WorldTeq Updates Acquisition Plan

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,

[phone], or fax, [phone], 



Web site:  http://www.worldteqgroup.com/ 

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