SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES
EXCHANGE ACT OF 1934
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AMTEC, INC.
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(Name of Registrant as Specified in its Charter)
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FINANCIAL CONTACT FINANCIAL RELATIONS
Karin-Joyce Tjon Cameron Associates Inc.
Executive Vice President Kevin McGrath
212.319.9160 212.245.4577
E-mail: ktjon@amtec-inc.com kevin@cameronassoc.com
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Webpage: www.amtec-inc.com
AMTEC SPECIAL SHAREHOLDERS MEETING
TO APPROVE PENDING TERREMARK MERGER
SCHEDULED FOR APRIL 28
New York, NY - March 23, 2000 - AmTec, Inc. (Amex: ATC), an international
telecommunications and Internet services company, today announced that it has
scheduled a special shareholders meeting to approve its pending merger with
Terremark Holdings, Inc. and related transactions for April 28, 2000 at 10:00
a.m. in New York City at the Waldorf Astoria Hotel. AmTec expects to mail
the proxy to shareholders on or about March 27, 2000. AmTec's Board of
Directors previously approved the merger with Terremark Holdings, Inc. on
November 24, 1999.
Terremark is already proceeding with the implementation of its
telecommunications/real estate strategy with its recently announced
acquisition of Telecom Routing Exchange Developers, Inc. ("T-REX"), a
facilities provider to the telecommunications industry.
AmTec, Inc. is an international telecommunications services company that
provides voice, data and Internet telephony services through IP.com, a
partnership with Fusion Telecommunications International, and provides IP
fax and related services in Asia through IXS.NET. Terremark Holdings, Inc.
is a privately held, full service real estate and development company based
in Miami. Terremark's independent subsidiaries specialize in real estate
development, property management, brokerage, consulting, financing,
construction and condominium and hotel management.
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NOTE: Forward-looking statements in this press release are
necessarily subject to risks and uncertainties that may affect the accuracy
of such statement. Such risks may include any political instability in
China, any delays in construction of networks, and market acceptance of and
demand for the Company's products. For a discussion of such risks, please
refer to the Company's Form 10(K) files with the Securities and Exchange
Commission for the fiscal year ending March 31, 1999. The Company
undertakes no obligation to update such factors or to publicly announce the
results of any revisions to the forward-looking statements contained
herein. Investors and security holders of AmTec, Inc. are advised to read
the proxy statement regarding the AmTec and Terremark merger and related
transactions referenced in the foregoing information, when it becomes
available, because it will contain important information. Such proxy
statement will be filed with the Securities and Exchange Commission by
AmTec, Inc. Investors and security holders may obtain a free copy of the
proxy statement (when available) and other documents filed by AmTec, Inc.
at the Securities and Exchange Commission's website http://www.sec.gov The
proxy statement and such other documents may also be obtained from AmTec,
Inc. by directing such request to: Karin-Joyce Tjon, Corporate Secretary,
AmTec, Inc. 599 Lexington Avenue, 44th Floor, New York, NY 10022, tel.:
212-319-9160.