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ACT Teleconferencing Names Interim Chief Financial Officer; Company to Complete Global Financial Consolidation.


DENVER -- ACT Teleconferencing Inc. (Pink Sheets: ACTT ACTT n abbr (BRIT) (= Association of Cinematographic, Television and Allied Technicians) → sindicato de técnicos de cine y televisión )(ACT), a worldwide provider of audio, video and web-based conferencing products, today announced the appointment of Timothy M. Wood as Interim Chief Financial Officer. Mr. Wood will assist ACT to complete its restructuring initiatives and will work with the board of directors to find his permanent replacement. Bringing over thirty years of executive management experience, his expertise is restructuring financial operations to support optimal capital structures.

Most recently, he was CFO See Chief Financial Officer.  and Vice-President of Finance, as well as Director of Governance and Compliance for Manitowoc Company, Inc., an international multi-industry public company generating $1.7 billion annual revenue. Prior to that, Mr. Wood held several executive financial positions with both public and private companies, i.e., Redem Technologies, Inc., Burns International Services Corporation and Borg-Warner Corporation. A CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. , Mr. Wood's credentials also include working for Peat, Marwick, Mitchell and Co. He holds a bachelor's degree in accounting from the University of South Dakota Nomenclature
  • The abbreviation USD is the most widely used title of the school. (The University of San Diego also employs the same abbreviation.)
  • It is also often referred to as "the U" by locals.
  • "usd" is used only in Internet domain names.
 and has participated in the Advanced Management Program at Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. .

Gene Warren Gene Warren, Sr. (born 12 August 1916) won an Academy Award for the special effects on George Pal's The Time Machine in 1960. He also contributed to such projects as Land of the Lost, The Man From Atlantis and The Crow: City of Angels. , ACT 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 President, commented: "We are very pleased to have someone with Tim's experience and knowledge on our team. We look forward to his contribution to the management of the business as we continue to search for a permanent CFO."

Statements in this release that aren't historical facts may be forward-looking. Factors causing actual results to differ materially from those anticipated by forward-looking information include, but aren't limited to, future economic conditions, competitive services, pricing, new competitors, financing, service delivery under existing contracts and other factors. For a detailed description of factors that could cause such differences, see "Risk Factors" in ACT's Form 8-K Form 8-K

The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock.


Form 8-K

See 8-K.
 filed September 27, 2005, and the Company's other filings with the SEC. ACT disclaims any intention or obligation to update forward-looking statements, whether as a result of new information, future events or otherwise.

About ACT Teleconferencing

Established in 1990, ACT Teleconferencing, Inc. is a leading independent worldwide provider of audio, video and web-based conferencing products and services to corporations, educational organizations, and governments worldwide. ACT offers integrated global audio and videoconferencing platforms that provide uniform international services, customized billing, and local language services. The company's Internet address is: www.acttel.com.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 27, 2006
Words:370
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