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724 Solutions Appoints Stephen Morrison as CFO & SVP Corporate Services.


SANTA BARBARA, Calif. -- 724 Solutions (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:SVNX)(TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
:SVN SVN Subversion (version control system)
SVN Slovenia (international traffic code)
SVN Social Venture Network
SVN South Vietnam
SVN Secure Virtual Network
SVN Supervised Visitation Network
), a leading provider of next-generation, IP-based network and data services today announced the appointment of Stephen Morrison as Chief Financial Officer and Senior Vice President Corporate Services, effective immediately. Mr. Morrison will be replacing Glenn Barrett, who will be leaving 724 Solutions effective February 15, 2006, to spend more time with his family.

Mr. Morrison, a Certified Management Accountant This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.
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 with 11 years' experience in global finance and corporate control, has been the company's corporate controller for the past three years. In March 2001, Mr. Morrison joined 724 Solutions in Hong Kong as Director of Finance for the Asia Pacific and EMEA (Europe, Middle East, Africa) Refers to that region of the world. For example, one might see products packaged differently for the UK, EMEA and Asia Pacific markets.  regions. Prior to joining 724 Solutions, he held positions in finance and strategic alliances at Emergis (formerly BCE BCE
abbr.
1. Bachelor of Chemical Engineering

2. Bachelor of Civil Engineering



BCE

Abbreviation for before the Common Era.
 Emergis). Mr. Morrison holds an MBA from the Richard Ivey School of Business The Richard Ivey School of Business is a business school in Canada. It is affiliated with The University of Western Ontario, and located on the university's campus in London, Ontario, midway between Toronto and Detroit.  at the University of Western Ontario Western is one of Canada's leading universities, ranked #1 in the Globe and Mail University Report Card 2005 for overall quality of education.[2] It ranked #3 among medical-doctoral level universities according to Maclean's Magazine 2005 University Rankings. , as well as an undergraduate degree in administrative and commercial studies from the University of Western Ontario.

"Stephen has been a key member of the Company's finance team since 2001, and I look forward to working more closely with him and leveraging his global experience and corporate control expertise in this expanded role," said John Sims, Chief Executive Officer of 724 Solutions. "Glenn has reached a point in his life where he would like to spend more quality time with his family, and on behalf of the Board of Directors, management team and employees, we wish him well and would like to thank him for his leadership during the past few years as we repositioned and restructured the Company."

About 724 Solutions

724 Solutions (NASDAQ:SVNX)(TSX:SVN) delivers reliable, scalable technology and solutions that allow mobile network operators and virtual network operators to rapidly deploy flexible and open next-generation, IP-based network and data services. The company's solutions enable the Unwired Lifestyle(TM), 724's vision of how people will use mobile data services to enhance and enrich their professional and private lives with services relevant to their specific needs, with user communities preserved across generations of technology and with data services as reliable as voice. 724 Solutions is a global company with development operations in Canada and Switzerland and with its corporate office in Santa Barbara. For more information, visit www.724.com.
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 29, 2005
Words:380
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