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MUHAMMAD ARIF SUTERIA JOINS FLEXXTECH CORPORATION AS CFO
LOS ANGELES--Dec. 4, 2000--Flexxtech Corporation (the "Company")(OTC:FLXT) announced today that Muhammad Arif Suteria has joined the Company as its Chief Financial Officer.
Suteria was initially retained in August of this year as a consultant to the Company in its acquisition of North Texas Circuit Board Company, a Grand Prairie, Texas based quick-turn circuit board manufacturer.
Suteria brings with him over 14 years of high-level accounting and auditing experience. Prior to joining Flexxtech, Suteria was a Chartered Accountant from the Institute of Chartered Accountants of Pakistan. He served as the Manager of Finance of Akhai Pharmaceuticals from 1997 and from Sept. 1992 through Sept. 1994.
At Akhai, Suteria managed the finance and accounting department for six firms and supervised 15 persons. From 1994 to 1997 he served as the Chief Accountant for Aga Khan Cultural Service Pakistan. From 1986 through 1992, Suteria served in various positions from Audit Trainee to Manager of Tax with Sidat Hyder Qamar Maqboo & Co. Chartered Accountants, representing Andersen Worldwide, SC in Pakistan.
Greg Mardock, President of Flexxtech Corporation, stated, "Mr. Suteria is a highly capable and motivated person. We believe he is a valuable asset to the company. We have been searching for a CFO with strong ethics, a strong desire to succeed, and someone who is connected to markets overseas.
"With a significant amount of the world's technology being developed in the Far East, it is essential for us to pierce this market. Mr. Suteria not only brings with him outstanding accounting and management abilities, but the ability to bring to the Company through his contacts, new and exciting opportunities that otherwise would not be available to us."
About Flexxtech Corporation
Flexxtech Corporation's (OTC:FLXT) investment objective is to build a $2 billion holding company in the next three years by developing, operating, and investing primarily in emerging growth technology companies and those companies positioned to benefit from the growth of the Internet and the intranet.
The Company's strategy supports and also promotes opportunities for investment in undervalued situations and synergistic business relationships among the companies in which it has investments.
Flexxtech through its wholly owned subsidiary Flexxtech Holdings, Inc. currently owns 100% of Mardock, Inc.; 80% of Primavera Corporation, the parent company of North Texas Circuit Board Co., Inc.; 82% of OpiTV.com, and large minority ownership in Accesspoint Corporation (OTCBB:ASAP), and Ameri-First Financial Services, Inc. (OTCBB:AMFR).
Additional information on Flexxtech can be viewed at its Web site at: www.flexxtech.com.
This release contains forward-looking statements within the meaning of Section 27a of the Securities Act of 1933, as amended and section 21e of the Securities and Exchange Act of 1934, as amended. Those statements include the intent, belief or current expectations of the company and its management team. Prospective investors are cautioned that any such forward looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Accomplishing the strategy described herein is significantly dependent upon numerous factors, many that are not in management's control. Some of these factors include the ability of the company to raise sufficient capital, attract qualified management, attract new customers and effectively compete against similar companies.
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BUSINESS CONTACT: Flexxtech Corp.
Greg Mardock, 310/342-0794
MEDIA CONTACT: Luminary Ventures
Larry Donizetti, 727/934-6761
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