Bristol Retail Solutions, Inc. Announces Organizational Changes and the Appointment of a Chief Executive Officer and a Chief Financial Officer.Business Editors NEWPORT BEACH, Calif.--(BUSINESS WIRE)--June 9, 2000 Bristol Retail Solutions, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : BRTL) (the "company"), Friday announced the appointment of David Kaye as president and chief executive officer and William Kerechek as chief financial officer. Kaye replaces Michael Pollastro who was serving as both interim 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 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. . Pollastro will remain with the company in the capacity of executive vice president and COO. Kaye was also appointed as a member of the board of directors. Kerechek replaces Michael S. Shimada who resigned for personal reasons. Kaye, most recently, was a consultant specializing in turn-around situations and, during these past few months, had worked with the company to develop and implement its strategic plan. Prior to his consulting work, Kaye was founder and president of several companies. Kaye currently serves as a board member for Registry Magic. Kaye attended both New York University New York University, mainly in New York City; coeducational; chartered 1831, opened 1832 as the Univ. of the City of New York, renamed 1896. It comprises 13 schools and colleges, maintaining 4 main centers (including the Medical Center) in the city, as well as the and the University of Miami This article is about the university in Coral Gables, Florida. For the university in Oxford, Ohio, see Miami University. The University of Miami (also known as Miami of Florida,[2] UM,[3] or just The U , Coral Gables where he graduated with a Bachelor of Business Administration “BBA” redirects here. For other uses, see BBA (disambiguation). The Bachelor of Business Administration (BBA) is a bachelor's degree in business studies. . Kerechek, most recently was with the Tyson Seafood Division of Tyson Foods, Inc. as CFO See Chief Financial Officer. for eight years. Prior to that, Kerechek was the controller of the Louis Kemp Division of Oscar Mayer, Inc. for six years. In total, Kerechek has more than 25 years of accounting experience in the food industry. Kerechek has a BS in Accounting from the University of Illinois University of Illinois may refer to:
Kaye stated: "I am delighted with this opportunity. Bristol as the preeminent POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale reseller in the United States needs only to be fine-tuned to reach its full potential. Its mission for the year 2000 is 'to create value for our shareholders through profits earned by providing outstanding service and proven cutting edge products to our clients, while creating a fulfilling, supportive environment for our employees.' This statement ('mission statement') is one I totally support and will dedicate my efforts to achieving." Bristol Retail Solutions, with headquarters in Long Beach, Calif., provides retail automation products and services through an expanding network of point-of-sale businesses. Statements contained in this news release which are not historical information are forward-looking statements as defined within the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those projected or implied. Such potential risks and uncertainties include, but are not limited to, the company's operating history, certain risks related to the company's previous acquisition strategy, the need for additional financing to implement new strategies, intense competition and substantial fluctuations in future operating results. Additional factors which could affect the company's operating and financial results are described in the company's Annual Report on Form 10-KSB for the period ended Dec. 31, 1999 and subsequent Quarterly Reports on Form 10-QSB for the three month period ended March 31, 2000, all of which are on file with the Securities and Exchange Commission. Additionally, the company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements which may be made to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. |
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