AcXess Names Technology Industry Pioneers Roderick Dowling and Traver Gruen-Kennedy to Board of Directors.-- 50 Years of Technology and Finance Expertise Enhance Leadership at Emerging Business Continuity Provider -- BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla. -- AcXess, Inc. (Other OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : INIV.PK), the first company to make FORTUNE 100-class business continuity and resilient application solutions affordable for small and medium-sized enterprises, announced today that Roderick Dowling, Chairman of SunTrust Robinson Humphrey, and Traver Gruen-Kennedy, Vice President of DayJet Corporation and former Chief Strategist at Citrix Systems Citrix Systems' (NASDAQ: CTXS) is an American technology company, based in Fort Lauderdale, Florida, with subsidiary operations in California and Massachusetts, with additional development centers in Australia, India and the UK. , have joined the firm's Board of Directors. With a combined portfolio of nearly 50 years of executive leadership, Dowling and Gruen-Kennedy further strengthen AcXess[R], Inc.'s mission to protect businesses from loss of operational capabilities and revenue during natural or man-made emergency situations. "AcXess is proud to welcome two of the technology industry's most accomplished and experienced leaders to our Board of Directors," said AcXess 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. Tony Zalenski. "Roderick Dowling and Traver Gruen-Kennedy have grown businesses into powerhouse leaders, pioneered new markets, and directed robust financial operations. Their combined talents will add immediate and long-term value to AcXess as we work to deliver the next generation of business continuity services to organizations across North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and the globe." "AcXess is not just an exciting company to be associated with, its solutions set the standard for a new generation of business continuity protections for the SME (1) (Small and Medium-sized Enterprise) See SMB. (2) (Subject Matter Expert) An individual who is well-versed in the policies and procedures of a particular department or division. marketplace," stated new board member Roderick Dowling. Traver Gruen-Kennedy said, "I am proud to be a part of AcXess and look forward to assisting the Board and company as it grows and prospers in the years ahead." Mr. Dowling and Mr. Gruen-Kennedy will assist the company with strategy, financial development, market analysis and product vision. Traver Gruen-Kennedy currently serves as Vice President of Community & Governmental Affairs for DayJet Corporation, a pioneer of "Per-Seat, On-Demand" jet service. Traver has more than 25 years of diverse experience in corporate strategy, strategic alliances and operations. A global technology leader, Traver is ranked by NetworkWorld (along with Bill Gates and Michael Dell) as one of the "25 Most Powerful People in Networking," and the World Economic Forum named him a Technology Pioneer for his contributions to technology and to society. Prior to DayJet he served in a variety of business and corporate development roles ultimately serving as chief strategist at Citrix Systems for 8 years, where he played a significant role in the company's post-IPO growth to become the world's 15th largest software company, included in the S&P 500 and Nasdaq 100 indices. Roderick Dowling is the Chairman of SunTrust Robinson Humphrey. He is a graduate of Fairfield University and Fordham University School of Law Fordham University School of Law (commonly known as Fordham Law or Fordham Law School) is a part of Fordham University in the United States. The School is located in the Borough of Manhattan in New York City, and is one of eight ABA-approved law schools in that city. . He is a Director of SunTrust Capital Markets, Inc., and a committee member of the Executive Committee, Commitment Committee and SunTrust Equity Partners. Prior to joining SunTrust Robinson Humphrey, Dowling served as Senior Vice President of Bear Stearns & Co., where he was responsible for the corporate finance activities of Bear Stearns in the Southeast. He also served as Vice President-General Counsel to Fuqua Industries, Inc., where he participated in numerous acquisitions, dispositions, tender offers and leveraged buyouts. Mr. Dowling is a member of 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 and Georgia Bar Associations and practiced corporate and SEC law with the Wall Street law firm of Cahill, Gordon & Reindel. AcXess business continuity solutions are affordable and powerful, and can be the difference between staying in business or failing in times of natural or man-made emergencies. According to the National Archives and Records Administration, only 43% of organizations suffering a disaster ever recover sufficiently enough to resume business and 93% of businesses losing their data center for 10 days or more file bankruptcy within one year. In the event of a disruption to their IT environments, AcXess Solution customers can be fully operational in minutes or hours, instead of days or weeks. About AcXess, Inc. AcXess (Other OTC: INIV.PK), 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 Innovative Software Technologies, Inc., is the first company to make FORTUNE 100-class business continuity and resilient application solutions affordable for small and medium-sized enterprises. AcXess enables resilience for critical IT infrastructure and allows firms of almost any size to avoid loss of operational capabilities and revenue during natural or man-made emergency situations, and to meet stringent business continuity requirements demanded by customers, partners, shareholders and federal regulators. The AcXess "channel-first" partner model enables VARs to immediately meet this rising demand for BC solutions while creating significant streams of recurring revenue. Prior to implementation of The AcXess Solution, a business impact analysis is completed for each customer that details the affordability and financial benefits of AcXess solutions, including ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). and reduced TCO (1) (Total Cost of Ownership) The cost of using a computer. It includes the cost of the hardware, software and upgrades as well as the cost of the inhouse staff and/or consultants that provide training and technical support. See ROI. . AcXess is headquartered in Boca Raton, Florida Boca Raton ("bōkə rə-tōn") is a city in Palm Beach County, Florida incorporated in May 1925. As of the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. . For more information, visit www.acxess.com. A profile for investors can be accessed at http://www.hawkassociates.com/inivprofile.aspx. For investor relations Investor relations The process by which the corporation communicates with its investors. questions regarding AcXess, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info@hawkassociates.com. Media contact, Derek Beckwith, Beckwith PR Group, at (617) 331-3567, e-mail: derek@beckwithpr.com. Forward-Looking Statement 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 in this news release that are not strictly historical in nature constitute "forward-looking statements." Such statements include, but are not limited to, statements about business development activities and financings, and any other statements relating to Innovative Software's products, services and product development activities. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Innovative Software's actual results to be materially different from historical results or from any results expressed or implied by such forward-looking statements. These factors include, but are not limited to, risks and uncertainties related to commercialization of our products and services; capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. and related fund raising activities, personnel and the additional risks discussed in Innovative Software's filings with the Securities and Exchange Commission, including the risks disclosed in our 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 on June 30, 2006. All forward-looking statements are qualified in their entirety by this cautionary statement, and Innovative Software Technology, Inc. undertakes no obligation to revise or update this news release to reflect events or circumstances after the date hereof. |
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