Applied Digital Solutions Appoints Former AT&T Executive, Mercedes Walton, as President and Chief Operating Officer.Business Editors/High Tech Writers PALM BEACH, Fla.--(BUSINESS WIRE)--Jan. 11, 2001 Ms. Walton Brings 24 Years of Communications Industry Operating Experience Applied Digital Solutions, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ADSX ADSX Applied Digital Solutions, Inc. (stock symbol) ), a leading, single-source provider of e-business solutions, today announced the appointment of Mercedes Walton as 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. effective January 1, 2001. Ms. Walton replaces Applied Digital's Garrett Sullivan, who has been appointed Vice Chairman and will focus on the company's long-term strategic objectives. As Applied Digital's President and COO, Ms. Walton reports to Applied Digital's Chairman 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. , Richard J. Sullivan. (Garrett Sullivan and Richard Sullivan For the author and academic, see Richard T. Sullivan. Richard Joseph Sullivan (born 1964) is a judge of the United States District Court for the Southern District of New York. Nominated by President George W. are not related.) Ms. Walton, a former AT&T corporate officer, comes to Applied Digital Solutions after having held several senior-level executive positions at AT&T, including Vice President of Corporate Strategy and Business Development. Applied Digital Solutions hired Ms. Walton following an exhaustive, six-month candidate search conducted by a committee of Applied Digital's board of directors headed by board member Richard Friedland. "I'm delighted," Mr. Friedland said, "that our search committee was able to recommend Ms. Walton to the Board of Directors. She is a talented, experienced executive with excellent leadership and strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. skills. I'm convinced she will make a significant contribution to the success of Applied Digital Solutions going forward." Commenting on the appointment, Richard Sullivan said: "Mercedes Walton brings an outstanding track record of success in strategic planning, operations and marketing, as well as an intimate understanding of the telecommunications and technology sectors. Equally important, she has considerable experience in creating and leading strategic partnerships among global content providers, device manufacturers and technology development companies in the U.S., Europe and Asia. Clearly, her background and leadership abilities will be invaluable to Applied Digital as we continue to strengthen and expand our operations through our Computer Telephony See CTI, VoIP and IP telephony. Computer Telephony - Computer Telephone Integration Internet Integration initiative." Ms. Walton earned a Bachelor of Arts degree from Smith College and holds a Masters of Education degree from Harvard University Harvard University, mainly at Cambridge, Mass., including Harvard College, the oldest American college. Harvard College Harvard College, originally for men, was founded in 1636 with a grant from the General Court of the Massachusetts Bay Colony. . She also received a Masters of Science degree from the Massachusetts Institute of Technology Massachusetts Institute of Technology, at Cambridge; coeducational; chartered 1861, opened 1865 in Boston, moved 1916. It has long been recognized as an outstanding technological institute and its Sloan School of Management has notable programs in business, Sloan School of Business. In addition, Ms. Walton graduated from the Executive Development Program at Emory University Emory University (ĕm`ərē), near Atlanta, Ga.; coeducational; United Methodist; chartered as Emory College 1836, opened 1837 at Oxford. It became Emory Univ. in 1915 and in 1919 moved to Atlanta. , the Aspen Institute's Executive Program and Northwestern University's Kellogg School Kellogg School may refer to:
Parks "National Courageous Leadership" Award in 1999 and a recipient of the 1998 Distinguished Community Leader Award from the New Jersey Association of Women Business Owners Many online and offline organizations have been created to collect information about businesses around the world owned and operated by women. Many other organizations have been created to assist the women that own and operate those businesses. , Ms. Walton serves on the Board of Directors of Norstan, Inc., a global leader in e-business, convergence and communications technology solutions and services and CRYO-CELL International, Inc., America's fastest-growing private cord blood cord blood n. Blood present in the umbilical vessels at the time of delivery. cell bank. Commenting on her new appointment, Ms. Walton said: "I look forward to working with Dick Sullivan, the Board of Directors and the entire Applied Digital organization. I believe Applied Digital Solutions is extremely well positioned to take advantage of substantial growth opportunities in the areas of technology convergence and enabling e-business. As we move further into 2001 and beyond, I'm excited about seizing these growth opportunities and helping to build shareholder value in the process." Today's announcement follows soon after the appointment last November of Jerome C. Artigliere to the position of Chief Financial Officer. Commenting on the new leadership team being assembled, Richard Sullivan said: "We're excited about the new team we're putting in place. The entire team, under the direction of Mercedes Walton, will focus on integrating recently acquired businesses into our CTII CTII Comprehensive Technologies International, Inc. strategy, improving ongoing operational accountability and building on the enormous progress we've made in recent years by seizing new opportunities for profitable growth in the CTII arena." More About the CTII(TM) Initiative Applied Digital Solutions has successfully focused its strategic direction and organized the company into four core business groups: Internet, Telephony, Network and Applications. As part of this successful transformation, the company has positioned itself as a leading provider of Computer Telephony Internet Integration (CTII) services. This CTII focus differentiates Applied Digital Solutions in the e-business solutions marketplace. With CTII, Applied Digital provides the full range of services and skills that companies need to conduct business online. Through its four integrated business groups, Applied Digital designs and deploys complete, front-to-back, web-enabled e-business systems -- all with a single point of contact for the customer. About Applied Digital Solutions, Inc. Applied Digital Solutions is a leading, single-source provider of e-business solutions. The company differentiates itself in the marketplace by "enabling e-business through CTII(TM)" (Computer Telephony Internet Integration). Applied Digital Solutions grew revenues a remarkable 14,315 percent over the past four years. In recognition of its strong growth record, the company has been ranked in the top tier of the fastest growing technology companies in the "Technology Fast 500" listing compiled annually by Deloitte & Touche. With a ranking of 27 in the listing for the year 2000, Applied Digital was ranked in the Top Ten of the Fast 500 in two of the past four years. For more information, visit the company's website at http://www.adsx.com . Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are `forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995. The Company intends that such forward-looking statements involve risks and uncertainties and are subject to change at any time, and the Company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. |
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