Jensen.  "My mandate is to foster internal growth and
 profitability, while Alex will pursue external growth opportunities, including
 strategic acquisitions, to build AmeriQuest's Solutions Provider business."
     Mr. Kramer has been employed in various capacities with AmeriQuest or one
 of the Company's subsidiaries since 1983 and has been the President and CEO of
 AmeriQuest since 1997.  "Now that the Company has exited the distribution
 business and has been repositioned as a Solutions Provider, we must take every
 measure necessary to ensure our long term success," commented Mr. Kramer.  "On
 the cost side, the restructuring that has occurred since the sale of the
 distribution division to Seneca Data has significantly reduced expenses.
 Although I made the decision to withdraw from day-to-day operations, I will be
 working closely with Jon and the Board, seeking strategic opportunities that
 will enhance shareholder value."
 
     About AmeriQuest
     AmeriQuest, the Technology Infrastructure and Services Company, provides
 information technology solutions, services, consultation and products to
 corporate, education, healthcare and government clients.  Logistical
 deployment services and lease financing are also provided by the Company.
 Web site: www.ameriquest.com.
 
     This press release contains forward-looking statements that involve a
 number of risks and uncertainties.  These risks and uncertainties include:
 competitive, technological, financial, legal and business challenges which may
 make it more difficult than expected for the Company to continue as a
 solutions and lending provider; competitive conditions within the computer
 industry; weakened demand for the solutions provided by the Company; the
 Company's inability to retain existing key management, sales and technical
 personnel; the Company's forecasts not accurately anticipating market demand;
 and other material adverse changes in the Company's operations or business,
 which may make it impossible for the Company to continue as a going concern.
 More information about these and other risks and uncertainties can be found in
 the Company's Current Report on Form 8-K filed April 5, 2001.  The Company
 does not undertake to update forward-looking statements.
 
 SOURCE  AmeriQuest Technologies, Inc.