UPDATE: ProgramTechs is "Spinning Off" its Internet Technologies Division and creating a new company called "SEOTECHS" to prepare for massive growth potential.

Here is some very exciting news for shareholders and investors. The ProgramTechs Company is in the process of spinning off its Internet Search Engine Technologies Division to form a new company. The newly formed company will be dedicated exclusively to the our present and future Internet Search Engine Technologies products and services.  

The newly formed company will be called "SEOTECHS" and is anticipated to have a $31.5 MILLION PRIVATE PLACEMENT OF COMMON STOCK for working capital and expansion purposes.

Sales of approximately 14 million shares of "SEOTECHS" common stock will be offered to institutional and private accredited investors.  The stock is anticipated to be priced at $2.25 per share.  Following this private placement,  the newly formed company will have a total of only 20.2 million shares outstanding. 

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News Release:

During an interview with investors Kirk Larson, ProgramTechs Chief Executive Officer, commented, "Spinning OFF the Search Engine Division combined with the infusion of capital investments from a private placement is in the best interest of current and future shareholders.

The formation of the new company "SEOTECHS" will greatly accelerate the growth of our current and future Search Engine product line, which will allow us to compete directly with the larger companies such as Google, Yahoo and Microsoft. Clearly the establishment of a very focused company will enable us to rollout our Search Engine products and services much quicker. This will result in the capturing of a large portion of the internet market shares much faster and with higher profit potential. 

Concentrating efforts on the MySeeks product line strengths will help make the new Company "SEOTECHS" a top competitor in the very profitable Search Engine Markets.  This infusion of capital and the formation of the new company will also help us take full advantage of the opportunities that search engine markets will offer in the future."

"We were originally estimating a stock offering of 7 million shares at $2.25 per share. However, due to the overwhelming response to a possible stock offering from you, and Bill Gates' recent announcement on May, 4th 2006 that Microsoft is going to begin investing an enormous amount of money into the Internet search engine Industry.

Its now possible to accomplish so much more with additional funding since SEOTECHS products are already positioned to capitalize on the Internet Search Engine Business. Therefore we will be increasing the size of the SEOTECHS initial private placement stock offering by several million shares, while continuing keeping the price per share to a minimum.

Again, we are very pleased to received your continuing support as our valued investors and we are looking forward to add additional accredited investors who recognize the tremendous profit potential for SEOTECHS shareholders in the future." 

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This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the security laws of any such state.  Any offering of the Company's stock under the will be made only by means of a completely prospectus and disclosure agreement.

The SEOTECH Company is a designer of new and improved  technology solutions of the Internet and Ecommerce markets.  The Company has just released several new patent pending products  including there MySeeks branded search engine browser and tool bar combination which has started  capturing market shares from its competitor companies: Google, Yahoo and the Microsoft Corporation. The Company is headquartered in Minnesota.

The SEOTECHS' Company Search Engine Technologies serves as markets for Search Engines, Web Browsers, Toolbars, Search Boxes, Pay Per Click (PPC) Marketing systems and other specialized Internet applications.

 The Company's Search Engine Technologies comprises several product lines, including:

•    The MySeeks Search Engine, Toolbar and tracking system. 

•    A patented pending new Internet Search technology yet to be released.

•    A patented pending New Internet Marketing Technologies under testing.

•    SEO Optimization Services:         

• Statements contained in this press release regarding consideration  the private offering and the potential for the Company's businesses and products are forward-looking statements.  Actual results could differ from those statements as a result of a wide variety of factors.  Such factors include, but are not limited to…

• The Company's ability to obtain effectiveness of the registration statement which will be filed with the U.S. Securities and Exchange Commission, and to meet other conditions to closing the private placement;

• Successful marketing  of the MySeeks Search Engine Products by the Company and the effects of technology that may be developed by competitors; Customer response to MySeeks new technologies products and services, and general conditions in our target markets (such as Search Engines, Toolbars, Desktop Browsers and search box affiliate programs)

•       The availability of financing for international market expansion of our search engine technologies.

•       The growth rate of demand for advanced internet technologies and services.

•       The availability of sufficient additional credit or other financing, on acceptable terms, to support the Company's expected growth.

Additional relevant factors and risks are identified in the Company's Disclosure Statement and Private Placement Memorandum.

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