Artisoft Appoints Michael O'Donnell as Chief Financial Officer.Business/Technology Editors CAMBRIDGE, Mass.--(BUSINESS WIRE)--Jan. 19, 2001 Artisoft(R) 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 :ASFT ASFT Airport Surface Friction Tester ), a leading developer of software-based phone systems, today announced that is has appointed Michael O'Donnell Michael O'Donnell (born c 1928), is a British physician, journalist and broadcaster. He was born in Yorkshire, the son of a rural General Practitioner, and educated at Stonyhurst College and Trinity Hall, Cambridge, where he studied medicine. as chief financial officer (CFO See Chief Financial Officer. ). O'Donnell will be will take responsibility for the company's day-to-day financial operations, including treasury, tax and accounting matters. He will also have a key role in investor relations Investor relations The process by which the corporation communicates with its investors. and will be called upon to develop new relationships in the investment and financial communities. O'Donnell comes to Artisoft with a rich background of financial experience as a senior executive in both public and private companies. Prior to joining Artisoft, O'Donnell served as Vice President and Chief Financial Officer at Lily Transportation Co., a $100 million multi-location private company providing transportation services, including full-service truck leasing and dedicated logistics services. He also served as Vice President and Chief Financial Officer at SilverPlatter International, a $75 million multi-national private company that provides desktop access to reference and full text databases. O'Donnell has also held Chief Financial Officer positions at Aritech, a $150 million multi-national public company engaged in the design, manufacture and distribution of electronic equipment, and ChemDesign Corporation, a $65 million multi-plant public company primarily involved in the development, manufacture and sale of chemicals on a custom basis. O'Donnell is also 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. in the state of Massachusetts. "Michael O'Donnell has an impressive history of helping companies manage strong revenue growth and achieve improved profitability, " said Steve Manson, chief executive officer of Artisoft. "His tremendous expertise in finance will be invaluable to assisting Artisoft's dynamic growth by helping us exceed the goals we have set in our strategic plan." About Artisoft Artisoft, Inc. (NASDAQ:ASFT) of Cambridge, Mass., is a leading developer of software-based phone systems for small- to medium-sized businesses and corporate branch offices. Artisoft's innovative software products have received more than 100 industry awards including "Product of the Year", "Best of Show" and "Editors' Choice" by PC Magazine, Network Magazine, VARBusiness, CT Magazine, Communications Solutions Magazine and CTI (Computer Telephone Integration) Combining data with voice systems in order to enhance telephone services. For example, automatic number identification (ANI) allows a caller's records to be retrieved from the database while the call is routed to the appropriate party. Magazine among others. The company distributes its products worldwide. For more information, please call Artisoft at 800-914-9985 or visit http://www.artisoft.com. Artisoft and TeleVantage are registered trademarks of Artisoft, Inc. All other company and product names mentioned may be trademarks or registered trademarks of the respective companies with which they are associated. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under 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: This release may contain 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. that involve risks and uncertainties. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements are the impact of competitive products and pricing, product demand and market acceptance risks, the presence of competitors with greater financial resources, product development and commercialization risks, costs associated with integration and administration of acquired operations, capacity and supply constraints or difficulties, the results of financing efforts and other factors detailed in the Company's filings with the Securities and Exchange Commission including its recent filings on Forms 10-K and 10-Q. |
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