Basis100 Appoints New President and COO.Business Editors TORONTO--(BUSINESS WIRE)--Jan. 18, 2000 (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BAS.) Basis100 Inc., an Internet-based e-commerce solutions provider, announced today that, effective January 31, 2000, Patricia Nielsen will assume the position of President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. (COO). Nielsen previously 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 President for GE Capital IT Solutions Canada (GECITS), an organization with approximately 1,750 employees and annual revenue in excess of $1 billion. Nielsen has also held various senior management positions within GECITS, including Vice President of Services and Marketing. GECITS is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of GE group of companies and one of the largest IT companies in Canada. "I am thrilled with this opportunity," said Patricia Nielsen, newly appointed President and COO for Basis100. "I look forward to implementing Basis100's winning strategy and to working beside such seasoned individuals." "Pat is a dynamic individual with terrific insight into both the financial services and technology sectors," said Gary Bartholomew, Chairman and CEO for Basis100. "Given her experience and industry expertise, I have absolute confidence in her ability to execute on our business model." Nielsen has extensive industry acumen and has served on several advisory boards with companies such as Compaq, IBM, Hewlett Packard and Toshiba. Nielsen has accepted numerous awards including the GE Capital Pinnacle Winner and the CIO Excellence Award. Basis100 Inc. currently operates in North America and is listed on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the trading symbol BAS. The company, a leading provider of Internet-based business-to-business e-commerce solutions, focuses on creating mortgage, consumer credit, securitization, and fixed income electronic marketplaces. Basis100 provides its technology to financial institutions, intermediaries, and service providers. CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. #: 070120 10 |
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