ACT Teleconferencing Inc. names Harry Walls as president of ACT Teleconferencing Services subsidiary.GOLDEN, Colo.--(BUSINESS WIRE)--April 10, 1996--ACT Teleconferencing, Inc. (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 :ACTTU), an international provider of audio, data, and video teleconferencing See videoconferencing. products and services, today announced that Harry R. Walls was named President of ACT Teleconferencing Services, Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of ACT Teleconferencing, Inc. Walls joined the Company in January January: see month. . In making the announcement, Gerald D. Van Eeckhout, Chairman of ACT, stated, "We are delighted to add a person of Harry's caliber to the ACT management team." Walls had previously served as Vice President of Sales of ConferTech International, another teleconferencing company, during that company's eight year growth from $3.5 million to $50 million in revenues. "Harry and I worked together in the early years of that company, and I am confident Harry will provide similar management leadership for ACT," Van Eeckhout continued. The ACT Teleconferencing Services subsidiary provides high quality audio/data/video teleconferencing products and services in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Its parent company, ACT Teleconferencing, Inc., recently completed its initial public offering. Its Units trade on the Nasdaq Small Cap Market under the symbol ACTTU. CONTACT: ACT Teleconferencing Inc., Golden Gerald D. Van Eeckhout, 303/233-3500 |
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