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Centiv Appoints New CEO.


Business Editors

VERNON HILLS Vernon Hill II (born circa 1946) is the founder and former chairman, president, and chief executive officer of Commerce Bancorp and Commerce Bank of Cherry Hill Township, New Jersey. , Ill.--(BUSINESS WIRE)--Jan. 2, 2003

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 the resignation of William M. Rychel as Chief Executive Officer effective immediately. John P. Larkin, Centiv 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.
, has been named Chief Executive Officer and has been appointed as a Director on the Centiv Board pending shareholder approval.

"John Larkin John Larkin is the name of several individuals:
  • John Larkin (Boston deacon) (died 1808) deacon of the Old North Congregational Church in Boston, who provided the horse ridden by Paul Revere following the hanging of warning lanterns in that church
 joined Centiv to drive the expansion of our Instant Impact(TM) product offering, which we have targeted as the future of the company," said Steven Carnevale, Centiv's Chairman. "For the past 24 months, we have been in the process of transitioning our prior business model to Instant Impact. Recent market conditions have accelerated this transition and made this an ideal time for to John step in and more sharply focus the company's efforts," said Carnevale.

Mr. Larkin commented: "The Web-enabled platform of Centiv's Instant Impact solution leverages new technologies in a way we believe will fundamentally change existing business processes in the application of POP signage. There is a growing trend for brands to communicate more directly with consumers at the point of sale. Our solution for custom signage lets brands control the message while letting sales organizations meet the needs of each individual market or retail locations." Larkin continued, "After 14 years of leading Years of Lead may refer to:
  • Years of Lead (Morocco) (années de plomb), 1970's-80s
  • Years of Lead (Italy) (anni di piombo), 1960s-70s and the strategy of tension
  • The Brazilian military dictatorship (anos de chumbo), from 1964 to 1985
 marketing services companies within the 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
 industry, I'm extremely excited about the future of Centiv."

Mr. Rychel stated in a letter to the Board that he was resigning to pursue outside interests. He has agreed to assist Mr. Larkin and the Board in an orderly transition.

About Centiv(R)

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 for local and regional customized point-of-sale programs. Additional information regarding Centiv, Inc., may be obtained by contacting Centiv headquarters, 998 Forest Edge Drive, Vernon Hills, IL 60061. Phone 847-876-8300 or fax 847-955-1269, or visit its website: http://www.centiv.com for a product demonstration.

This press release contains statements that constitute 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.
 within the meaning of Section 27A of the Securities Act of 1933, as amended a·mend  
v. a·mend·ed, a·mend·ing, a·mends

v.tr.
1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive.

2.
, 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", "increase", "expect", "implement", "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.
COPYRIGHT 2003 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 2, 2003
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