Appiant Technologies Appoints Two New Members To Board of Directors.Business Editors PLEASANTON, Calif.--(BUSINESS WIRE)--Aug. 15, 2002 Robert Landis And Fred E. Tannous To Also Provide Corporate Governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. Oversight On Audit and Compensation Committees Appiant Technologies, Inc. (Nasdaq:APPS), a leader in unified communications The real time redirection of a voice, text or e-mail message to the device closest to the intended recipient at any given time. For example, voice calls to desk phones could be routed to the user's cellphone when required. , today announced that Mr. Robert Landis and Mr. Fred E. Tannous have been elected to become new outside directors on the Company's Board of Directors and have been appointed to the audit and compensation committees overseeing corporate governance matters. Doug Zorn, Chairman, President and Chief Executive Officer of Appiant, stated, "Following the resignation of Allen Jacobson and Robert Schmier from our Board last month due to personal and business reasons unrelated to Appiant, we have been reviewing numerous replacement candidates - all with very impressive credentials. After meeting both Robert and Fred, it became clear that their respective backgrounds and areas of business expertise will greatly complement the capabilities of our existing Board members and assist us in achieving many of our corporate growth objectives. I'm pleased to welcome them to our Board and look forward to establishing a very long and mutually beneficial Adj. 1. mutually beneficial - mutually dependent interdependent, mutualist dependent - relying on or requiring a person or thing for support, supply, or what is needed; "dependent children"; "dependent on moisture" association with both of them." About Robert Landis, CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. Landis brings Appiant over 20 years of extensive senior accounting experience in the public marketplace. Currently, he serves as Chairman and Chief Financial Officer of Comprehensive Care Corporation, a publicly traded, managed behavioral healthcare company with approximately $30 million in revenues. Previously, he served as Treasurer of a publicly traded health maintenance organization with over $500 million in revenues, where he was primarily responsible for managing the Company's investment portfolio and for compliance reporting for debt agreements. As 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. , Landis has worked on audits, tax and accounting issues for both private and publicly-held client companies. Landis earned a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree in Accounting from the University of Southern California The U.S. News & World Report ranked USC 27th among all universities in the United States in its 2008 ranking of "America's Best Colleges", also designating it as one of the "most selective universities" for admitting 8,634 of the almost 34,000 who applied for freshman admission and a Masters of Business Administration from the California State University Enrollment About Fred E. Tannous At the present time, Tannous serves as Co-Chairman and Chief Executive Officer of Health Sciences Group, a publicly traded healthcare company committed to vertically integrating a collaborative network of profitable nutraceutical and pharmaceutical companies. As the former Senior Manager of Investments & Acquisitions at DIRECTV, Inc., Tannous was responsible for valuing, structuring, and executing strategic investments and relationships with synergistic new media enterprises. He was involved in creating valuation models, structuring exit strategies, pricing warrants and derivatives, and working closely with investment bankers to implement corporate value enhancements. Prior to joining DIRECTV, Mr. Tannous was with Hughes Treasury where he conducted valuations for the Company's operating units. Previously, Mr. Tannous served as Treasurer and Chief Financial Officer of a gaming and lodging concern with operations in Colorado. In addition to overseeing the Company's finance and accounting activities, he was instrumental in raising construction financing for its flagship development project. Mr. Tannous has also consulted several start-up ventures in various industries including food, retail, wireless telecommunications, and Internet-related e-commerce. During this time, he developed business plans, generated pro-forma financials, advised on business strategy and capital structure, and arranged venture financing through private placements and public offerings. Mr. Tannous received an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration in Finance and Accounting from the University of Chicago Graduate School of Business Recruiters also voice a strongly positive opinion of students. According to BusinessWeek's biannual MBA rankings: "Chicago's grads were hands-down favorites in our survey of companies that hire MBAs. . He also holds a Masters and Bachelors degree in Electrical Engineering electrical engineering: see engineering. electrical engineering Branch of engineering concerned with the practical applications of electricity in all its forms, including those of electronics. from the University of Southern California. About Appiant Technologies, Inc. Appiant Technologies, Inc. is a leading Unified Communications software development company, delivering next generation UC applications. Its inUnison(SM) portal enables Service Providers and Enterprises to offer tools to manage all telephone, email, voice mail, facsimile, and notification needs in real-time anywhere, anytime, and in a highly personalized manner using virtually any communication device such as a PC, PDA (Personal Digital Assistant) A handheld computer for managing contacts, appointments and tasks. It typically includes a name and address database, calendar, to-do list and note taker, which are the functions in a personal information manager (see PIM). , telephone, or cellular phone. Appiant's enabling technologies include a speech recognition engine that provides seamless access to its inUnison distributed portal architecture, allowing information integration from multiple sources. Appiant is a member of the Cisco New World Ecosystem partner program and has been designated a Cisco Powered Network member. Appiant is headquartered in Pleasanton, Calif., and has offices throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and abroad. For more information, please visit the Company's web site at http://www.appiant.com. This press release contains forward-looking statements that involve risks and uncertainties concerning Appiant's expected financial performance (as described without limitation in the business outlook and quotations from management in this press release), as well as Appiant's strategic and operational plans. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the slower spending environment for communication services; the actual increases in demand by customers for Appiant's services; general economic conditions; the ability to adjust to changes in personnel, including management changes; and the dependence on third parties for technology, content and distribution. All information set forth in this release is as of May 2, 2002, and Appiant undertakes no duty to update this information. More information about potential factors that could affect the company's business and financial results is included 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 fiscal year ended September 30, 2001 including (without limitation) under the captions, "Risk Factors" and "Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial of Financial Condition and Results of Operations," which are on file with the Securities and Exchange Commission (the "SEC") and available at the SEC's website at www.sec.gov. Additional information will also be set forth in those sections in Appiant's Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended March 31, 2002 which will be filed with the SEC in the near future. Note to Editors: inUnison(TM)is a trademark of Appiant Technologies. |
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