AuthentiDate International AG Names Former Top Executives from Deutsche Telekom AG and Secunet Security Networks AG to Board of Directors.Business Editors/High-Tech Writers BERLIN/DUSSELDORF, Germany and SCHENECTADY, N.Y.--(BUSINESS WIRE)--April 11, 2003-- Dr. Hagen Hultzsch and Willi Mannheims Elected as Non Executive Directors AuthentiDate International AG, a wholly-owned subsidiary of AuthentiDate Holding Corp. (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 : ADAT (Alesis Digital Audio Tape) A digital audio recording technology from Alesis, LLC, Cumberland, RI (www.alesis.com). In 1992, Alesis introduced the first 8-track digital tape recording system. ), has named former top executives from Deutsche Telekom Deutsche Telekom AG (ISIN: DE0005557508, FWB: DTE, NYSE: DT, LSE: DEU, TYO: 9496 ) (abbreviated DTAG) is a telecommunications company headquartered in Bonn, Germany. It is the largest telecommunications company in Germany and in the EU. AG and Secunet Security Networks AG to its Board of Directors. At AuthentiDate International AG's general shareholder meeting, Dr. Hagen Hultzsch, a former member of the executive board of Deutsche Telekom AG, and Mr. Willi Mannheims, the former chairman and Chief Executive Officer of Secunet Security Networks AG, one of Germany's leading security consulting companies, were elected as non executive directors of AuthentiDate International AG. In his career, Dr. Hultzsch has been responsible for information technology and telecommunications at several leading companies including Volkswagen, EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. and Deutsche Telekom. Since departing Deutsche Telekom, Dr. Hultzsch provides 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 for selected companies in Europe and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . During his career, Mr. Mannheims (42), has been responsible for creating new initiatives and divisions at Daimler-Benz (now known as DaimlerChrysler) and CUBIS AG (now known as RWTUEV AG). In 1999, as the Chairman and Chief Executive Officer of Secunet Security Networks AG, one of the leading security consultant companies in Germany, he took the company public on the Neuer Markt (or New Market) a German stock exchange now known as Tec-Dax. After leaving Secunet, he served as the Chief Executive Officer of Eracom Technologies AG, where he oversaw the successful reorganization of the company. Currently, Mr. Mannheims serves as the chairman and Chief Executive Officer of GITS GITS Ghost in the Shell (Anime movie based on the Manga by Masamune Shirow) GITS Government Information Technology Services GITS Government Information Technology Services Board GITS Gastro-Intestinal Therapeutic System AG, one of the leading technology networking concerns in Germany. Commenting on the new board members, Jan C. Wendenburg, President 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. of AuthentiDate International AG said, "We are happy to be able to add two highly qualified executives to our board of directors. Everyone at AuthentiDate is excited about having access to the advice and expertise of Dr. Hagen Hultzsch and Mr. Willi Mannheims. They have clearly demonstrated strong leadership in their professional careers and we believe their knowledge and expertise will be of great benefit to AuthentiDate." About AuthentiDate International AG AuthentiDate International AG (www.authentidate.de), Dusseldorf, Germany is the first Accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. Certification Provider, certified by the German Regulatory Authority for Telecommunications and Posts (RegTP), focusing legal binding timestamps compliant to the strong German electronic signature laws and European signature directives. Thus, the time signatures supplied by AuthentiDate International AG for any electronic data provide the highest level of protection recognized by law in the form of qualified digital signatures. AuthentiDate is also the first accredited vendor focusing business process solutions, based on electronic signatures and time stamping time stamping The stamping of order tickets with the time of entry and execution. For example, options exchanges require stamping of order tickets with the times of execution to the nearest minute. technology. AuthentiDate's Business Solutions feature short ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). (return of investment) cycles, simple integration, low operating expense Operating Expense The essential things that a company must purchase in order to maintain business. Notes: For example, the payment of employees wages are an operating expense. Also known as OPEX. and ease of use. The unique design enables most customers for the first time receiving substantial profit contributions from signature and time stamping technologies. The AuthentiDate Group has a worldwide presence; in Europe, the USA and through partners in Asia. AuthentiDate Holding Corp, Inc. located in the USA (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ) is listed on the NASDAQ stock exchange (ADAT) and in Germany (WKN WKN Wertpapier-Kenn-Nummer (identifying number assigned to securities traded in Germany) WKN Warrior Knowledge Network (US Army) 893715). About AuthentiDate Holding Corp. AuthentiDate Holding Corp. (AHC AHC Appalachian Hardwood Center AHC American Heritage Center (University of Wyoming, Laramie, WY) AHC American Horse Council AHC Association for History and Computing AHC Australian Heritage Commission AHC Assault Helicopter Company ) is the holding company of five business units: DocSTAR, AuthentiDate International AG, AuthentiDate, Inc., DJS Marketing Group/Computer Professionals International and Trac Medical Solutions, Inc. AuthentiDate and AuthentiDate AG provide the authentication of digital data through its proprietary and patent pending technology. AuthentiDate is establishing itself as the authority on "content security," a growing sector of the electronic network security infrastructure market Trac Medical uses the AuthentiDate service to improve speed, accuracy and security in processing medical forms. These three business units comprise the AuthentiDate Segment for financial reporting purposes. DocSTAR sells a complete line of document imaging products and DJS delivers professional services centered on systems integration projects, staff augmentation, out-tasking and outsourcing services, and resells computer related products. This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Act of 1934. When used in this release, the words "believe," "anticipate," "think," "intend," "plan," "will be," "expect," and similar expressions identify such forward-looking statements. Such statements regarding future events and/or the future financial performance of The Company are subject to certain risks and uncertainties, which could cause actual events or the actual future results of the Company to differ materially from any forward-looking statement. Such risks and uncertainties include, among other things, the availability of any needed financing, the Company's ability to implement its business plan for various applications of its technologies, the impact of competition, the management of growth, and the other risks and uncertainties that may be detailed from time to time in the Company's reports filed with the Securities and Exchange Commission. In light of the significant risks and uncertainties inherent in the forward-looking statements included herein, the inclusion of such statements should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved. |
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