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:
"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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