@pos.com Prepares for Next Phase of Growth With Two Executive Appointments.SUNNYVALE, Calif.--(BUSINESS WIRE)--Aug. 4, 1999-- @pos.com, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:EPOS (Electronic Point Of Sale) See point of sale. ), a leader in Web-enabling the point-of-sale (POS) and creator of ReceiptCity.com, an Internet consumer receipt vault, announced today that Jeffrey Embersits has assumed the position of Chief Financial Officer and Vice President of Operations. These positions were previously held by David Licurse, who will now serve as Chief Business Officer, a new position created by the company to meet its growing focus on strategic business development. These changes in the executive staff became effective July 26, 1999. Today's announcement follows @pos.com's recent announcement to reposition itself as an Internet services company with an integrated suite of Internet services and consumer Web portals. These new business offerings were introduced at a press conference held June 29, 1999 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. . "We are pleased to have Jeff Embersits join us at this time, when we are experiencing exciting growth in every area of our business," said Aziz Valliani, 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. of @pos.com. "His extensive international general management and finance experience in technology will help guide us in executing strategic business planning to increase shareholder value. His arrival also enables Dave Licurse to focus on strategic opportunities for @pos.com that advance our corporate objectives of establishing @pos.com as the market leader in bringing the power of the Internet to the point-of-sale and providing merchants with the secure storage of electronic receipts." "I am very excited to join @pos.com as we complete the transition from a hardware manufacturer to a provider of Internet-related software and services, " said Mr. Embersits. "Delivering advertising and promotions to the point-of-sale is a very valuable and practical application of Internet technology that no one is approaching in the same manner." "My focus will be on growing the business," said Mr. Licurse. "I will be looking to identify complementary business opportunities aligned with our new business model." Jeffrey Embersits has fifteen years of international general management experience. Before joining @pos.com, he was a Principal for six years at Shareholder Value Management, where he provided strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. , finance, and operations consultation to high technology companies, including Oracle and Siemens. From 1991 to 1993, he had responsibility at Siemens Corporation for Strategic Planning, Business Development, Controlling, and Mergers & Acquisitions. His other previous experience included working as a consultant with Marakon Associates and Arthur Andersen For the U.S. Supreme Court case commonly known as Arthur Andersen, see . Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms (the other four are PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG), performing , in Frankfurt, Germany. Mr. Embersits received his B.A. in German Language and Literature from Wesleyan University Wesleyan University, at Middletown, Conn.; coeducational; chartered and opened 1831. There are special cooperative study programs with the California Institute of Technology and the engineering department of Columbia Univ. and an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from IMD IMD - intermodulation distortion in Lausanne, Switzerland. David Licurse has served as CFO See Chief Financial Officer. and Vice President of Operations of @pos.com since 1995. In a high technology career spanning nearly three decades, Mr. Licurse served from 1972 to 1994 in various senior managerial positions with Xerox Corporation (company) XEROX Corporation - http://xerox.com/. See also XEROX PARC, XEROX Network Services. , including Financial Planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against and Analysis Manager for the company's manufacturing division, Controller for its computer strategic business unit, and Manager of Finance and Operations for a software division. He also served as CFO and Vice President of Operations at Inforite Corporation, which specialized in point-of-sale signature capture. Mr. Licurse holds an MBA from the Simon Business School at the University of Rochester The University of Rochester (UR) is a private, coeducational and nonsectarian research university located in Rochester, New York. The university is one of 62 elected members of the Association of American Universities. . About @pos.com @pos.com (OTC BB:EPOS), a leader in Web-enabling the point-of-sale, bridges the gap between the Internet and the physical, brick-and-mortar point-of-sale. @pos.com products and services are designed to help increase sales and build brand loyalty through effective, targeted marketing and advertising; reduce the costs associated with fraud; and enhance overall customer satisfaction. Leveraging the power of the Internet, @pos.com helps merchants create Web-based customer relationships and deliver a personalized shopping experience. It also provides secure storage of electronic receipts and transaction information via ReceiptCity.com and eReceipts. @pos.com was previously MobiNetix Systems, Inc. best known for its PenWare iPOS(TM) (interactive point-of-sale) terminals. Additional information is available at www.atpos.com, by sending an email to info@atpos.com, or by calling 408/524-4200. 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, 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.com. Note to Editors: PenWare, iPOS TC, ReceiptCity.com, and eReceipts are trademarks of @pos.com. All other products or company names mentioned are used for identification purposes only and may be trademarks or registered trademarks of their respective owners. |
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