Aris Announces Appointment of New Chief Financial Officer.Business Editors BELLEVUE, Wash.--(BUSINESS WIRE)--March 8, 2001 Aris Corporation (Nasdaq:ARSC ARSC Arctic Region Supercomputing Center ARSC Association for Recorded Sound Collections ARSC Accounting and Review Services Committee ARSC Aircraft Repair and Supply Center (USCG) ARSC Arizona Remote Sensing Center ), a provider of integrated eBusiness and IT solutions, today announced the appointment of Fred Schapelhouman, as Vice President of Finance and Chief Financial Officer. Before joining Aris, Mr. Schapelhouman was President of CFO See Chief Financial Officer. Plus, Inc., which provided financial consulting services to early stage technology companies such as Endura Software, Invisic, nth Degree Software, Netbot, Punch Networks, Tidemark tidemark undulating line that forms in the deep layer of the articular plate when growth of the bone ceases. It mineralizes but does not ossify. Called also blue line. Computer Systems, and others. He was formerly Vice President of Finance at Sierra On-Line, Inc., a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. (acquired in 1997) with annual revenue of approximately $160 million and 900 employees, as well as the Controller for Megatest Corporation and a public accountant for a number of firms. Mr. Schapelhouman earned his 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 from Golden Gate University in 1991 and a BS in Business Administration from San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. State University in 1978. "We are extremely pleased that someone of Fred's capabilities will be joining the Aris team," said Kendall Kunz, President & 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. . "He brings over 20 years of financial management and public accounting experience for both technology and service companies. With an excellent balance of financial management, strategic thinking and people skills, Fred will be a strong addition to our management team." Schapelhouman will replace Diane Gamache, who was serving as interim Chief Financial Officer and resigned to pursue other interests. About Aris With a focus on innovation, Aris Corporation delivers end-to-end eBusiness consulting services, integrated strategy and technology-enabled solutions that foster interactive business. Aris has offices across the U.S. and in the United Kingdom, with over 400 employees worldwide, and is headquartered in Bellevue, Washington Bellevue is a rapidly growing city in King County, Washington, U.S., across Lake Washington from Seattle. Long known as a suburb or satellite city of Seattle,[1] it is now categorized as an edge city or a boomburb. . For more information about Aris, see its Web site at www.aris.com. Statements in this press release, and elsewhere, that look forward in time or include anything other than historical information, involve risks and uncertainties that may affect the Company's actual results of operations. Statements contained in this release regarding the Company's anticipated future earnings and results of operations, its eBusiness strategy, future hiring patterns, and on the Company's ability to expand its eBusiness solutions and new product releases by the Company are "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. ", as the phrase is defined by 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. Forward-looking statements by the Company are subject to certain risks, including future client demand for integrated eBusiness and IT solutions; competition from other businesses providing similar services to that of the Company; the Company's ability to successfully execute its business strategy and management and operational re-alignment of its consulting and training businesses; the Company's ability to attract, retain and motivate highly skilled eBusiness and IT professionals; its dependence upon key vendors of software technology; competitive pressures and efforts to identify and execute strategic alternatives for that business; and issues that may arise in product development and possible decisions by third parties to delay or cancel the release of products under development. Those risks and uncertainties are discussed in more detail in the Company's periodic reports filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended. |
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