20/20 Networks Inc. Appoints Mergers and Acquisition Specialist Scott A. Ervin as President and CEO.Business Editors LAS VEGAS--(BUSINESS WIRE)--Nov. 25, 2003 20/20 Networks Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: TWNK) announced today the appointment of Scott A. Ervin as its president and chief executive officer. Ervin is a seasoned businessman with extensive investment banking experience. As the new president of 20/20 Networks Inc., Ervin will be leading a team of merger-acquisition specialists. Ervin stated, "We have a great opportunity to become a leader in the restructuring of both early development companies and small cap companies for the benefit of our shareholders. We have already targeted a niche player in the medical waste disposal market. Negotiations are underway to conclude a merger before the end of the year. The medical waste technology generates income and opportunities for licensing. Using microwave technology, the new company is environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] which gives it an advantage over competitors in the medical waste industry who rely upon burning or chemical applications. "As president and 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. , I will continue to look for niche opportunities in a number of industries, not just in the technology sector. To me, 'balanced performance' means running on all income-producing cylinders throughout every level of the company." Ervin, 58, previously acted as rental manager for the 21-building complex known as the Rockefeller Center Rockefeller Center, complex of buildings in central Manhattan, New York City, between 48th and 51st streets and Fifth Ave. and the Ave. of the Americas (Sixth Ave.). The project was sponsored by John D. Rockefeller, Jr. in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . Supervising a staff of 18, Ervin oversaw the rental and development department of Rockefeller Center, which was a major income producer. Joining Fisher Brothers, Ervin negotiated leases for Class A properties in corporate office buildings in Manhattan. Ervin was recruited by the president of The First Boston First Boston Corporation was a New York-based investment bank, founded in 1932 and acquired by Credit Suisse in 1988, when it became 'CS First Boston'. Globally referred to as Credit Suisse First Boston after 1996, the First Boston part of the name was phased out in 2006. Corp. (now known as Credit Suisse/First Boston) as an executive vice president in internal and global real estate projects. Working with a team of 85 real estate professionals, Ervin helped to create 10 million square feet of office, retail and industrial space in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and 8 million square feet in the London market. In 1990, Ervin formed his own consulting company Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee consulting firm business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , Greenwich Technology Corp., with offices in Henderson, Nev., assisting a broad spectrum of clients in building and maintaining liquidity and market value. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This press release contains "forward-looking" statements as that term is defined by Section 27A of the Securities Act of 1933, as amended, (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended, (the "Exchange Act"). All statements that are included in this press release other than statements of historical fact are "forward-looking" statements. Although management believes that the expectations reflecting in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward-looking statements contained in this press release. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion