Act Networks Announces Appointment of Eric Grubel as Vice President of Sales.CALABASAS, Calif.--(BUSINESS WIRE)--Nov. 1, 1999-- ACT Networks(R), Inc. (Nasdaq:ANET) today announced that, effective immediately, Eric Grubel has been appointed Vice President of Sales. Grubel joined ACT in November of 1998 as Vice President of Business Development and has been responsible for shaping many of ACT's key OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and distribution agreements. Prior to joining ACT, Grubel served as Director of Business Development for Xylan xylan /xy·lan/ (zi´lan) any of a group of pentosans composed of xylose residues; major structural constituents of wood, straw, and bran. Corporation where he was responsible for developing strategic relationships with companies such as Nortel, as well as managing Xylan's OEM relationships, including 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) . Prior to joining Xylan, Grubel was the 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. of Network Telemetrics, Inc., a developer of network and application management software. Grubel succeeds Mario Uribe who joined ACT Networks in March, 1999 and who resigned to pursue personal interests. Andre de Fusco, ACT's President and CEO, commented, "Mario Uribe helped build ACT's sales infrastructure, and we wish him well in his future endeavors. Eric has extensive experience building long term relationships with key OEM accounts and we are looking forward to his contributions to this growing portion of our business." About ACT Networks ACT Networks develops, manufactures, and markets multi-service access products which support a broad range of integrated voice and data networking applications. Service providers and enterprise customers use the Company's products to build multi-service networks that are bandwidth efficient, cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. and easy to manage. The Company's award-winning NetPerformer(R) product incorporates advanced voice and data compression data compression Process of reducing the amount of data needed for storage or transmission of a given piece of information (text, graphics, video, sound, etc.), typically by use of encoding techniques. algorithms The following is a list of the algorithms described in Wikipedia. See also the list of data structures, list of algorithm general topics and list of terms relating to algorithms and data structures. , enhanced switching and traffic management capabilities, and state-of-the-art hardware and software integration technologies. For more information about ACT Networks, headquartered in Calabasas, visit the corporate website at http://actnetworks.com This press release may contain 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. regarding future events and future financial performance of the Company. These statements are only predictions and actual events or results may differ materially as a result of a number of factors including, without limitation, the factors discussed in the Company's last Reports on Forms 10-K and 10-Q under "Risk Factors" and the risks associated with Dependence on key and new management and the Company's ability to retain key personnel. |
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