Carl Whitehead Named CyPost President.Business Editors NEW YORK--(BUSINESS WIRE)--April 25, 2000 Robert Sendoh, Chairman 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. of CyPost Corporation (Pink Sheets: POST), announced today that Carl Whitehead, formerly Director of Strategic Growth, has been named President. Whitehead, a co-founder of the company, will continue as a member of the Board of Directors. CyPost, which has offices in Japan, the United States and Canada, has completed five Internet acquisitions in the past year and recently completed the acquisition of Playa playa or pan or flat or dry lake Flat-bottomed depression that is periodically covered by water. Playas occur in interior desert basins and adjacent to coasts in arid and semiarid regions. Corporation of Japan, developers of Yabumi Instant Messaging, E-greeting cards and e-mail services. Prior to co-founding CyPost three years ago, Mr. Whitehead was the President of Futuresite Productions, an early leader in providing business with sophisticated LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. and WAN computer network solutions. In tandem with Robert Sendoh in 1996, he commissioned software and hardware solutions that enabled point of purchase Internet access via secure remote data terminals. The spin-off of this technology formed the base of CyPost. Sendoh commented, "The appointment of Carl Whitehead to the presidency of CyPost at this moment of our surging growth and diversification, gives us the vigorous thrust we need from both the business and technical sides. Carl's combination of youth and experience and the value of his knowledge of the company from its inception provides us with an enormous asset." CyPost is currently trading on the National Quotation Bureau National Quotation Bureau A service that publishes bid and offer quotes from market makers in OTC transactions. National Quotation Bureau "Pink Sheets". Current trading information can be obtained through brokerage houses, selected online wire feeds such as MSN (1) (MicroSoft Network) A family of Internet-based services from Microsoft, which includes a search engine, e-mail (Hotmail), instant messaging (Windows Live Messaging) and a general-purpose portal with news, information and shopping (MSN Directory). Money Central, Bloomberg.com, or by contacting the company. About CyPost CyPost Corporation (www.cypost.com) develops and bundles e-communication tools for use on the Internet and private networks. The company provides complete security management, including encryption technology, anti-virus software and content management applications, for use at entry points and gateways to the Internet. The CyPost Network of Service Providers is a network of wholly owned Application and 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. that offers the most up to date solutions available to subscribers. Except for historical matter contained herein, the matters discussed in this press release are forward-looking statements and are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of 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. These forward-looking statements reflect assumptions and involve risks and uncertainties, which may affect CyPost Corporation's business and prospects and cause actual results to differ materially from these forward looking statements. NOTE: Picture of Carl Whitehead available at www.cdn-news.com |
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