CenterSpan Elects Jerome J. Meyer to the Board of Directors.HILLSBORO, Ore.--(BUSINESS WIRE)--Oct. 12, 1999-- CenterSpan Communications (Nasdaq:TMSR TMSR Thorium Molten Salt Reactor TMSR Technical Manual Seatask Requirement ) today announced that the Board of Directors has elected Jerome J. Meyer as a Director of the Company to replace Milt Smith, 64, who has resigned in an effort to reduce his work load as he nears retirement. The membership of CenterSpan's Board remains at eight. Meyer, 61, is Chairman of the Board of Directors, Chief Executive Officer and President of Tektronix (NYSE NYSE See: New York Stock Exchange :TEK See TeX. ). Mr. Meyer has been a director of Tektronix since 1990, and became President and Chief Executive Officer in November 1990. Meyer was Corporate Vice President of Honeywell Inc. (an electronics manufacturer) from August 1986 until April 1988, and President and Chief Executive Officer of Honeywell Bull Inc., now known as Bull Information Systems, Inc., from April 1987 until July 1988. He returned to Honeywell, Inc. and served as President of their industrial business until joining Tektronix in November 1990. Meyer is a director of Standard Insurance Company and Enron Corporation Enron Corporation, U.S. company that in 2001 became the largest bankruptcy and stock collapse in U.S. history up to that time. The company was formed in 1985 when InterNorth purchased Houston Natural Gas to create the country's longest natural-gas pipeline network. . "I am very impressed with the vision and enthusiasm of the executive management team and look forward to working with the Board of Directors and entire CenterSpan team," stated Meyer. "We are extremely pleased to have Jerry on the Board. The breadth and depth of his experience will be a valuable resource for us as we pursue our Internet communications and collaboration strategy in our new life as CenterSpan Communications," stated 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. . About CenterSpan Communications Corporation CenterSpan Communications Corp. (formerly ThrustMaster, Inc.) develops and markets software solutions 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 October 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 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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