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CenterSpan Communications Names Chief Financial Officer; Mark B. Conan, Formerly Vice President of Finance for Crown Pacific, Joins CenterSpan as CFO.


HILLSBORO, Ore.--(BUSINESS WIRE)--Nov. 1, 1999--

CenterSpan Communications (Nasdaq:CSCC CSCC Calgary Sports Car Club (Alberta, Canada)
CSCC Clemson Sports Car Club
CSCC Columbus State Community College (Ohio)
CSCC Classic Sports Car Club (UK) 
) today announced the appointment of Mark B. Conan to the position of Vice President of Finance and Administration and Chief Financial Officer.

Conan will join the Company Nov. 8, 1999.

Conan joins CenterSpan from Crown Pacific (NYSE NYSE

See: New York Stock Exchange
:CRO) where he was Vice President of Finance and responsible for finance and cash management, financial statement and SEC reporting, tax, budgeting and forecasting, information systems, investor relations Investor relations

The process by which the corporation communicates with its investors.
 and mergers and acquisitions. Conan participated in Crown Pacific's 1994 IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard.  and led follow-on equity and debt offerings in 1996 and 1998 totaling $450 million. Prior to joining Crown Pacific, Conan spent 10 years at Price Waterhouse.

"I am extremely excited about the CenterSpan vision. I am convinced there is a significant need for an easy-to-use Internet communication and collaboration application for the mass market and see the opportunity in front of us as being truly global," stated Conan.

Frank G. Hausmann, CenterSpan's 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.  commented, "Mark's financial, SEC and deal experience will be a great asset. I have known Mark for over 12 years and I am extremely confident that he will provide keen financial leadership, execution and insight as we pursue our Internet communications and collaboration strategy."

About CenterSpan Communications Corporation

CenterSpan Communications Corp. (formerly ThrustMaster, Inc.) develops and markets software products for client-to-client instant voice and text messaging Sending short messages to a smartphone, pager, PDA or other handheld device. Text messaging implies sending short messages generally no more than a couple of hundred characters in length.  over the Internet, enabling collaborative information sharing See data conferencing.  between users on different computers. Historically, the bulk of the company's revenue and earnings has been derived from the ThrustMaster game controller hardware business. The company closed the sale of its game controller hardware business, including the ThrustMaster name, for $15 million in cash on Oct. 1, 1999. The company is now focusing exclusively on its next generation products and unique client-to-client approach to multi-point audio and other technologies that enable real-time small group multimedia interaction over the Internet.

This press release may include forward-looking statements. Investors are cautioned that forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. The Company's Internet community and communications initiative is a new business in a rapidly evolving market. Specific statements regarding the new business model, potential earnings leverage, accelerated delivery of new product and distribution leverage are forward-looking statements. Historically, the ThrustMaster game controller hardware business has accounted for substantially all of the Company's assets, liabilities, revenues and expenses. Investors are encouraged to review the Company's filings with the Securities and Exchange Commission, including the Company's 1998 Form 10-K Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
, which are available from the Company without charge, for a further description of the risks and uncertainties relating to relating to relate prepconcernant

relating to relate prepbezüglich +gen, mit Bezug auf +acc 
 forward-looking statements made by the Company as well as to other aspects of the Company's business.
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 1, 1999
Words:457
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