Formare Technica, Ltd. Sees Sharp Rise in Q1 03 Sales

In what could be a positive indicator for the nation's technology sector Formare Technica, Ltd. has seen a sharp rise in its Q1 2003 sales. Formare Technica provides consultative design and project management for telecommunication, communication and audio/video systems for a broad range of clients in diverse markets such as Heath Care, Education, Commercial, Industrial and Residential primarily within the United States.

"We believe many of our clients' executive staff have reached the realization that withholding IT budget dollars to help facilitate an improved bottom line is now becoming a hindrance to productivity and thus having the reverse of the effect intended," says James C. Waddell, CEO of Formare Technica, Ltd.

Many corporations looked to reduced IT spending to help curb the net effect of reduced revenues during the start of the current recession. With technology upgrades and enhancements placed on hold, these same companies are finding that the technology infrastructure they rely so heavily on is becoming the largest challenge to increasing productivity. As the markets continue to stabilize, many companies are finding it difficult to do more with less personnel. Many corporations are now revitalizing their technology plans to gain this needed increase in production.

Formare Technica, Ltd. is a leading professional engineering and consulting firm specializing in communication system technology. They provide services that directly impact the revenues of ILECs such as Verizon Communications (VZ), BellSouth (BLS) and SBC Communications (SBC) and manufactures such as Hewlett-Packard (HPQ), Cisco Systems (CSCO), Oracle (ORCL), Juniper Networks (JNPR), Lucent Technologies (LU), Nortel Networks (NT), Applied Materials (AMAT) and EMC (EMC).

For more information contact:

Antoni Caponetti of Formare Technica, Ltd.
Tel: 503-345-9260
Internet: public.relations@formare-technica.com