NEWPORT BEACH, CA--(MARKET WIRE)--Feb 21, 2006 -- Amazing Technologies Corp. (Other OTC:AZTN.PK - News) a fully reporting US public company that acquires, supplies and integrates real-time software solutions for the SMB market, announced today that it has signed a Letter of Intent to acquire a sophisticated e-commerce platform from an Australian based software developer.

ADVERTISEMENT

"We are extremely excited to add a comprehensive e-commerce engine and web publishing platform to our portfolio of solutions," said J. Bradley Hall, CEO of Amazing Technologies. "This acquisition is another clear validation of our business model and we expect to be making similar announcements in the near future."

John Gainor, VP of Business Development at Amazing, observed, "Our goal is to continually expand our global footprint of JD Edwards resellers and then supply them with compelling, margin expanding tools like this. Customers are ultimately the big winners as shrewd observers of the SMB marketplace will recognize this software solution as a cost effective alternative to Intershop."

Simon Arkell, President of Amazing, noted, "This is another great example of our ability to uncover those undiscovered gems that are out there. We have an increasingly robust ability to put solutions like this into our global distribution network and in this circumstance help the original developers generate a return on their $5 million R&D investment."

About Amazing Technologies:

Founded in 2004, Amazing Technologies Corp. is an aggressive 'second buyer' of venture backed vertical silo software publishers and successful regional, niche software companies that can be positioned as complementary plug and play add-ons to existing JD Edwards ERP solutions. The company is focused on fully developed, customer validated products that have not reached any critical mass of customer traction. Amazing is also an acquirer of established resellers in the global JD Edwards reseller and integrator channel.

"Amazing" is a trademark of Amazing Technologies Corp. and may be registered in certain jurisdictions. This release contains "forward-looking statements." Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes" or statements indicating certain actions "may," "could" or "might" occur.

     For further information please contact:
     J. Bradley Hall
     Chief Executive Officer
     Amazing Technologies Corp.
     949 706 7845 x11
     Email Contact
     http://www.amazingca.com/
      
     Investor relations:
     Marlon Nurse
     Vice President
     Porter, LeVay & Rose, Inc.
     7 Penn Plaza
     New York, NY 10001
     212-564-4700