AmeriQuest Technologies Sells Distribution Unit to Seneca Data Distributors

Apr 02, 2001, 01:00 ET from AmeriQuest Technologies, Inc.

    WILLOW GROVE, Penn., April 2 /PRNewswire/ -- AmeriQuest Technologies, Inc.
 (OTC Bulletin Board:   AMQT) today announced that it had completed the sale
 of its computer distribution division to Seneca Data Distributors, Inc.
 (Syracuse, NY).  Terms of the agreement were not disclosed, although
 AmeriQuest did indicate that the consideration would be paid over a three-year
 period and is based on gross profits from the business being sold, generated
 over such period by Seneca.
     "This transaction benefits AmeriQuest and its stockholders, as the company
 can now focus solely on providing engineering, integration, consulting and
 implementation services to our corporate clients.  Our mixed business model is
 eliminated, allowing us to concentrate valuable financial and management
 resources in one core business, thereby greatly enhancing our ability to
 emerge as a growing and profitable company," said Alex Kramer, AmeriQuest
 President and CEO.
     Over the past two years the company has developed a base of corporate,
 education, healthcare, and government clients.  Completely integrated business
 solutions such as asset management, and services such as IT audits covering
 security, assets, infrastructure, and skills are being provided to these
 clients along with lease finance services.  AmeriQuest's technical expertise
 in engineering and consulting includes high availability servers, local and
 wide area networking, infrastructure asset management, distribution
 requirements planning, e-business and telephony.
     Mr. Kramer added that, "AmeriQuest's distribution customers will be well
 served by Seneca Data who has reliably and capably distributed computer
 products and served resellers for more than 20 years."
 
     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.  Among the other factors that could cause
 actual operating results to differ materially are general economic and
 business conditions, the failure of net sales to increase as required so that
 the Company can achieve operating profitability, the failure to improve gross
 profit margins, the failure to expand the Company's customer base, the rate of
 growth in the computer industry, competitive factors and pricing pressures,
 changes in product mix, inventory risks due to shifts in market demand, and
 changes in agreements with manufacturers and master distributors regarding the
 terms of product sales to the Company.
 
 

SOURCE AmeriQuest Technologies, Inc.
    WILLOW GROVE, Penn., April 2 /PRNewswire/ -- AmeriQuest Technologies, Inc.
 (OTC Bulletin Board:   AMQT) today announced that it had completed the sale
 of its computer distribution division to Seneca Data Distributors, Inc.
 (Syracuse, NY).  Terms of the agreement were not disclosed, although
 AmeriQuest did indicate that the consideration would be paid over a three-year
 period and is based on gross profits from the business being sold, generated
 over such period by Seneca.
     "This transaction benefits AmeriQuest and its stockholders, as the company
 can now focus solely on providing engineering, integration, consulting and
 implementation services to our corporate clients.  Our mixed business model is
 eliminated, allowing us to concentrate valuable financial and management
 resources in one core business, thereby greatly enhancing our ability to
 emerge as a growing and profitable company," said Alex Kramer, AmeriQuest
 President and CEO.
     Over the past two years the company has developed a base of corporate,
 education, healthcare, and government clients.  Completely integrated business
 solutions such as asset management, and services such as IT audits covering
 security, assets, infrastructure, and skills are being provided to these
 clients along with lease finance services.  AmeriQuest's technical expertise
 in engineering and consulting includes high availability servers, local and
 wide area networking, infrastructure asset management, distribution
 requirements planning, e-business and telephony.
     Mr. Kramer added that, "AmeriQuest's distribution customers will be well
 served by Seneca Data who has reliably and capably distributed computer
 products and served resellers for more than 20 years."
 
     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.  Among the other factors that could cause
 actual operating results to differ materially are general economic and
 business conditions, the failure of net sales to increase as required so that
 the Company can achieve operating profitability, the failure to improve gross
 profit margins, the failure to expand the Company's customer base, the rate of
 growth in the computer industry, competitive factors and pricing pressures,
 changes in product mix, inventory risks due to shifts in market demand, and
 changes in agreements with manufacturers and master distributors regarding the
 terms of product sales to the Company.
 
 SOURCE  AmeriQuest Technologies, Inc.