AuthentiDate Names Suren Pai President and CEO.SCHENECTADY, N.Y. -- 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. ) today announced that Suren Pai has been named as the company's president and chief executive officer, effective November 15, 2004. John T. Botti Raphael Jose Botti (born February 23, 1981) simply known as Botti, is a Brazilian professional footballer. He plays as a midfilder for Vissel Kobe. Botti is a hard-working and talented player who may not get on the scoresheet too often – just 14 times in his five years , who has served as 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. and Chairman of AuthentiDate will remain as Chairman. As CEO, Mr. Pai will be responsible for the company's strategic direction and day-to-day operations. "I am very pleased to have someone with Suren's strengths join AuthentiDate Holding Corporation," stated Mr. Botti. "I believe he brings the leadership skills and the background needed to take our business to the next level. Identifying the right individual to take on the CEO role has been our priority for months and all of us are pleased to have Suren take charge of the operations of AuthentiDate." Suren Pai, 41, brings to AuthentiDate experience in the software and wireless industries, in a variety of leadership roles focused on managing the development and growth of technology businesses. He has served in various management roles with Digital Equipment Corporation (DEC), Booz-Allen & Hamilton (in US and Asia-Pacific) and Lucent Technologies. His more recent experience includes leadership roles with young technology companies. In 1998 he founded, and served as president and CEO of Lucent Digital Radio, Inc., a spin-off The situation that arises when a parent corporation organizes a subsidiary corporation, to which it transfers a portion of its assets in exchange for all of the subsidiary's capital stock, which is subsequently transferred to the parent corporation's shareholders. from Lucent Technologies targeting the development of a broadcast standard for digital AM and FM radio. He built the company into the technology leader in its space and later led its merger into Ibiquity Digital Corporation. Following the merger he continued to serve on Ibiquity's Board of Directors as its Co-Chairman until 2002. Since that time he has served as CEO of MobileQ, Inc., a provider of mobility software for enterprises and carriers, and most recently as CEO of Enquera, Inc., a privately held software company offering an ultra-fast data analysis platform for specialized applications in enterprise and scientific markets. "I am extremely pleased to be joining AuthentiDate," said Suren Pai. "It is a privilege to have the opportunity to lead the company at this exciting stage in its growth cycle. I believe that AuthentiDate is positioned well to address the emerging content security market, and we have strong resources to establish the company as a market leader in this space." Suren Pai received an M.B.A. from the Tuck School at Dartmouth. He also holds an M.S. from the University of Massachusetts The system includes UMass Amherst, UMass Boston, UMass Dartmouth (affiliated with Cape Cod Community College), UMass Lowell, and the UMass Medical School. It also has an online school called UMassOnline. , and a B.Tech. from the Indian Institute The Indian Institute in central Oxford, England is located at the north end of Catte Street on the corner with Holywell Street and faching down Broad Street from the east.[1] of Technology, New Delhi New Delhi (dĕl`ē), city (1991 pop. 294,149), capital of India and of Delhi state, N central India, on the right bank of the Yamuna River. . 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. DocStar sells proprietary document imaging software that includes the AuthentiDate technology. AuthentiDate and AuthentiDate AG provide the authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. of digital data through its proprietary and patent pending technology. AuthentiDate intends to establish itself as the authority on "content security" as it is a growing sector of the electronic network security infrastructure market. DJS delivers professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. centered around technology systems integration projects, staff augmentation AUGMENTATION, old English law. The name of a court erected by Henry VIII., which was invested with the power of determining suits and controversies relating to monasteries and abbey lands. , out-tasking, outsourcing services and resells computer related products. Trac Medical offers an electronic form processing solution and utilizes the AuthentiDate technology to prove the authenticity of the content represented in completed healthcare forms. This press release contains 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. 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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