Ashton Technology Group Appoints Arthur J. Bacci as Senior Vice President and Chief Financial Officer.PHILADELPHIA--(BUSINESS WIRE)--July 14, 1998--The Ashton Technology Group Inc. (Nasdaq Small Cap Market: ASTN ASTN Automatic Switched Transport Network (optical networks) ASTN Automatically Switched Transport Network (ITU-T) ASTN Automotive Satellite Television Network ASTN Astern ASTN Astronomic ) is pleased to announce that Arthur J. Bacci has agreed to join the Ashton Technology Group (ATG ATG antithymocyte globulin. lymphocyte immune globulin (antithymocyte globulin equine, ATG, ATG equine, LIG) Atgam Pharmacologic class: Immunoglobulin Therapeutic class: Immunosuppressant ) as a senior vice president and ATG's chief financial officer. Bacci will replace Robert Eprile as ATG's chief financial officer. Bacci will relocate to the Philadelphia area and assume his responsibilities during August. "Mr. Bacci brings ATG tremendous experience as a finance executive together with an excellent knowledge of financial institutions and will be invaluable to ATG as we implement our strategy of pursuing E-Commerce business opportunities in the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry. Art will be an integral and vital part of our executive team and we are all extremely pleased that he has agreed to join us," said Fredric W. Rittereiser, ATG's president and chief executive officer. Since 1995 Bacci has been active as a management consultant with KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen Peat Marwick and Price Waterhouse specializing in financial management strategy and enterprise performance measurement. Bacci successfully managed projects aimed at improving management reporting linked to clients' business strategies. From 1989 to 1995, Bacci was associated with William E. Simon William Edward Simon (November 27 1927 – June 3 2000) was a businessman, a Secretary of Treasury of the U.S. for three years, and a philanthropist. He became the 63rd Secretary of the Treasury on May 8 1974, during the Nixon administration. and Sons and WSGP International where he was directly involved in the acquisition, oversight and ultimate sale or merger of numerous companies and assets. His responsibilities included 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. , business plan preparation, implementation of financial management controls, and capital raising. Bacci performed financial analysis, valuations, capital and debt structuring and financing, as well as, provided strategic advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to companies acquired by the Simon Group. During this period, Bacci served in operating roles as executive vice president and chief financial officer of World Trade Bank, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. where he was responsible for all aspects of the bank's operations and administration. He was also vice president and chief financial officer of Westcoast Holdings Inc., Los Angeles. Additionally, Bacci served on the board of directors of World Trade Bank, Westcoast Holdings Inc. and SoCal Holdings Inc. Bacci attended San Jose State University in San Jose, Calif. on athletic scholarship and graduated in 1981 with a BS in business administration and finance. Bacci also received 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 1985 from the Leavy School of Business at the University of Santa Clara. ATG is an Internet technology company that is designing products and services for use by the financial services industry. ATG is developing a family of on-line transaction systems using advanced telecommunication technologies, computing technologies, together with data and information security technologies designed to facilitate transactions among participants in the financial markets. ATG's proprietary transaction systems will be made available to end users through both proprietary communications networks and the Internet.
CONTACT: Ashton Technology Group Inc.
Christine A. Geisser, director of Corporate Relations,
Telephone: 215/988-3400, Telefax: 215/636-3560,
Website: www.ashtontechgroup.com
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