WorldTeq Updates Acquisition Plan ROCKVILLE, Md., April 19 /PRNewswire-FirstCall/ -- WorldTeq Group International (OTC:WTEQ) (BULLETIN BOARD: WTEQ) plans to acquire Harbin Yinhai Technology Development Company Ltd. are progressing and anticipates the exchange of shares to occur shortly. The companies have completed their due diligence and are finalizing several items including shareholder consent and other customary closing conditions for this transaction. Jeff Lieberman, CEO of WorldTeq Group, states, "Shareholders will benefit upon closing this transaction as they will be an owner of two separate companies. Yinhai is merging with WorldTeq Group International, the parent company. WorldTeq Corporation is spinning off prior to this transaction and will be transferred to another public company. In addition to their shares of WorldTeq Group International, all shareholders of WorldTeq Group International, Inc. will receive the same number of shares in the new WorldTeq Corporation that they had in WorldTeq Group International." About Yinhai Yinhai is a commercial printing company located in Harbin, China, that primarily prints forms for use by banks. It has approximately 200 employees. The recently completed audit for Yinhai shows that the company had sales of $3,630,096 for 2004 compared to $2,284,991 for 2003. Gross Profit was $1,063,386 in 2004 versus $272,478 in 2003. Net profit was $566,834 in 2004 compared to $29,180 in 2003. Assets for Harbin totaled $3,949,095 in 2004 versus $2,299,245 in 2003. Liabilities were $328,435 for 2004 versus $356,530 during 2003. Cash position was $1,067,390 on Dec. 31, 2004 versus $258,305 for 2003. About WorldTeq Group WorldTeq Group offers a wide range of telecommunications, merchandising and financial services with related products via independent agents, associations, sales organizations and affiliate marketing. For more information visit the company's Web Site at http://www.worldteqgroup.com/. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by WorldTeq) contains statements that are forward-looking, such as statements relating to consummation of the transaction, anticipated future revenues of the companies and success of current product offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of WorldTeq Group International. DATASOURCE: WorldTeq Group International, Inc. CONTACT: Jeff Lieberman of WorldTeq Group International, +1-888-263-7776, or fax, +1-413-513-1260, Web site: http://www.worldteqgroup.com/

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