AlphaNet Hospitality Systems, Inc. Appoints John J. Beasley as Executive Vice President of Sales and Marketing.Business & Technology Editors RAMSEY, N.J.--(BUSINESS WIRE)--Aug. 23, 2000 AlphaNet Hospitality Systems Inc., ("AHS AHS Assistant House Surgeon. ") the leading supplier of business and connectivity services and solutions to the hospitality industry and a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Tech Electro Industries, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: TELE), announced the addition of John Beasley to their senior management team, as the Executive Vice President of Sales and Marketing. Mr. Beasley brings over twenty-five years of sales, marketing and executive leadership experience in the lodging industry to AHS. Previously, Mr. Beasley was the Regional Sales Manager for Fujitsu Business Communications where he was responsible for the sales and marketing of advanced networking, telecommunication and call center equipment from midsized to large business markets in the central United States The Central United States is sometimes conceived as between the Eastern United States and Western United States as part of a three-region model, roughly coincident with the Midwestern United States plus the western and central portions of the Southern United States; the term is . Prior to Fujitsu, Mr. Beasley was the Executive Vice President and 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. for Paradygm Communications, in Atlanta. Mr. Beasley also served as the Director of Sales for Commercial Products at Zenith Electronics in Chicago where he established sales and marketing programs and product development programs for the lodging and healthcare markets. He grew the television business substantially at Zenith, effectively repositioning Zenith from third place to a dominant position as the premier television supplier to the lodging market. Prior to Zenith, Mr. Beasley served in a number of sales management and marketing positions with RCA See RCA connector and video/TV history. Commercial Products. In his new capacity at AHS, Mr. Beasley will be responsible for leading the sales and marketing department at AHS as well as exploring new channels for AHS's diverse product line. "I look forward to becoming part of the AHS Sales and Marketing Team," states Beasley. "With a solid history of innovative products, AHS continues to evolve as a growing leader in a highly competitive industry. This growth enables AHS to employ emerging technologies and enhance its position as a leading supplier of technological products and services to the hospitality industry." About Tech Electro Industries, Inc. Tech Electro Industries, Inc. (OTC BB: TELE) is a holding company whose business is conducted through its two wholly owned subsidiaries, Universal Battery Corporation ("UBC UBC Uniform Building Code UBC University of British Columbia UBC Union of the Baltic Cities UBC United Brotherhood of Carpenters UBC Universal Battery Charger UBC Union of Baltic Cities UBC Universal Bibliographic Control UBC Used Beverage Cans ") and AlphaNet Hospitality Systems, Inc. ("AHS"). UBC sells and distributes a broad line of industrial and retail batteries. It is an authorized battery distributor, on a non-exclusive basis for Panasonic USA, Varta USA and Duracell USA. UBC also sells and distributes to OEMs various types of electronic components such as resistors, capacitors and relays that are installed in electronic equipment. Founded in 1992, AHS is the leading supplier of business and connectivity solutions to the hospitality industry. AlphaNet's products include: InnFax(R), the in-room facsimile service operating in over 450 hotels (70,000 hotel rooms); The Office(TM), a 24-hour unattended business center that is installed in over 50 hotels around the country, InnPhone(R), a two-line cordless phone designed especially for the hotel room and InnConnect(TM), AHS's new high-speed internet access product for hotel guest and meeting rooms. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This release contains a number of forward-looking statements concerning the Company's current expectations as to future results of operations, future growth and future performance 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. Actual results may differ materially depending on the various factors set forth under the caption "Forward-Looking Statements" in the company's annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 1999 and accordingly, should be read in conjunction with the company's SEC filings. |
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