Omatek Eyes More Income from Diversification

10 Dec 2012

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MD,  Omatek Ventures Plc, Mrs. Florence Seriki

The Managing Director/Chief Executive Officer of Omatek Ventures Plc, Mrs. Florence Seriki, has assured shareholders and other stakeholders of the company’s commitment to deliver good returns on their investments in the years ahead.

Speaking last week at its new factory site in Ikeja, Lagos, Seriki disclosed that the firm had put in place initiatives and strategies that would boost its earnings. According to her, apart from being the first company to produce computers from completely knocked down (CKD) processes, Omatek has diversified into the provision of 24-hour energy solution.

She said:“The good news is that we have a lot of new things in store for our shareholders, and we can assure you all that your company would begin to turn in more impressive performance in the coming months. We have put things in place and introduced new products that would attract more investors into the business. Our factory, which is fully equipped, is a pioneer in the production of completely knocked down processes, and is involved in the production of Omatek brands of casings, speakers, computers and notebooks, with its locations in Nigeria and Ghana.”

“Also your company has pioneered the 24 hour Alternate Power Solution, using Solar, UPS/inverter, battery, Led Bulb Hybrid and providing 24-hour lighting with no generator or diesel; whilst reducing power and energy consumption by 85 per cent.”

According to her, before now Omatek has been involved in the massive production of computers for both the Nigerian and Ghana governments under the Omatek e-Xpress Consumer Scheme Initiative that assisted public servants, teachers, lecturers and students to own computers with ease while paying over a period of time.

Seriki said but for the financial crisis, which stopped funding by local banks, the company would have gone far in its diversification and expansion programme.
He explained that the company funded most of its production from its internally generated earnings. She however, assured the shareholders that they would soon begin to reap the benefits of investment and diversification.

Tags: Nigeria, Featured, Business, Omatek Ventures Plc, Florence Seriki

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