ATM/Intrac Announces Senior Management Changes; CEO Thomas Settineri Adds Role of Chairman; Gary Levi Named President and COO.Business Editors/High Tech Writers NEW YORK--(BUSINESS WIRE)--Oct. 25, 2000 ATM/Intrac, subsidiaries of WorldWide Web NetworX Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : WWWX), today announced that Thomas Settineri, current Chief Executive Officer of ATM/Intrac, has been named Chairman of the Board. He retains his position as 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. . The company also announced that Gary Levi, ATM/Intrac Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , has added the role of President to his current duties. Warren Rothstein, former Chairman of ATM/Intrac, has resigned from his position with the company to return to the presidency of his own private company. He has also relinquished re·lin·quish tr.v. re·lin·quished, re·lin·quish·ing, re·lin·quish·es 1. To retire from; give up or abandon. 2. To put aside or desist from (something practiced, professed, or intended). 3. his ownership position in ATM/Intrac. Mr. Rothstein will continue to work with ATM/Intrac in areas that provide mutual benefit. "Thomas and Gary have been instrumental in the recent evolution of WorldWide Web NetworX and will play key roles in the growth of our business. Warren has been a valued member of our company and as a founder has made many significant contributions. We wish him all the best in his future endeavors," said Carol C. Knauff, Chairman, President, and Chief Executive Officer of WorldWide Web NetworX Corp. "With Tom's and Gary's leadership at the helm of ATM/Intrac, WorldWide Web NetworX is strongly positioned for the future as we look to expand our business and enhance shareholder value." Mr. Settineri has been CEO of Intrac since 1991 and CEO of ATM since 1999. Prior to ATM/Intrac, Settineri was president and COO of a privately held New York-based company, which was involved in marketing solutions and asset management programs. Mr. Levi, one of the founders of Intrac, has served as COO of ATM/Intrac since 1999. He has held senior positions with various governmental and public policy agencies, including the 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. Environmental Protection Administration, the New York City Department of Sanitation sanitation: see plumbing; sanitary science. and the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Department of State. Levi has also served in various executive roles with Glenmore Distillers and MBC (Multimedia Benchmark Committee) A graphics benchmark that provides MPEG-2 and other tests. See GPC. Beverage. The new board of ATM/Intrac will include Settineri, Levi, Knauff and Bruce Richardson. Mr. Richardson has more than 25 years of experience in computing and telecommunications with AT&T, where, most recently, he helped to create and deploy AT&T Solutions, AT&T's network consulting, system's integration and network outsourcing businesses. The board of WorldWide Web NetworX will be unaffected by the change in management at ATM/Intrac. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : Statements contained in this press release, which are not historical facts, are forward-looking statements. Such forward-looking statements are necessary estimates regarding the best judgement of the party making such statements based upon current information and involve a number of risks and uncertainties. Forward-looking statements contained in this press release or in other public statements of the parties should be considered in light of those factors. There can be no assurances that such factors or other factors will affect the accuracy of such forward-looking statements. |
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