Advanced Communications Technologies, Inc. - New President and Vice President & Chief Financial Officer.NEW YORK--(BUSINESS WIRE)--Dec. 1, 1999-- The Board of Directors of Advanced Communications Technologies, Inc. ("ACT") (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB -"ADVC ADVC Analog to Digital Video Converter ") announced today that they had approved the appointment of a new President, and a new Vice President/Chief Financial Officer. Ms. Julie T. Huston has been appointed President of ACT as of the December 1st, 1999. Ms. Huston has a strong financial background, and brings fourteen years of executive level experience in all facets of business finance, corporate structure and management, strategic planning, and sales and marketing to ACT. Most recently, Ms Huston was the Senior Vice President of CIT n. 1. A citizen; an inhabitant of a city; a pert townsman; - used contemptuously. Which past endurance sting the tender cit. - Emerson. Financial Group, based in Colorado, which was originally AT&T Capital Corporation. Ms. Huston was a founding member of AT&T Capital Corporation in 1992. Ms. Huston will be directly responsible for the overall operations of ACT in the USA, and will specifically apply her initial efforts to the creation of an appropriate corporate management structure, and to establishing the foundation management structure for both the US and international marketing teams. Her duties will also include the supervision of Act's ongoing relations with the Wall Street Capital Markets, and the national and international Brokerage community. Ms Huston is eminently qualified to plan and manage the company's initiatives, especially in all phases of the current expansion and development of Act's rapidly expanding USA based and international business operations. Mr. Wayne I. Danson has been appointed Vice President and Chief Financial Officer of ACT as of December 1st, 1999. Mr. Danson is regarded as an expert in his field and brings 25 years of experience in financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against , transactional advice on the tax, corporate finance and business aspects of corporate mergers and acquisitions, initial public offerings, and equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. to ACT. Prior to the formation of his own consulting business he was CO- head and Managing Director of PricewaterhouseCoopers LLP's ("PwC") RE Capital Markets Group. Prior to joining PwC Mr. Danson was a Managing Tax Partner with Kenneth Leventhal & Company ("KL") in 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 Washington, D.C, where he was also KL's National Director of its International and Debt Restructure Tax Practices. He was responsible for operations in New York and Washington, D.C. Prior to that Mr. Danson was Managing Director of Wolper, Ross & Co Ltd in New York, a closely held A phrase used to describe the ownership, management, and operation of a corporation by a small group of people. In a closely held corporation, the same people often act as shareholders, directors, and officers, and no outside investors exist. financial services company that specialized in financial and tax consulting, designing financial instruments, and providing venture capital and investment banking services. Mr. Danson is a certified public accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. and a member of the American Institute of Public Accountants, the National Association of Real Estate Investment Trusts, the National Realty Committee, the European-American Tax Institute, the Association of Insolvency Accountants, and the American Bankruptcy Institute The American Bankruptcy Institute (ABI) is the largest multi-disciplinary, non-partisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide the United States Congress and the public with unbiased analysis of . ACT is very pleased to retain the services of such eminent and highly qualified executives, and feels they will instrumental in planning and implementing Act's corporate objectives and initiatives into the 21st Century. The Company is pleased to welcomes them to the ACT management team. |
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