Celerity Extends New Employment Contract to CEO.Business Editors & Technology Writers KNOXVILLE, Tenn.--(BUSINESS WIRE)--Dec. 12, 2001 Celerity ce·ler·i·ty n. Swiftness of action or motion; speed. See Synonyms at haste. [French célérité, from Old French, from Latin celerit Systems, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CLRT CLRT Continuous Lateral Rotation Therapy CLRT Command Logistics Review Team CLRT Cranial Laser Release Technique ) announced today that it has entered into a new employment contract with Kenneth D. Van Meter Van Meter may refer to:
"I appreciate the Board's endorsement," Mr. Van Meter said. "We have faced many difficult challenges, but I am optimistic about the Company and its prospects, and want to do all I can to achieve our goals. We have a great team of people here, and all of us are focused on achieving success." "We appreciate Ken's hard work and dedication up to this time", said Edward Kidston, of the Board of Directors. "We are confident that he will do his best to forward the Company's business, and this Agreement is an expression of that confidence." Celerity Systems is a provider of advanced digital set top boxes and video servers for interactive television and high-speed Internet. Target markets include condominiums and other hospitality properties, schools, energy companies, multihousing, and telcos. Celerity can also provide end-to-end systems through strategic relationships with leading technology companies. Celerity also provides content for entertainment and education applications. 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. Statement under 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: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission. |
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