Celerity Systems Adds Key Staff.Business Editors/Technology Writers KNOXVILLE, Tenn.--(BUSINESS WIRE)--Sept. 10, 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 ) has added several key staff members as it continues the development, marketing and production of its interactive TV and high speed Internet products and services, particularly its T 6000 Digital Set Top Box and its CTL See control key. 1. CTL - Checkout Test language. 2. CTL - Compiler Target Language. 3. CTL - Computational Tree Logic 9500 Digital Video Server. Recent additions include: James Hudson, Director of Sales and Marketing. Mr. Hudson was previously Director of Sales and Marketing for Ntown, a value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. in Knoxville, but prior to that led the CD ROM software business unit sales unit sales Sales measured in terms of physical units rather than dollars. Unit sales data are often used by financial analysts when evaluating the health of a company. and marketing activities for Celerity. He has over ten years' successful experience in marketing and sales of high technology, software-centric products and services. Being already familiar with Celerity and its products and services makes him particularly valuable. Keith Hodge, Production Manager. Mr. Hodge comes to Celerity from a production management position at Denso. He has over ten years' management experience in producing high technology products in high end automated plants. He will coordinate Celerity's production of set top boxes and servers at third party plants in Tennessee, Alabama and Oregon. Alice Gilliam, Customer Service Manager. Ms. Gilliam has over fifteen years' success in increasing levels of management responsibility in the customer service role, most recently with American Disk and Video. She will establish and manage direct and third party service, support, billing, and other processes and programs to support Celerity's business and consumer customers in all its markets. "We are pleased to add these excellent people to our team, especially those that we know from past experience to be solid performers and valued contributors," said Kenneth Van Meter, 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 Celerity Systems. "We have a lot of work to do, and we are still looking for people in a few other key positions, but we hire slowly and carefully to ensure that we get top quality team members. Nothing is more valuable to a growing company than highly motivated, productive people with the right expertise." Celerity Systems is a provider of advanced digital set top boxes and video servers for interactive television and high-speed Internet. Key markets include multihousing, schools, energy companies, hospitality, hospitals and assisted living, telcos, and corporate applications. 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 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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