Chancellor Targets Technology With Hiring of New MIS Manager.Business/Technology Editors BOSTON--(BUSINESS WIRE)--Oct. 23, 2000 Chancellor Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: CHLR) announced today that it has added another new member to its management team. Effective immediately, Mr. Jason A. Gittle will assume the role of Management Information Systems Manager. With approximately 10 years of experience in Management Information Systems, Mr. Gittle brings a wealth of knowledge to Chancellor Corporation. Prior to joining Chancellor, Mr. Gittle served as the Customer Information Systems Manager for municipal electric systems within New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. . His responsibilities have included integrating municipal electric companies' networks and applications, as well as developing an Internet Service Provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. (ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. ) for said utility within the Commonwealth. Mr. Gittle has managed numerous Information Technology projects and is well versed Versed® Midazolam Pharmacology A preoperative sedative in a number of network and operating platforms. At Chancellor, Mr. Gittle's main concern will be to direct and support Chancellor's Information System infrastructure. Mr. Gittle will also maintain and further develop Chancellor's e-commerce solutions, concentrating on the integration of Chancellor Truck Centers' online counterpart, rigfinder.com. As e-commerce takes on a larger role in the global marketplace, Chancellor is concerned with meeting the needs of the fast-paced world of Internet business. Chancellor's acquisition of rigfinder.com in September 2000 constitutes a step into the Information Technology arena. Currently, rigfinder.com provides used tractor/trailer sales, prepaid legal services legal services n. the work performed by a lawyer for a client. , insurance and financing. Mr. Gittle will be in charge of transforming the site into a one-stop marketplace for the trucking industry. As Mr. Gittle commented, "With the acquisition of rigfinder.com, Chancellor has officially entered the e-commerce game. With over $1.5 billion in equipment lease transactions, Chancellor should have the knowledge to bring its product to the Internet." The hiring of a talented manager such as Mr. Gittle should help to establish Chancellor's presence in the e-commerce platform for the corporation. Chancellor Corporation is a transportation trading company, providing complete equipment finance and fleet management solutions. The Company is spearheading an evolution through the introduction of its innovative "Wholesale-Plus"(TM) pricing, unique trade-in programs, the roll out of value-added services, and its Truck "Trading Cycle" Concept. Since its founding in 1977, Chancellor has completed a total of approximately $1.5 billion in equipment lease transactions for its Fortune 500 and middle market customers in the U.S. and select international markets. The Company's Internet address There are two kinds of addresses that are widely used on the Internet. One is a person's e-mail address, and the other is the address of a Web site, which is known as a URL. Following is an explanation of Internet e-mail addresses only. For more on URLs, see URL and Internet domain name. is http://www.chancellorcorp.com. The Company is publicly traded under the symbol "CHLR." "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements contained in this release which are not historical facts may be deemed to contain 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. with respect to events, the occurrence of which involves risks and uncertainties, including, without limitation, demand and competition for the Company's lease financing and asset management services and the products to be leased or remarketed by the Company, the continued availability to the Company of adequate financing, the ability of the Company to recover its investment in equipment through remarketing, and other risks and uncertainties detailed in the Company's Securities and Exchange Commission filings. |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion