Applied Digital Solutions Names Jerome C. Artigliere to Position of Chief Financial Officer.Business Editors/High Tech Writers PALM BEACH, Fla.---(BUSINESS WIRE)--Nov. 17, 2000 Applied Digital Solutions, Inc. (Nasdaq: ADSX ADSX Applied Digital Solutions, Inc. (stock symbol) ) today announced that it has named Jerome C. Artigliere to the position of Chief Financial Officer. Mr. Artigliere will be assuming the position vacated by David A. Loppert, who has been named 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. of SysComm International Corporation. Prior to the appointment, Mr. Artigliere served as President of ADS Financial and Vice President and Treasurer of Applied Digital Solutions. In these roles, he was responsible for corporate cash management and Treasury functions. He was instrumental in establishing a revolving $95 million credit line with IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Finance and with maintaining that key relationship. Before his tenure with Applied Digital, Mr. Artigliere served as Regional Vice President of General Electric Capital Corporation and State Vice President of First National Bank in Portsmouth, NH. He holds an undergraduate degree in finance from Seton Hall University Seton Hall University is a private Roman Catholic university located 14 miles from Manhattan in historic South Orange, New Jersey. Founded in 1856 by Archbishop James Roosevelt Bayley, Seton Hall is the oldest diocesan university in the United States. and an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Fairleigh Dickinson University Fairleigh Dickinson University, at Florham-Madison and Teaneck-Hackensack, N.J.; coeducational; incorporated and opened 1942 as a junior college, became a four-year college in 1948 and a university in 1956. . Commenting on the appointment, Richard J. Sullivan, Chairman and CEO of Applied Digital Solutions, expressed his excitement: "Jerry (Mr. Artigliere) has been an invaluable asset to Applied Digital since he joined us in 1998. His efforts toward securing our credit line with IBM Finance are responsible for much of the growth we have experienced since. Under his guidance, ADS Financial initiated internal asset control and monitoring systems to more fully integrate individual subsidiaries into Applied Digital Solutions. We are very pleased and fortunate to have Jerry in this position." "I am very excited to be assuming this role in such a pivotal time in the Company's history," commented Mr. Artigliere. "My first order of business will be to more fully integrate the Treasury and finance functions at Applied Digital. As a company, we have reached a point of development where a more integrated financial team is key to the execution of Applied Digital's long range financial plan." About Applied Digital Solutions, Inc. Applied Digital Solutions is a leading edge, single-source provider of e-business solutions. The company differentiates itself in the marketplace by enabling e-business through Computer Telephony Internet Integration (CTII CTII Comprehensive Technologies International, Inc. ). For more information, visit the Company's web site at www.adsx.com. |
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