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Celerity Systems Names Edward Kidston to Board of Directors.


Business Editors

KNOXVILLE, Tenn.--(BUSINESS WIRE)--Nov. 22, 2000

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. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:CLRT CLRT Continuous Lateral Rotation Therapy
CLRT Command Logistics Review Team
CLRT Cranial Laser Release Technique
) today announced that Edward A. Kidston has been named to its Board of Directors, effective November 9, 2000. Mr. Kidston is a major investor in Celerity, and his affiliate, the Kidston Family Companies, bought 1.5 million shares from Celerity earlier this year. Mr. Kidston has been actively assisting the management of the Company in some target markets during 2000.

"We are delighted to have a business person of Ed's caliber and enthusiasm as part of our Board," said Kenneth Van Meter Van Meter may refer to:
  • Van Meter, Iowa, a town in Dallas County, Iowa, United States
  • Homer Van Meter (1906-1934), an American criminal and bank robber
  • Vicky van Meter (b.
, 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, and Chairman of the Board. "Ed and his family have built an impressive group of companies in the Midwest, and he has served in a number of important capacities, including mayor, board member, and president of other entities. In addition to his business acumen and his proven success as a business leader, Ed has excellent contacts and an understanding of some of our best potential markets, such as energy companies and education. He will be a big addition to what I already consider a very strong Board."

"I am pleased to be elected to this position," added Mr. Kidston. "I think that we are seeing the very beginning of the Digital Age, and as it increasingly affects almost every aspect of our lives, I think it is exciting to be involved with a company like Celerity. Celerity appears to have the right technologies and the leading edge thinking to potentially play a big role in the digital future. I am excited to be a part of it."

Celerity Systems is a provider of advanced digital set top boxes and video servers for the interactive television and high speed Internet markets. Celerity can also provide end-to-end systems through strategic relationships with leading companies including Nortel, Cisco, Battelle Laboratories, Marconi, nCube, Minerva Systems and Innovacom.

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 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 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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Publication:Business Wire
Date:Nov 22, 2000
Words:399
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