Advanced Remote Communication Solutions Announces Appointment of New CEO.SAN DIEGO--(BUSINESS WIRE)--Nov. 18, 1999-- Advanced Remote Communication Solutions "ARCOMS ARCOMS Armor Combat Operations Model Support " formerly BOATRACS (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BTRK), announced today that Mr. Jon Gilbert requested of the Board of Directors that they accept his resignation as chief executive officer. Gilbert feels the company would be better served if he focused his attention on strategic opportunities for ARCOMS. In his new role as Director of Strategic and Business Development, he will concentrate on the identification of new products and technologies as well as markets which require remote communication solutions. Gilbert will remain a member of the Board of Directors. Michael Silverman, the chairman and founder of ARCOMS will assume the interim role of 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. . The company plans to begin a search for a new CEO. Advanced Remote Communication Solutions (ARCOMS) is a global technology company delivering innovative and proprietary solutions to customers in specific markets for their remote information needs through its various business entities: BOATRACS, Enerdyne Technologies Inc. and Innovative Communications Technologies Inc. ("ICTI ICTI International Council of Toy Industries ICTI Interactive Clinical Technologies, Inc. ICTI Information and Communication Technology Institute (Afghanistan) "). Products and services offered through these entities include customized software See custom software. applications, cost-effective satellite communications solutions, near real-time vessel tracking, bandwidth-efficient multi-media satellite networks, e-mail technology and state-of-the-art real-time video compression Encoding digital video to take up less storage space and transmission bandwidth. See video codec and data compression. video compression - Compression of sequences of images. products, multiplexing equipment and video monitoring services Video Monitoring Services (VMS) [1] is a media monitoring company that provides news and advertisements monitoring solutions. The company is headquartered in New York with more than 18 offices in the United States. . ARCOMS' client base includes an impressive list of users within the government, transportation, military, marine, telecommunications and commercial markets. ARCOMS is headquartered in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , and has offices in Santee, Calif.; Gaithersburg, Md.; Gulfport, Miss.; and Leiden, the Netherlands. Further information about ARCOMS and its business units can be found at www.arcoms.com. Legal Disclosure Statements within this news release which are not historical facts, including statements about strategies and expectations for new and existing products, technologies, and opportunities are forward-looking statements that involve risks and uncertainties. Because such forward-looking statements include risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, those set forth in the risk factors identified from time to time in the company's filings with the Securities and Exchange Commission. Risk factors are detailed in the company's Securities and Exchange Commission filings; particularly its Form 10-KSB for the year ended 12/31/98. The company undertakes no obligation to release publicly any revisions to the forward-looking statements to reflect events or circumstances after the date of this news release or to reflect the occurrence of unanticipated events. |
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