Bentley Appoints Mark Savoy as New President.Business Editors LOS ANGELES--(BUSINESS WIRE)--Jan. 30, 2003 Bentley Communications Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BTLY) announced today that it has appointed Mark Savoy as its new president. Mark will immediately assume the role of president and will assume the 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. position as soon as the acquisition is complete. Mr. Savoy has nearly 20 years experience in the "Alternative Finance" arena. While working as a real estate developer, Savoy immediately recognized the benefits of trade/barter for his business endeavors. Realizing the power of this growth industry and the vast untapped market, he decided to focus his energies full time on alternative forms of finance and it was not long before he was heading up retail exchanges as well as corporate barter barter: see exchange. barter Direct exchange of goods or services without the use of money or any other intervening medium of exchange. Barter is conducted either according to established rates of exchange or by bargaining. companies. Savoy was the youngest individual to serve as senior vice-president of ABS (Automatic Backup System) See backup program. Worldwide, one of the world's largest barter organizations. Prior to this prestigious post, Savoy was president of the World Trade Consortium, an international barter organization. Mr. Savoy is a well-respected member of the International Reciprocal Trade Association (IRTA IRTA Institut de Recerca i Tecnologia Agroalimentàries (Institute of Agricultural-Alimentary Research and Technology) IRTA International Reciprocal Trade Association IRTA Illinois Retired Teachers Association ) and has been asked to speak and facilitate workshops at several annual meetings. In addition, he has served on the board of the Corporate Barter Council (CBC (1) (Cell Broadcast Center) See cell broadcast. (2) (Cipher Block Chaining) In cryptography, a mode of operation that combines the ciphertext of one block with the plaintext of the next block. ), which was composed of the six largest "alternative finance" companies in the world. Currently, Savoy is serving as CEO of exchangemall.com and was responsible for the acquisition of First National Information Network (FNIN), a multi-million dollar teleservices company. In addition, Savoy also serves as CEO of Millennium Exchange and was responsible for the acquisition of 80% of the licensing rights of Bartercard USA from Bartercard Intl., the world's largest Trade and Barter Company. Bartercard Intl. is currently facilitating over 1.2 billion dollars worth of trade each year and had over 50 million in earnings in '02. Gordon Lee Gordon Lee may refer to:
About Bentley Communications Bentley Communications' focus has been on the implementation of e-commerce services such as Internet payments via ATM cards An ATM card (also known as a bank card, client card, or cash card) is an ISO 7810 card issued by a bank, credit union or building society. Its primary uses are: adj. 1. Occurring or completed without perceptible delay: Relief was instantaneous. 2. transaction credits to the merchant whether it is a cash or trade transaction or blend. Bentley Communications provides payment solutions for any company on or off line. Bentley Communications is in the process of transforming BartercardUSA to a completely automated payment system. For the first time in the trade and barter industry in the U.S., each trade/barter transaction will be settled at the point of sale. About exchangemall.com Exchangemall.com operates two separate businesses, First National Information Network and exchangemall.com. First National Information Network (FNIN) provides marketing, database and lead generation services to a large variety of clients with a focus to the financial market. FNIN's current client roster includes some the largest brokerage houses in the United States as well as several Canadian clients. Exchangemall.com operates an Internet mall that provides services to enable online barter transactions. For more information please visit www.exchangemall.com or www.fnin.com. About Millennium Exchange and Bartercard USA Millennium exchange was launched in 2000 to pursue the rapidly growing barter market. BartercardUSA was launched in 2001 to bring Bartercard's system to the USA. In April 2002 Millennium Exchange purchased 80% of BartercardUSA and merged its barter members and operations into BartercardUSA. BartercardUSA is the U.S. Licensee licensee n. a person given a license by government or under private agreement. (See: license, licensor) LICENSEE. One to whom a license has been given. 1 M. Q. & S. 699 n. for Bartercard International. Established 11 years ago, Bartercard International has licensees in over 14 countries and over 50,000 businesses worldwide are already Bartercard members. The Bartercard system generated over $1 billion in trade last year and reports volume increasing by 20% per year. More information on Bartercard International is available at www.bartercard.com. 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. : Certain statements in the news release may constitute "forward looking" statements within the meaning of section 231E of the Securities Exchange Act of 1934. Such forward looking statements involve risk, uncertainties, and other factors, which may cause the actual results, performance expressed or implied by such forward looking statements to differ materially from the forward looking statements. |
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