1st Net Technologies Appoints Larry K. Kimball as New Company CFO.SAN DIEGO--(BUSINESS WIRE)--May 19, 1999-- 1st Net Technologies, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:FNTT), a Colorado corporation, announced today that it has appointed Mr. Larry K. Kimball as its Chief Financial Officer. Mr. Kimball brings over 20 years of senior operations management and finance experience from the information technology and customer service industries. Prior to joining 1st Net Technologies, Mr. Kimball was Principal of a management advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal firm that focused on developing investor-specific business plans and documentation, raising capital, due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. , turnaround strategy and implementation, business opportunity analysis, and market development for start-up and emerging growth companies. Mr. Kimball has been Chief Financial Officer and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. for businesses ranging from start-up and emerging growth companies to a diversified conglomerate with 1,100 employees and assets of $325 million. He served as Chief Operating Officer and Chief Financial Officer of Lanai Lanai (lənī`), island, 141 sq mi (365 sq km), central Hawaii, W of Maui island across the Auau Channel; Mt. Lanaihale (3,370 ft/1,027 m) is the island's highest point. For many years the island was used for sugarcane raising and cattle grazing. Company, Inc. (NYSE NYSE See: New York Stock Exchange :CCS (1) (Common Channel Signaling) A communications system in which one channel is used for signaling and different channels are used for voice/data transmission. Signaling System 7 (SS7) is a CCS system, also known as CCS7. See SS7. ), the parent company that owns the Hawaiian island of Lanai and runs several world-class resorts and luxury hotels. He has also been responsible for public company reporting and compliance, including 10Ks and 10Qs. Over the course of his career, Mr. Kimball has led a strategic planning initiative to increase revenue growth and profitability, and has re-engineered financial reporting systems for seven corporate entities. He has also initiated, negotiated, and concluded joint-venture agreements and dispositions of various ancillary operations. Gregory D. Writer, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of 1st Net Technologies, said, "Larry Kimball is a first-class executive. His experience and leadership, as well as his organizational and financial expertise will prove invaluable as we build 1st Net and its subsidiaries into a preeminent provider of enabling technologies and innovative services to the growing Internet community. We are proud that he has joined 1st Net Technologies' team, and we look forward to the opportunity of working with him." About 1st Net Technologies, Inc. 1st Net is an Internet products company specializing in enabling core technologies. These technologies support a new paradigm New Paradigm In the investing world, a totally new way of doing things that has a huge effect on business. Notes: The word "paradigm" is defined as a pattern or model, and it has been used in science to refer to a theoretical framework. pioneered by 1st Net called "Content Based Routing and Delivery" to control and monitor information, telephony and video services in a single platform. 1st Net also delivers innovative services for publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. , and high net worth investors: -- Services for publicly traded companies include Corporate Due Diligence Web Sites, Custom Database Systems Management, and E-Marketing. -- Services for high net worth investors include Online Financial Information Resources, including Financial Newsletters and Investment Opportunity Profiling. Note: News releases and other information on 1ST NET TECHNOLOGIES, INC. can be accessed at http://www.1stnettech.com on the Internet The foregoing press release may include numerous forward-looking statements concerning the Company's business and future prospects and other similar statements that do not concern matters of historical fact. The federal securities laws provide a limited "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " for certain forward-looking statements. Forward-looking statements in this press release relating to product development, business prospects and development of a commercial market for technological advances are based on the company's current expectations. The company's current expectations are subject to all of the uncertainties and risks customarily associated with new business ventures including, but not limited to, market conditions, successful product development and acceptance, competition and overall economic conditions, as well as the risk of adverse regulatory actions. The company's actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on forward-looking statements. The company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or for any other reason. |
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