Advanced Communications Appoints Industry Leader as Chief Operating Officer and Seasoned Financial Expert as New Chief Financial Officer.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 -- Advanced Communications Technologies, Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : ADVC ADVC Analog to Digital Video Converter ) a New York-based company that specializes in the technology aftermarket service and supply chain known as the reverse logistics This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. industry, announced today that Steven Miller and John Donahue For other uses, see John Donahue (disambiguation). John Frederick Donahue [Jiggs] (April 19, 1894 - October 3, 1949) was right fielder in Major League Baseball who played briefly for the Boston Red Sox during the 1923 season. Listed at 5' 8", 170 lb. have been appointed the company's 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. and Chief Financial Officer, respectively, effective immediately. Steven Miller, a seasoned and well-known industry leader with 24 years of experience in service management, served for ten years as Senior Director of Service Operations for N.E.W. Customer Service Companies, Inc., the nation's largest privately held third party administrator/reinsurer providing warranty policies for consumer electronic goods. There, he built and managed the team that developed new service offerings and currently delivers more than 3 million service events per year, representing $400 million in claims payments. Prior to this, Steven was the Director of North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Service Operations with Sharp Electronics with responsibility for all North American parts distribution, board level repairs and product refurbishment operations at Sharp's headquarters in Romeoville, IL. Previously, for ten years he was responsible for shop and field service as well as parts inventory and parts sales for several large-market locations for General Electric/RCA, where he was Area Manager for GE Consumer Services. Steven is currently a Board Member of NESDA NESDA Network for Environment and Sustainable Development in Africa NESDA National Electronics Service Dealers Association (Fort Worth, TX) NESDA Netherlands Study of Depression and Anxiety NESDA Neat Electronic Stuff Development Agency (National Servicing Dealers Association of America). Jack Donahue has over 30 years of experience in corporate finance, M&A and public accounting and has held senior executive positions at several private and public companies. For the past seven years, Jack served as VP and CFO See Chief Financial Officer. for Online Benefits, Inc., a New York-based firm specializing in the design, licensing and hosting of employee benefit administration software programs. Previously, Jack was VP and CFO of Mast Resources, Inc., a merchant bank, working closely with senior management of portfolio companies on a wide variety of day-to-day operating, financial and long-term strategic issues, as well as performing preliminary assessments, due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and proposing capital structures in connection with numerous investment opportunities. Jack was also VP and CFO of Catalyst Energy Corp, a NYSE-listed company, and began his career with Price Waterhouse, LLP LLP - Lower Layer Protocol , where he was Senior Audit Manager. Steven and Jack will work closely with Wayne Danson, Chief Executive Officer, to implement the company's strategic growth plans and manage its operations and financial matters. "Steven's depth of experience in and understanding of service management operations, as well as his executive leadership background and extensive resume of senior positions with reputable Fortune 500 companies makes him the right candidate at this time," said Wayne Danson, Chief Executive Officer of Advanced Communications. "His record of success building the reverse logistics sector for N.E.W., the country's largest third party administrator, also speaks well of his ability to deliver quality results and help lead us into our next phase of growth." Danson continued, "Jack Donahue has been closely involved with several opportunities similar to that presented by the company. He has worked with fast growing, acquisition-oriented companies that required developing financial and management reporting systems, building a strong financial team, and generally building the infrastructure needed to manage a dynamic business. We have reached the point of needing to bolster our management team in preparation for the significant planned expansion that lies ahead." Lisa Welton, 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 Cyber-Test, said, "Steven Miller and I have worked closely together for over five years as Cyber-Test has remained a solid and reliable client of N.E.W. for years. His credibility, leadership, motivation and professionalism is top notch and I can't think of a more qualified individual to run things for us corporate-wide." In addition, Anthony Lee has been appointed Controller for the company, also effective immediately. Tony has over 20 years of CFO and Controller experience in finance and public accounting with companies including Pacific Magtron International, Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. and Arthur Young & Company. About Advanced Communications Technologies Advanced Communications is a New York-based company specializing in the technology after-market service and supply chain, known as reverse logistics. Its principal operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon , Encompass Group Affiliates, acquires businesses that provide computer and electronic repair services, and asset distribution and end-of-lifecycle services. Encompass owns Cyber-Test, an electronic equipment repair company that provides repair and reverse logistics services to third-party warranty companies that service OEMs, national retailers and national office equipment dealers. Cyber-Test's services include advance exchange, depot repair, call center support, parts and warranty management, repair of fax machines, printers, scanners, laptops, monitors and multi-function units, including PDAs and digital cameras. For more information, visit Cyber-Test's website at http://www.equipfix.com. This release and oral statements made from time to time by Advanced Communications' representatives concerning the same subject matter may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements can be identified by introductory words such as "expects," "anticipate," "plans," "should," "believes," "will," or words of similar meaning, and by the fact that they do not relate strictly to historical or current facts. Many factors may cause actual results to differ from forward-looking statements, as well as inaccurate assumptions and a broad variety of risks and uncertainties, some of which are known and others of which are not. Known risks and uncertainties include those identified from time to time in the reports filed by Advanced Communications with the Securities and Exchange Commission, which should be considered together with any forward-looking statement. No forward-looking statement is a guarantee of future results or events, and one should avoid placing undue reliance on such statements. |
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