Apex PC Solutions Appoints Experienced Financial Executive, Barry Harmon, as Chief Financial Officer.WOODINVILLE, Wash.--(BUSINESS WIRE)--Jan. 11, 1999-- -- Harmon Brings Extensive Financial Expertise and Credentials to Help Lead Apex's Aggressive Growth Plans -- Apex PC Solutions, Inc. (Nasdaq:APEX), the leader in network console switching technology for the client/server market, announced today that Barry L. Harmon will be joining the company as vice president and chief financial officer on January 18th. Harmon, who has more than 23 years of experience in finance and accounting, comes to Apex from Electro E`lec´tro n. 1. An electrotype. Scientific Industries (ESI (Edge Side Includes) A markup language for Web pages that enables elements of a Web page to be dynamically assembled in servers distributed throughout the Internet. ), where he was chief financial officer. He will report to Kevin J. Hafer, Apex 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. . During Mr. Harmon's tenure at Electro Scientific, a publicly held high technology capital equipment manufacturer, ESI's revenue quadrupled and headcount doubled. He also negotiated four acquisitions and mergers while at ESI. Prior to Electro Scientific, he spent six years with the Global Private Bank division of Citibank, where he was promoted from Division Controller to become CFO See Chief Financial Officer. of the unit's Investment Division, and then became Global Financial MIS Manager. "We are thrilled to have Barry round Barry Round (born January 26, 1950) played for Footscray and South Melbourne/Sydney in the Victorian Football League between 1969 and 1985. Along the way, he played 328 games (135 for Footscray and 193 for South Melbourne/Sydney), won a Brownlow Medal in 1981 (tying with his former out the new management team here at Apex, as he has the exact combination of business and financial experience we need to continue our success," stated Hafer. "His experience guiding large and high-growth public companies on a global basis will be a tremendous asset to Apex and its shareholders." "I'm fortunate to be joining an excellent, very well managed company at an exciting time in its growth curve," said Harmon. "This is a wonderful opportunity to help the Apex team and its shareholders succeed as we move into the 21st century. I'm very excited." About Apex PC Solutions Woodinville, Wash., U.S.A.-based Apex PC Solutions, Inc. designs, manufactures, and markets network console switching systems Switching systems (communications) The assemblies of switching and control devices provided so that any station in a communications system may be connected as desired with any other station. and integrated cabinet solutions which help network administrators manage their client/server computing computing - computer environments. The company was recently ranked fourth in Business Week's listing of "100 Hot Growth Companies" in America. More information on Apex products and services is available by calling 800/861-5858, via email at sales@apexpc.com, or on the World Wide Web at www.apexpc.com. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Statements contained in this press release which are not historical information are forward-looking statements as defined within 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. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from the statements made, including the risks related to sales growth in an intensely competitive industry with increasing price competition. Other factors which could cause the Company's operating and financial results to differ are described in Apex's Securities and Exchange Commission filings, including its Form 10-Q Form 10-Q See 10-Q. for the quarter ended September 25, 1998, Form 10-KSB for the year ended December 31, 1997, and the Company's registration statement on Form SB-2 which was declared effective August 7, 1997, and include other risks detailed from time to time in the Company's reports to be filed with the SEC. Apex undertakes no obligation to publicly release the result of any revisions to forward-looking statements which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. |
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