Boca Research Names New CEO and Finalizes Name Change to Inprimis, Inc.Business Editors/High-Tech Writers BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--Sept. 29, 2000 Boca BOCA Building Officials and Code Administrators International, Inc. BOCA Bird Observers Club of Australia BOCA Business Object Component Architecture BOCA Borland Object Component Architecture (Borland) Research Inc. (Nasdaq:BOCI BOCI Bank of China International BOCI Buckner Orphan Care International ) today announced that its board has appointed Eduard Will as the company's 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 Nov. 1, and that its shareholders have approved the company's name change to Inprimis, Inc. Mr. Will has been a director of the company since August 1999. He will replace Robert W. Ferguson, who will continue to serve as the company's chairman of the board. "We are pleased to have such an experienced and knowledgeable individual to help guide our company in its new direction," commented Ferguson. "Mr. Will brings with him many years of international experience in the high tech market and will be an enormous asset to Inprimis, Inc." As part of the name-change to Inprimis, Inc., the company said it expects its stock will begin trading on the Nasdaq National Market under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors INPM INPM International Network on Personal Meaning during the first week of October. The name change reflects the company's transformation from a modem and computer peripherals hardware manufacturer to a provider of engineering and design services, software and technology for interactive-television, information/entertainment and Internet appliances. "The name change to Inprimis marks a major milestone for the company," said Larry Light, Inprimis's 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. . "It puts the finishing touch on our transformation and signifies the start of a new chapter in the company's history." About Inprimis Inprimis, Inc., through its 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. , Inprimis Technologies, Inc., provides product design services and the technology to help consumer electronics companies, cable operators, Internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. and telecommunications companies bring devices to market quickly and cost effectively. Headquartered in Boca Raton, Fla., the company develops product designs, customizes embedded system software and offers systems engineering and manufacturing consultation services for interactive-television, video-on-demand, Internet-access and other convergent-technology appliances. Inprimis's television set-top box designs are currently used by Philips Electronics and LodgeNet Entertainment. The company maintains strategic relationships with National Semiconductor, Liberate, Conexant Systems and Infomatec. For more information, call 561/997-6227 or visit the company's Web site at www.inprimis.com. Note to Investors: If you have any questions regarding your Boca Research Inc. stock certificates, please call our transfer agent EquiServe at 800/426-5523. Editor's Note: The Inprimis logo is available as a GIF file. To receive it, contact Julio Garcia at 305/446-2700 or via e-mail at jgarcia@thorpco.com. This release contains forward-looking statements that reflect management's best judgment, based on factors currently known. However, these statements involve risks and uncertainties, including the rate of development of the information appliance market generally, the successful development and market acceptance of new products and services, the degree of competition in the market for such products and services, competitive pricing practices, and low barriers of entry into the software development and services markets. Further, a significant portion of the company's sales is derived from a limited number of customers, the loss of one or more of which could adversely impact operating results. These and other risks are detailed in Inprimis's annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 1999, as well as in the company's other filings with the Securities and Exchange Commission (SEC). Such risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements included in this release. |
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