CORRECTING and REPLACING NaviSite Appoints New General Counsel.Business Editors/High-Tech Writers CORRECTION ... by NaviSite, Inc. ANDOVER, Mass.--(BUSINESS WIRE)--Sept. 19, 2003 Sixth graph, first sentence of release dated Sept 8, 2003 should read: Drake replaces NaviSite's former VP and General Counsel Rich DeWaele and will work directly with NaviSite 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. , Arthur Becker, out of the company's Manhattan office. The corrected release reads: NAVISITE APPOINTS NEW GENERAL COUNSEL NaviSite, Inc. (Nasdaq: NAVI NAVI Nuclear Arms Verification Instrument NAVI New Analog Video Interface ), a leading provider of application, messaging and infrastructure management services, today announced that it has named Kenneth Drake as its new General Counsel. Mr. Drake will provide guidance and strategic counsel to NaviSite senior management, while overseeing the company's legal and regulatory affairs Regulatory Affairs (RA), also called Government Affairs, is a profession within regulated industries, such as pharmaceuticals, medical devices, energy, and banking. Regulatory Affairs professionals usually have responsibility for the following general areas: Mr. Drake joins NaviSite from the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of office of Heller Ehrman Heller Ehrman LLP is an international law firm of more than 700 attorneys working across 13 offices in the United States, Europe, and Asia.[2] Heller Ehrman was founded in San Francisco in 1890 and has additional offices located in most of the major financial centers White & McAuliffe LLP LLP - Lower Layer Protocol , where he was a senior corporate associate. At Heller Ehrman, he supervised mergers and acquisitions and private placements, as well as performed general corporate legal tasks. Mr. Drake also has significant experience in the preparation and review of SEC filings. Mr. Drake's experience prior to Heller Ehrman includes being general counsel and secretary at Phlair, Inc., a New York- based application software company, a legal consultant to a diverse group of start-up companies start-up company A new business. , and a corporate associate for over six years at Sonnenschein Nath & Rosenthal. Mr. Drake received his law degree from Columbia Law School Columbia Law School, located in the New York City borough of Manhattan, is one of the professional schools of Columbia University, a member of the Ivy League, and one of the leading law schools in the United States. and his Bachelor's of Science degree from SUNY-Binghamton. Mr. Drake commented, "I am excited to be joining NaviSite. I believe the company, with its new senior management, its dedicated employees, and its recent acquisitions, will continue to be a leader in its industry." Drake replaces NaviSite's former VP and General Counsel Rich DeWaele and will work directly with NaviSite CEO, Arthur Becker, out of the company's Manhattan office. "We are extremely fortunate to bring a person of Ken Drake's experience into our organization," said Arthur Becker, NaviSite's CEO. "His background, dedication and passion for excellence will be a valuable asset to NaviSite." About NaviSite, Inc. Founded in 1997, NaviSite, Inc, (NASDAQ: NAVI) is a leading provider of application, messaging and infrastructure management services for more than 800 customers consisting of mid-market enterprises, divisions of large multinational companies, and government agencies. For more information, please visit http://www.navisite.com. This release may contain 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. that address a variety of subjects, including cost savings and efficiency gains. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward- looking statements: NaviSite's recent acquisitions may not produce expected cost savings, operational efficiencies or revenues; NaviSite's products, technologies and resources may not successfully interoperate with the technology, resources and/or applications of third parties; further slow down in general economic conditions; the loss of customers due to the shutdown of their businesses; decreased or delayed purchase patterns of prospective or current customers or loss of current customers and market consolidation; the decreased renewal rate of our customers; increased competition and technological changes in the markets in which NaviSite competes; the effects of any combination involving ClearBlue Technologies, Inc. and affiliated entities; the effects of any future acquisitions of businesses or technologies; changes in the uses of the Internet; and possible failure of systems or internal infrastructure. For a detailed discussion of these and other cautionary statements, please refer to the filings made by NaviSite with the Securities and Exchange Commission, including the most recent 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. of NaviSite and the most recent Quarterly Report on Form 10-Q Form 10-Q See 10-Q. of NaviSite. |
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