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@pos Announces New VP Sales and Business Development; Expert on Internet payment transactions joins technology leader.


Business/Technology Editors

SAN JOSE San Jose, city, United States
San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850.
, Calif.--(BUSINESS WIRE)--May 7, 2001

@pos (www.atpos.com)(OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
 BB:EPOS (Electronic Point Of Sale) See point of sale. ), a technology licensing pioneer in web-enabling the point-of-sale (POS) and point-of-presence environments, today announced that Dennis Kraft has been appointed Vice President Sales and Business Development.

Kraft was most recently Vice President Business Development for InfoSpace, Inc./Prio, Inc., an ASP asp, popular name for several species of viper, one of which, the European asp (Vipera aspis), is native to S Europe. It is also a name for the Egyptian cobra (Naja haja).  in online promotions for wireless devices and web sites. As a member of the executive management team for Prio, Inc. he led an acquisition of the company by InfoSpace, which was completed in February 2000.

"Dennis is an outstanding business development leader with a proven track record for developing the potential of young companies," stated Llavan Fernando 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.  and CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey.  for @pos. "With the increasing interest in @pos' web-enabled technologies, Dennis is both a logical and significant addition to our management team. We wanted an individual with both extensive experience in building and managing business development programs and a proven ability to produce results."

"I am pleased to be joining such an innovative technology provider. @pos provides point-of-sale solutions to a number of the largest retail merchants in this country using its best of breed legacy technology. The opportunity to leverage that market position to establish leadership in high growth markets for new, yet related, technologies is extremely exciting," said Kraft.

Prior to InfoSpace/Prio, Kraft was Senior Vice President of Sales and Marketing for Suntech Processing Systems where he managed sales, marketing, product development and client support. As Senior Vice President of Sales for First USA Paymentech, Kraft helped transition the company from a regional to a national presence and into a leading credit card services The software support for PC Cards. PC Card applications talk to Card Services. See PC Card.  provider during his seven years with the company.

Kraft also served as Director of Commercial Services for Moneymaker EFT/ACS, where he had responsibility for creating and managing the Commercial EFT eft: see newt.


(Electronic Funds Transfer) The transfer of money from one account to another by computer. See ACH.

EFT - electronic funds transfer
 Services business division for the company. Prior to that he acted as Senior Consultant for Electronic Banking Systems where he was involved in the development of shared ATM/POS networks as they were initially being formed across the US.

With the expansion in the management team, some reorganization became possible. Kraft has assumed the domestic sales and business development responsibilities previously held by Jim Boyer. Boyer will continue with @pos as Vice President Marketing and International Sales and adds Operations to his responsibilities. With Boyer taking on Operations, Gary Rummelhoff continues as CFO See Chief Financial Officer.  and now has the opportunity to focus on this vital area.

About @pos

@pos (OTC BB:EPOS) is the pioneer in Web-enabling the point-of-sale and point-of-presence environments. @pos' technology allows its licensing partners and customers to utilize secure interactive transaction products for electronic signature capture, debit and credit payments, display advertisements, promotions, and surveys. For more information, see www.atpos.com, email to info@atpos.com, or call 408-468-5400.

Except for historical information contained herein, the matters set forth in this press release are forward looking statements that are subject to risks and uncertainties that could cause actual results to differ materially, including price and product competition, design acceptance by customers, financing constraints CONSTRAINTS - A language for solving constraints using value inference.

["CONSTRAINTS: A Language for Expressing Almost-Hierarchical Descriptions", G.J. Sussman et al, Artif Intell 14(1):1-39 (Aug 1980)].
, the ability to manufacture new products in sufficient volume, general economic conditions, and other risks as detailed from time to time in SEC reports and filings by @pos, Inc.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 7, 2001
Words:542
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