CenterSpan Elects Frank G. Hausmann Chairman of the Board and Elects Lee E. Mikles as a Director.Business Editors/Technology Writers HILLSBORO, Ore.--(BUSINESS WIRE)--March 15, 2000 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 election of 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. , to Chairman of the Board of Directors, and the election of Lee E. Mikles as a Director. CenterSpan also announced the retirement of two Directors: Norm Winningstad and Graham Dorland. Winningstad has served as a Director and Chairman since the Company's founding in 1990. Dorland has served as a Director since 1993. With these changes, the number of board members decreases from eight to seven. Mikles, 44, is Chairman of Mikles/Miller Management, Inc., a registered investment advisor Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in located in Century City, California. Formed in 1992, Mikles/Miller manages over $200 million and is the managing general partner of the Kodiak family of funds Family of Funds A group of mutual funds offered by one investment or fund company. Each mutual fund has different characteristics and can range depending on investment objective. Also referred to as a "Mutual Fund Family" or simply a "Fund Family". . Prior to the formation of Mikles/Miller Management, Inc., Mikles headed Mikles/Miller Group, an affiliate of Shearson Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. . Mikles has served in the corporate finance departments of Bateman Eichler, Hill Richards Inc. and Drexel Burnham Lambert Drexel Burnham Lambert was a major Wall Street investment banking firm, which first rose to prominence and then was driven into bankruptcy in the 1980s by its involvement in illegal activities in the junk bond market, driven by Drexel employee Michael Milken. , Inc. Mikles serves on the Board of Directors of Imperial Bancorp (NYSE NYSE See: New York Stock Exchange :IMP (Interface Message Processor) The first router used in the ARPAnet. It was a Honeywell 516 minicomputer with special interfaces and software written by BBN. Imp of the Perverse perversity as motive for men’s actions. [Am. Lit. ), Coastcast Corp. (NYSE:PAR), Official Payments Corp. (Nasdaq:OPAY), and Boss Holdings, Inc. "I am thrilled to have the opportunity to join the Board of Directors of CenterSpan. I believe the company has three great assets: management team, technology and market opportunity. The management team is first class; the core technology is from the Intel Architecture Labs Intel Architecture Labs, also known as IAL, was the Personal Computer system research and development arm of Intel Corporation during the 1990s. IAL was created by Intel Vice-President Ron Whittier together with Craig Kinnie and Steven McGeady to develop the hardware and and the market opportunity is worldwide. I look forward to working with the Board and the management team to position this company as the leading provider of Internet communication and collaboration solutions for small groups," stated Mikles. "We are honored that Lee has accepted our invitation to join the CenterSpan Board. His seasoned approach to investment management will bring a unique perspective to our e-commerce business model, corporate development opportunities and investor activities," stated Frank G. Hausmann, CenterSpan's Chairman and CEO. Norm Winningstad stated, "I will celebrate my 75th birthday this year and will be increasingly focusing on less demanding pursuits. I am very confident that Frank will be a strong Chairman and CEO and lead CenterSpan to great success. I leave the Board and the company in very capable hands." Graham Dorland was invited to join the Board in 1993 when the company was making its national debut in high end flight controllers for the PC and needed additional expertise in distribution. "We were successful in seizing that opportunity, but the company is now clearly in a new incarnation. I see significant opportunity for CenterSpan and believe Frank and his management team have a great vision and are extremely capable of executing and positioning CenterSpan for success," stated Dorland. Hausmann added, "I wish to thank Norm and Graham for their commitment and many outstanding contributions to the company, and wish them both well in their future pursuits." About CenterSpan Communications Corporation CenterSpan Communications Corp. (formerly ThrustMaster, Inc.) is a developer of software applications for PC-to-PC 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. and multi-point audio over the Internet enabling group communication and collaborative activities. Historically, the bulk of the Company's revenue and earnings was derived from the ThrustMaster game controller hardware business. The Company is now focusing exclusively on its next generation PC-to-PC approach to text messaging, multi-point audio and other technologies that enable real-time small group interaction over the Internet. This press release includes 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. . 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 timely release of new products, 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 prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc forward-looking statements made by the Company, as well as to other aspects of the Company's business. |
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