Vancouver, BC, July 29, 2014 - GTO Resources (CSE:GTR) is one of the latest new listings on the Canadian Securities Exchange. Concurrent with its new CSE listing, the company has de-listed from the TSX Venture Exchange.
InvestmentPitch.com has produced a "video news alert (http://www.investmentpitch.com/video/0_x4e9uovk/GTO-Resources-CSE-GTR-New-Listing)" which provides a brief overview of the company. If this link is not enabled, please visit www.InvestmentPitch.com (http://www.InvestmentPitch.com) and enter "GTO Resources" in the search box.
The company has completed the acquisition of ACL Computers and Software, located in Maryland, USA, and anticipates changing its name to Velocity Tech Inc. and will be obtaining a new trading symbol.
To acquire ACL Computers, the company issued 72 million shares at a deemed value of $0.05. ACL was incorporated on February 15, 1994 and provides a wide range of technology integration solutions, principally to major United States government contractors such as Lockheed Martin and Boeing, among many others.
ACL is one of only 30 Tier 1 Resellers authorized to buy MCM products directly from the manufacturer or distributor. All resellers that are Tier 2 or lower are required to purchase directly from an MCM Tier 1 reseller such as ACL. Shortly after acquiring the Tier 1 status, ACL won two MCM contracts with a combined value of over $16 million in revenue and is actively pursuing many other new opportunities.
The shares are currently trading at $0.11 and with 95.8 million shares outstanding the company is capitalized at $10.5 million.
For more information, please visit the company's website, http://vit.technology/ (http://vit.technology/) or contact Adam Radly, President & CEO at 1-800-416-5934 or by email at adam@s7group.com (mailto:adam@s7group.com).
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