Bynari Inc. adds Entrepreneur of the Year -- CNN/NASDAQ/Ernst & Young in 1999 -- to its Board; Linux Consultants Moving Further Into Telecom Corridor.Business Editors DALLAS--(BUSINESS WIRE)--March 7, 2000 Today, Tom Adelstein, Founder and CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. of Bynari Inc. announced the appointment of E. Scott Crist, Chief Executive Officer of Telscape International, Inc. (Nasdaq:TSCP TSCP Tom Kerrigan's Simple Chess Program TSCP Transatlantic Secure Collaboration Program TSCP Theater Security Cooperation Plan TSCP Targeting Station Control Panel TSCP Tandem Service Control Point TSCP Time Slot Communication Procedure ) to their the Board of Directors. Telscape International, Inc. operates an integrated communications company focused on the voice, video, data and Internet markets in Latin America. Bynari provides Internet content, Web services and e-commerce solutions and embedded systems utilizing the popular Linux operating system. Bynari also focuses on emerging markets, especially Latin America. "Obviously, Scott brings vitality to Bynari and industry experience we need," says Tom Adelstein. "Scott will also provide a boost to the Linux space, and he is interested in seeing more Linux accessibility showing up in emerging countries." Mr. Crist also has a significant track record in new business development. He was formerly President and Chief Executive Officer for Matrix, a telecommunications company which ranked No. 7 on the Inc. Magazine list of the 500 fastest growing private companies in the U.S in 1995. He also founded DNS (Domain Name System) A system for converting host names and domain names into IP addresses on the Internet or on local networks that use the TCP/IP protocol. For example, when a Web site address is given to the DNS either by typing a URL in a browser or behind the Communications, a domestic long-distance company and served as its Chairman and Chief Executive Officer until its merger with Matrix. "My association with Bynari helps our team attain a new dimension, especially in the markets holding the greatest interest to me," says Scott. "Telscape's focus in Latin America may allow us to promulgate To officially announce, to publish, to make known to the public; to formally announce a statute or a decision by a court. Linux in emerging nations. That's a vision Tom Adelstein and I share intensely." Mr. Crist considers himself a cross between an entrepreneur and venture capitalist Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. . In the last six years, he has founded and grown two companies to annual revenues in excess of $100 million, and has averaged triple digit annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. returns for his investors. "Scott's accomplishments live on the fast track," says Adelstein. "We all have to remember, he's only 35 years old." Earlier in his career, he was Vice President of Acquisitions for Trammell Crow Group, specializing in U.S. capital market transactions, and previously worked for IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) and Booz-Allen Hamilton. Mr. Crist has an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from the Kellogg School at Northwestern University and a BS in Electrical Engineering from NC State University. Mr. Crist was named an Houston Entrepreneur of the Year by CNN/ NASDAQ/Ernst & Young in 1999. He is on the board and/or a significant investor in several early-stage technology companies including SalvageSale.com, iWitness, Realuse.com, Billserv.com (NASDAQ:BLLS) and now Bynari Inc. |
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