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Into the Technology Space Enters a New East African Star: Announcing the Launch of ModernETH, Based in Addis Ababa, Ethiopia


NEW YORK--(BUSINESS WIRE)--Nov. 26, 2007--Manny Amare, president and co-founder of Altour Management Technology (AMT), has recently announced the launch of a new technology-focused company, MODETH IT Outsource, PLC (ModernETH). Based in Addis Ababa, Ethiopia, with offices in London and the United States, the vision of ModernETH is two-fold: to provide technological services in Ethiopia, as well ascapitalize on the cost-effective, off-shore delivery service model for clients based in the UK and U.S., including those of AMT.

Within the Ethiopian market, ModernETH is dedicated to providing informational, agricultural and import/export technology services. Using information technology solutions, ModernETH aims to help Ethiopian businesses operate at optimal performance by streamlining strategic technology planning, architecture, engineering and provisioning. Innovations via agricultural technology will look to facilitate the modernization of Ethiopia's agricultural system, allowing Ethiopian farmers, processors and traders to become more
competitive in the marketplace. Finally, import/export technology via ModernETH's partners will enhance and improve the trade flow of Ethiopia's trade organizations.

"The task of facilitating the modernization of Ethiopia's technological extension system is far beyond the capabilities of a single institution," said Manny Amare, managing partner of ModernETH. "We plan to function as a pace-setter for the industry, developing system designs and models of professional activities. Our hope is to encourage new entrants into the field, thereby fostering further innovation in Ethiopia."

Manny brings over a decade of hands-on technology services experience to ModernETH. As co-founder and president of AMT, the New York-based information technology company, Manny is a proud member of the leadership team that saw ALTOUR become a leading global travel company, ranking among the top travel agencies in the U.S. with sales exceeding $500 million. The launch of Ethiopia-based ModernETH marks
the realization of a lifelong dream for Manny and reflects the confidence of the investor group backing the effort.

The ModernETH senior management team also includes Jacek Lewandowski, director of distributed systems for City University of New York, who holds advanced graduate degrees in computer science and electrical and electronics engineering. To this project Jacek brings extensive experience in the creation and development of broad-based solutions for information technology, specializing in virtualized tiered storage, fiber channel technologies, highly-available clustered systems, large-scale multi-processing, business continuity and
disaster prevention.

A Board of Advisors for ModernETH includes such industry leaders as Alexandre Chemla, founder and owner and Barry Noskeau, executive
vice president of ALTOUR.
For more information, please visit www.ModernETH.com.

CONTACT: ModernETH
Manny Amare, 212-897-5152
Info@ModernETH.com

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