Advantego in Discussions with Major International Manufacturer

Denver, CO - (NewMediaWire) - November 21, 2018 - Advantego Corporation (OTCQB: ADGO) today announced preliminary discussions with a large international manufacturer to provide high-end product design and mass production capabilities of electrical components and systems as the Company expands its product and service offerings to its customers.

“We have identified significant business opportunities where we can leverage low-cost, high-quality products that can be turned around quickly and private-labeled for our customers,” Advantego CEO Robert W. (Rob) Ferguson said.  “We are very close to finalizing an agreement with our preferred manufacturing partner after much review,” he said.

“We see that a Strategic Alliance with a quality manufacturer of niche products can overcome many of the issues we see with emerging companies when they try to bring their special products to market on a profitable basis,” he pointed out.   

Ferguson also said: “In many cases this year, we identified opportunities in the digital communication and audiological world where a quality manufacturing partner could shore up universal design, manufacturing, quality control and scalability issues – should the need arise – not only for our Company, but also for our partners.  Being able to share resources through long-standing relationships is critical to any association, and we are committed to all our partners in this regard.”

Ferguson concluded: “We expect to finalize an international manufacturing agreement shortly.  This should facilitate the execution of several current definitive agreements as it relates to manufacturing, financing, distribution, sales and marketing that have been ongoing for the past several months.  It would also greatly enhance our prospects for developing new business in 2019.”

ABOUT ADVANTEGO CORPORATION

Advantego Corporation designs, develops and implements digital communications and intelligent software solutions as specialized Business Process as a Service (BPaaS).  The elite, custom business solutions are available to large enterprises, affiliate networks and franchise operations.  The Company also offers a variety of stand-alone products specific to targeted industries.  Company website: www.advantego.com.

FORWARD LOOKING STATEMENTS

This news release may contain forward-looking statements within the meaning of the Securities Act.  As a general matter, forward-looking statements may reflect our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business.  These statements may be identified using forward-looking terminology such as "may", "will", "expects", "plans", "estimates", "anticipates", "projects", "intends", "believes", "outlook” and similar expressions.  The forward-looking statements contained in this news release are based upon our historical performance, current plans, estimates, expectations and other factors we believe are appropriate under the circumstances.  The inclusion of this forward-looking information is inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated.  Future events and actual results, financial and otherwise, may differ materially from the results discussed in the forward-looking statements.  Statements regarding the following subjects, among others, may be forward-looking: our business and investment strategy; our projected operating results; estimates relating to our ability to make distributions to our stockholders in the future and economic trends.

CONTACT:

 

GREG McANDREWS & ASSOCIATES

Gregory A. McAndrews

(310) 804-7037

mcandrews_pr@hotmail.com
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