Omatek, the first computer company to be listed on the floor of the Nigerian Stock Exchange, shortly, after it exited the SME scheme, last Tuesday presented its facts behind the figures to stock brokers in Lagos with a proposed divided of N174 million.

With a turnover of N2 billion and a profit before tax of N356million, Omatek's investors have been excited by the cheering result even as the computer firm has slated its first annual general meeting (AGM) in December 2009, for the year ended June 2009.

Since the listing of its shares on the stock market, Omatek has continued to make steady strides, having entrenched its footprints on the sands of time.

Since listing on the NSE, high expectations have continued to trail the indigenous computer company's performance, even as industry watchers predict better accomplishments owing to its aggressive sales and marketing strategies.

According to the Group Managing Director, Omatek Ventures Plc, Mrs. Florence Seriki, the company has made in-roads to other diversified business interest.

"Omatek is known for its introduction of innovative products/solutions and as should be commended for the way it has continued to mange growth over the years.

"Apart from laptops, desktops and home entertainment products, Omatek has also diversified into power inverter hybrid solutions and has also introduced its e-learning initiative launched in Abuja this year by the Minister of Education Dr. Sam Egwu to provide a platform and ensure that information and communication technology tools are deployed to schools and classrooms under a carefully structured learning environment equipped with Internet connectivity to create a virtual connection between students and teachers?

Seriki said that Omatek has provided wi-mat technology in several locations under its express consumer scheme which has empowered many Nigerians, Ghanaians and indeed Africans to acquire computers through an easy and convenient means with payment spread over 24 months."

Sunday Champion gathered that Omatek has also provided resource centers in most of the higher institutions in Nigeria, while its channel partners/franchise are spread across the nation.

Seriki also said that Omatek recently s cored another first with the launch of the Omatek Handtop PC, the smallest desktop Pc in the world which was the toast of visitors at the last International Telecommunications Union (ITU) World Exhibition, 2009 in Geneva, Switzerland.

The managing director said that Omatek has grown into a group of companies with the establishment of some subsidiaries.

"Omatek ventures plc has therefore become the holding company for Omatek Computers Limited, Omatek Computers (Ghana) Limited, Omatek Ventures (Ghana) Limited, Omatek Engineering Services Limited and Omatek Ventures Distribution Limited".

Owing to the successful launch of Omatek brand of computers and the increasing of computers and the increasing demand for the products the company further diversified its base and commenced the production of computers and other components from completely knocked down (CKD) parts thus making Omatek the first factory in Africa to produce computer casing from CKD, the assembling of computers and notebooks also from CKD. The company further graduated into buying component parts from seasoned first class manufacturers that produce for other foreign brands" Seriki stated.

Omatek computers originally started as a training outfit and progressed into executive training for bank executives and gas sector. The transaction continued and in 1990 Omatek Venture Limited as the company was then known became a vendor of some of the world-class computers.

In 2003, Omatek embarked on a Joint Venture under the SME is scheme set up by the Obasanjo administration which it exited. In order to maintain the high quality of its products while also meeting up with the minimum order quantity requirement from the first class manufacturers of computer components, Omatek ensured that it raised the required capital through private placement and subsequently got listed on the stock market.