Thursday, March 20, 2008

Omatek exits SME scheme

LEADING light in local manufacturing of computers and allied Information and Communications Technology (ICT), Omatek Computers Limited has successfully exited the Small and Medium Enterprises (SME) Scheme, even as it may head to the capital market before the end of this year.

Group Managing Director, Omatek Computers, Mrs. Florence Seriki who disclosed this said that the announcement brings to conclusion the SME synergy between her company and two leading banks in the country, GTBank Plc and Zenith Plc.

“We’re privileged to announce that we have finally exited SMEIS scheme with Zenith and GTBank,” she said.

While appreciating the management of the two banks for supporting Omatek over the years through the scheme, which lasted for about five years, Mrs. Seriki hinted that the next step of action is to continue sourcing for capital to sustain the gains made by the computer firm within the Omatek Group.

“We’re working to raise more capital to sustain the dream and too, the unique quality of products to make it happen and promise to the two banks to keep the flag flying,” Mrs. Seriki said.

She also said that the SME partnership was successful in the sense that through the support of Zenith and GTBank, Omatek Computers was able to achieve some remarkable feat of being Africa’s first Completely Knocked Down (CKD) factory.

She pointed out that after 21 years of setting the pace recognised both by the government and relevant agencies, Omatek has been accorded the pioneer status by the Nigerian Investment Promotion Council (NIPC).

This, Mrs. Seriki said, affords Omatek some incentives including tax relief.

“Our pioneer status was given to Omatek for completely doing all of her brands locally,” she declared, adding that the firm has opened about eight resource centres cum computer laboratories in tertiary institutions nationwide to serve as school labs and service centres to support Omatek brand Personal Computers.

Equally, she said that a new subsidiary has been formed; Omatek Power & Engineering Services Limited, which would manage all the back-up support for all Omatek brands from the resource centres to 600 VA Uninterrupted Power Supply (UPS) to 100KVA as well as batteries and inverters among others.

Today, she said, Omatek now shops for her raw materials globally from the same market with international brands like HP and Dell among others, but mostly in Asia.

“Its my pleasure to say that Omatek has hit over N1 billion turn over and is no longer SME,” she said.

After the plans to raise fund, she further said that hopefully, Omatek would go the capital market for that purposes.

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