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Centiv Announces New President & Chief Operating Officer.


Business Editors

VERNON HILLS, Ill.--(BUSINESS WIRE)--Oct. 30, 2002

Centiv, Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:CNTV CNTV Comisión Nacional de Televisión (Spanish, Colombia) ), announced today that John P. Larkin has joined Centiv as President and Chief Operating Officer Chief Operating Officer (COO)

The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president.
. In this newly created position, Mr. Larkin will be responsible for working with leading consumer packaged goods Noun 1. packaged goods - groceries that are packaged for sale
foodstuff, grocery - (usually plural) consumer goods sold by a grocer

plural, plural form - the form of a word that is used to denote more than one
 companies to help them manage their localized point-of-purchase advertising with Centiv's web-based solution. "John has a proven track record of introducing paradigm-changing technologies that have helped this industry target its customers with high-impact promotions," said William Rychel, Centiv's 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. . "We are very excited to have someone of John's caliber join Centiv in a senior position."

Prior to joining Centiv, Mr. Larkin served from 1994 until June, 2001 as President and Chief Executive officer of Spectra Marketing Systems, Inc., a company he co-founded in 1988. In 1994, Spectra was acquired by VNU VNU Volontaires des Nations Unies (French)
VNU Verenigde Nederlandse Uitgeversbedrijven (Dutch)
VNU Virtual Network User
, a global leader in market research, that provides measurement and analysis of marketplace dynamics, consumer behavior and audience measurement. Spectra's services have become a standard in the Consumer Packaged Goods industry, and are used on a daily basis by the top 200 CPG CPG

central pattern generators.
 manufacturers to track and analyze their marketing programs and strategies.

Before founding Spectra, Mr. Larkin was Vice President - Product Management at Information Resources (1) The data and information assets of an organization, department or unit. See data administration.

(2) Another name for the Information Systems (IS) or Information Technology (IT) department. See IT.
, Inc. Mr. Larkin began his career with various positions at Procter & Gamble and The Minute Maid Minute Maid is a product line of beverages, usually associated with orange juice, but now extends to soft drinks of many kinds, including Hi-C.

Minute Maid was the first company to market orange juice concentrate, allowing it to be distributed nationwide and served
 Company and also served as Director of Sales Planning and Operations at The Treesweet Company. He holds a BS/BA from the University of Kentucky Coordinates:  The University of Kentucky, also referred to as UK, is a public, co-educational university located in Lexington, Kentucky. .

"Centiv is changing the way companies create and manage their point-of-purchase advertising," commented Larkin. "Their web-enabled solutions provide a high return on investment while meeting the needs of each market and customer. I look forward to working with companies in this industry to help them harness the power of this new technology."

About Centiv

Centiv, Inc. (NASDAQ:CNTV), headquartered in Vernon Hills, IL, offers solutions for locally customized POP signage to the Consumer Packaged Goods industry. The delivered product is high quality, digitally produced signage that is mass-customized for the unique requirements of each retail location. Centiv's P.O.P. services are currently used by leading U.S. Corporations. Additional information regarding Centiv, Inc., may be obtained by contacting Centiv headquarters, 998 Forest Edge Drive, Vernon Hills, IL 60061. Please phone 866-CENTIV1, fax 847-955-1269, or visit www.centiv.com for a product demonstration.

This press release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this press release and include all statements that are not historical statement of fact. The words "may," "would," "could," "will," "progress toward," "move forward," "actively pursuing," "increase," "optimistic", "expect," "estimate," "anticipate," "believes," "intends," "plans," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that such statements are not guarantees of future performance and involve various risks and uncertainties, many of which are beyond the Company's control. Actual results may differ materially from those discussed in the forward-looking statements as a result of factors described below. These risks include, but are not limited to, competitive market pressures, material changes in customer demand, availability of labor, the Company's ability to perform contracts, governmental policies adverse to the computer industry, economic and competitive conditions, and other risks outside the control of the Company, as well as those factors discussed in detail in the Company's filings with the Securities and Exchange Commission, including "Factors That May Affect Future Results" section of the Company's Annual Report on 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.
 for the fiscal year ended December 31, 2001.
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Publication:Business Wire
Date:Oct 30, 2002
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