AW Computer Systems, Inc. Restructures Board of Directors.MOUNT LAUREL, N.J.--(BUSINESS WIRE)--August 28, 1996--AW Computer Systems, Inc. (NASDAQ-NMS: AWCSA) today announced that effective immediately, the election of Frank Cappiello, Jr., Patricia Sunseri and Vincent Vidas to the Board of Directors and the subsequent resignation from the Board of Nick Ambrus, Mike Lutze, and Robert Hannon. Charles McMullin, Executive Vice President of AW, was appointed Chairman replacing the retired former Chairman, Nick Ambrus. Commenting on the event, Charles Welch, 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. , noted that the new Board of Directors consists of a majority of outside directors and brings together a highly competent and professional group to lead in rebuilding and restoring AW's operations, thereby capitalizing upon the Company's position as a leading Point-of-Sale ("POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale ") solution provider and innovator. Charles McMullin, Chairman, said, "The addition of these outstanding professionals to the Board is a key part of the Company's effort to turnaround its financial performance." Mr. McMullin provided background on the three new board members: Frank Cappiello, is an investment advisor and a well-known financial authority best known as a regular panelist of the television series "Wall $treet Week Wall $treet Week (W$W) was a respected, long-running investment news and information TV program broadcast weekly each Friday on PBS in the United States. It had a host (or hosts) and guest experts participating in discussions on the stock market and focused on with Louis Rukeyser". He is President of McCullough, Andrews & Cappiello, Inc., an investment counseling firm managing assets of $1.4 billion and Chairman of the Cappiello-Rushmore Funds. He is also a best selling author of several financial/investment books such as Frank Cappiello's New Guide to Finding the Next Superstock. Patricia Sunseri, is Vice President of Mylan Laboratories Inc., an industry leader engaged in the development, licensing, manufacturing, and marketing of generic and proprietary finished pharmaceutical and wound care products. Mylan Laboratories is a public company traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. capitalized at over $2 billion. Vincent Vidas, is co-founder, President and CEO of Semcor, Inc., headquartered in Mt. Laurel, New Jersey. Semcor is a multi-million dollar revenue technological engineering and management consulting firm with over 800 employees. Since 1973, AW Computer Systems, Inc. has provided point-of-sale system solutions to such major retailers as Winn-Dixie Stores, Inc.; The Kroger Company; Albertson's, Inc.; Federated Connected and treated as one. See federated database and federated directories. Department Stores; Ames Department Stores; Macy's; Safeway Stores; Bi-Lo, Inc.; Wal-Mart; Caldor, Inc., and The Hudson's Bay Company Hudson's Bay Company, corporation chartered (1670) by Charles II of England for the purpose of trade and settlement in the Hudson Bay region of North America and for exploration toward the discovery of the Northwest Passage to Asia. in Canada. Headquartered in Mount Laurel, New Jersey, AW is a Business Partner with the IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Corporation, a Solution Partner with NCR Corporation, a Microsoft. Solution Provider, and is cooperating with Fujitsu-ICL Systems, Inc. in providing point-of-sale compatibility solutions to major retailers. CONTACT: PDA (Personal Digital Assistant) A handheld computer for managing contacts, appointments and tasks. It typically includes a name and address database, calendar, to-do list and note taker, which are the functions in a personal information manager (see PIM). Associates (201) 543-4002 |
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