Bentley Completes Management Transition.Business Editors LOS ANGELES--(BUSINESS WIRE)--Oct. 11, 2002 Bentley Communications Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BTLY) announced today that it has completed a previously announced management transition. Harry Hargens, President of Kryptosima, has joined Bentley's board and assumed the roles of Chairman, 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. . Effective immediately, Gordon Lee Gordon Lee may refer to:
"This is the completion of a management transition plan first announced July 31, as part of our plan to acquire Kryptosima," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Gordon Lee, outgoing Chairman. "And it is part of a larger strategic plan established this spring, to redirect Bentley into profitable new areas. For the past 5 months, we have been working to reposition Bentley as a transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. company. Mr. Hargens brings 20 years of experience in that industry to Bentley, and is the ideal candidate to lead Bentley's new strategic direction." "I am grateful to Gordon and Bentley's board and key shareholders for their confidence in me, and I look forward to this challenge," Hargens stated. "Gordon's leadership was essential to establishing Bentley's new direction, and his day-to-day involvement will be missed. While he is eager to focus his energies on new challenges outside of Bentley, he has agreed to remain on Bentley's Board for now." "We will now be directing all of our efforts towards Bentley's acquisition of Kryptosima, which we hope to complete shortly," Hargens continued. About Bentley Communications Corporation: Bentley's focus is on the implementation of services such as Internet payments via an ATM/Debit card from home or office, for online trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. of securities. By acquiring Kryptosima, Bentley is expanding its potential market to the entire eCommerce market. About Kryptosima: Kryptosima was founded in January 2000 to develop new Internet See Web 2.0 and Internet2. payment methods. Kryptosima's founders all have 20 to 30 years experience developing and marketing services, software, and/or hardware for the payments industry. 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 this news release may constitute "forward looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward looking statements involve risk, uncertainties, and other factors, which may cause the actual results, performance, or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion