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Active Assets Opens Miami Office, Appoints Executive Team.


Business Editors

MIAMI--(BUSINESS WIRE)--May 31, 2000

Active Assets & Associates Inc. (CDNX CDNX

See Canadian Venture Exchange (CDNX).
:AAA AAA: see American Automobile Association.


(Triple A) A common single-cell battery used in a myriad of electronic devices of all variety. Like its double A (AA) cousin, it provides 1.5 volts of DC power. When used in series, the voltage is multiplied.
), the company behind the largest business-to-business online industrial exchange in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , today announced that the company's head office will be located in Miami, Florida “Miami” redirects here. For the Native American tribe, see Miami tribe.

Miami is a major city in southeastern Florida, in the United States. It is the county seat of Miami-Dade County. Miami is a gamma world city with an estimated population of 404,048.
.

The new office is located in The Spokane Building at Krogar Centre, 8350 Northwest 52nd Terrace, #100, Miami, Florida 33166. The phone number is 305/513-4335.

"Miami is the gateway to Latin America and we feel it's critical that we establish our operational base in that city," said ActiveAssets Director Simon Ridgway. "With our ActiveAssets Exchange about to be launched in late June, the Miami office will provide a central location for the conduct of online, business-to-business e-commerce between North and Latin America."

ActiveAssets also announced the following appointments:

Nicolas Jove, 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.
, Latin America & Spain

Prior to joining ActiveAssets, Mr. Jove was instrumental in the development of the South American component of a global satellite communications system for Iridium iridium (ĭrĭd`ēəm), metallic chemical element; symbol Ir; at. no. 77; at. wt. 192.22; m.p. about 2,410°C;; b.p. about 4,130°C;; sp. gr. 22.55 at 20°C;; valence +3 or +4.  LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
. He served as Executive Vice-President of Iridium SudAmerica from 1995 to 1998, and was responsible for the licensing of the service throughout the territory, the establishment of a satellite Earth station and distribution channels for all South American countries. He was later appointed Executive Director for the Americas at Iridium LLC in Washington. Mr. Jove holds both a Master of Science Degree in Industrial Engineering and a Master of Business Administration Degree from Stanford University.

Alexis Pascual, Vice-President, Finance

Over the past four years, Mr. Pascual was employed by the Latin American offices of Citibank, where he oversaw a variety of corporate banking activities, including the marketing of financial services and products, credit analysis, portfolio management and new branch development. Prior to that, he worked for the national oil company of Venezuela in the areas of Research & Development, production and project management. He earned a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science
BS, SB

bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies
 Degree from the Universidad Metropolitana and a Master of Business Administration Degree from the University of Iowa Not to be confused with Iowa State University.
The first faculty offered instruction at the University in March 1855 to students in the Old Mechanics Building, situated where Seashore Hall is now. In September 1855, the student body numbered 124, of which, 41 were women.
.

Antonio Arias, Vice-President, Marketing & Communications, Latin

America & Spain

Mr. Arias joins ActiveAssets following a successful career in Latin America as a marketing and communications specialist. He has held senior positions with internationally recognized advertising agencies such as Grey Advertising, J. Walter Thompson and BBDO BBDO Batten, Barton, Durstine & Osborn
BBDO Bringing Biogeographic Data Online
 Venezuela, and developed campaigns for a variety of clients including Proctor & Gamble, Kodak, FedEx and Bayer. He was most recently employed by American Express Travel in Venezuela to direct their marketing program, and was responsible for the creation of the company's travel web site, the results of which have set the standard for the e-commerce travel business in Venezuela. He is a marketing graduate from the Instituto de Nuevas Profesiones in Caracas, Venezuela.

Active Assets & Associates Inc., headquartered in Miami, provides the largest business-to-business online marketplace for the sale of surplus industrial equipment, corporate assets and excess inventory to Latin American businesses. In addition to offering consolidated, direct, fast access to that inventory, ActiveAssets provides product assurances, third-party appraisal and inspection services, freight calculation and forwarding, customs regulations assistance, financing and escrow. The company trades on the Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX)  under the symbol AAA, and has offices in Miami; Vancouver, British Columbia, Canada; Mexico City; Caracas, Venezuela; Sao Paulo, Brazil; and Bogota, Colombia. Its website can be viewed at: www.ActiveAssets.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Simon Ridgway, Director

FOR MORE INFORMATION, PLEASE CONTACT: Eugene Toffolo, Corp. Communications Active Assets & Associates Inc. 401 - 409 Granville Street Vancouver, BC V6C 1T2, Canada E-Mail: EToffolo@ActiveAssets.com Tel: 604/688-5288 Fax: 604/682-1514 Toll Free: 877/688-5288 Website: http://www.ActiveAssets.com

The Canadian Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of this release.
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Publication:Business Wire
Date:May 31, 2000
Words:613
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