Catuity Appoints Software Expert Advisor.Business Editors Catuity Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CTTY CTTY Control Teletype CTTY Console Teletype , ASX ASX See: Australian Stock Exchange : CAT) today announced the appointment of James L. Clark, Ph.D. as an advisor to the Board of Directors of Catuity. Jim Clark has more than 40 years experience in the computer and software industry in North America and throughout Asia. His experience covers most facets of computer-related technology, research, consulting, management and business activities including marketing and sales leadership and IPO's. David Mac Smith, Chairman of Catuity said, "Jim brings to Catuity extensive experience in technology and business in pattern modelling, data management, information retrieval and data analysis systems. We are moving in this direction and we have now obtained a very experienced advisor to assist us in identifying and evaluating the opportunities in data aggregation and data analytics." Jim is a co-founder, Executive Chairman and President at CloverWorxs Inc., a start-up, knowledge management software company with headquarters in Austin, Texas. Jim is a Director and Chairman of the Board of the Information Communication Institute of Singapore (ICIS ICIS Integrated Compliance Information System ICIS Institut Canadien d' Information sur la Santé ICIS International Conference on Information Systems ICIS Institute for Civil Infrastructure Systems ICIS Institute for Cooperation in Space ), a telecommunications collaboration established between ATT/Lucent Bell Laboratories and the Economic Development Board of Singapore. He is Adjunct Professor in the Information Systems Security Research Institute, School of Data Communications and Software Engineering, Faculty of Information Technology, Queensland University of Technology, Brisbane, Queensland. From 1995 to 2000 Jim was co-founder and Executive Chairman of two start-up companies, TreLos Inc. and Dascom Inc., focused on Linux and network security supporting supply chain management authentication and authorization for secure networking. 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) acquired these businesses in 1999. Between 1973 and 1996, Jim held a range of senior executive positions in Asia and North America. Jim was President 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 SCO Asia, Chairman of the Board of SCO China Software Company and Chairman of UNIX Systems Technologies China, joint ventures which he established in Beijing for SCO, AT&T/Lucent Technologies and the PRC government. He has held senior executive positions in ATT ATT ammonia tolerance test. Bell Labs UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). Software Operation, which became AT&T UNIX Systems Laboratories, where he held the positions of Vice President and Director of USL Inc., as well as President and CEO of UNIX Systems Laboratories Pacific, Tokyo, Japan. Prior to ATT Bell Labs Jim held senior executive positions in Control Data Corporation's Professional Services Division, Digital Equipment Corporation's Large Computer Group Software Division and worked ten years at the Los Alamos National Laboratory Los Alamos National Laboratory (LANL) (previously known at various times as Site Y, Los Alamos Laboratory, and Los Alamos Scientific Laboratory) is a United States Department of Energy (DOE) national laboratory, managed and operated by Los Alamos National in the Theoretical Physics and Computer Divisions. He is a distinguished fellow of the Institute of Electronics and Telecommunication Engineers and has published numerous papers on a range of computer software subjects. About Catuity, Inc. Catuity, Inc. is a leading provider of application software that allows merchants, transaction processors and payment card issuers to establish and administer customer incentive and loyalty programs integrated to the payment system at the point of sale. Catuity Loyalty Software can be used by a broad range of sellers of goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. , particularly those who sell through both store locations and over the Internet. Catuity's software has been included on millions of credit, charge and debit cards, and works on both magnetic stripe or chip or "smart" cards. With Catuity's loyalty solution, merchants can offer their customers valuable benefits, thereby attracting and retaining customers as well as encouraging increased purchases. More information on Catuity is available at its website: http://www.catuity.com. In conjunction with the provisions of the "Safe Harbor" section 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, this release may contain forward-looking statements pertaining to future anticipated projected plans, performance and developments, as well as other statements relating to future operations. All such forward-looking statements are necessarily only estimates of future results and there can be no assurance that actual results will not materially differ from expectations. Further information on potential factors that could affect Catuity, Inc. is included in the Company's Form 10-K, which is filed with the U.S. Securities & Exchange Commission. |
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