Charles Blackmon Joins Concurrent Board of Directors.Business Editors/High-Tech Writers ATLANTA--(BUSINESS WIRE)--April 24, 2003 Concurrent Computer Corporation Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . (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 : CCUR CCUR Center for Crops Utilization Research ), a worldwide leader of on-demand technology that is shaping the future of television, today announced that Charles Blackmon has joined the Concurrent Board of Directors and will be a member of its audit committee. Mr. Blackmon, whose appointment to the Board was effective April 22, 2003, currently serves as vice president of MAGNATRAX Corporation, a $650 million company specializing in manufacturing products for the construction industry throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and select international markets. Mr. Blackmon has a distinguished financial and administrative career as well as broad investor relations Investor relations The process by which the corporation communicates with its investors. and fiscal regulation experience. Mr. Blackmon has been with MAGNATRAX since 1980 when he joined as assistant controller. Throughout his career with the company, Mr. Blackmon has played a significant role in the financial reporting and corporate administration responsibilities, including vice president, Finance and Administration; executive vice president and chief financial officer; and vice president responsible for special financial and operational projects. He also served as corporate director of the MAGNATRAX Board of Directors from 1999 to 2002. Prior to his employment with MAGNATRAX, Mr. Blackmon served several years in public accounting. Mr. Blackmon has served eight years on the Eufaula, Ala ALA aminolevulinic acid. Ala alanine. ala (a´lah) pl. a´lae [L.] a winglike process. . City Council, including six years as president and has been a member of the State Aeronautics aeronautics: see aerodynamics; airplane; aviation. Commission for seven years, with two years as chairman. He is a certified public accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. and has been highly active in local social and civic organizations. Mr. Blackmon received his B.S. in Accounting from the University of Virginia. "It is my pleasure to welcome Charles Blackmon to the Concurrent Board of Directors," said Steve Nussrallah, chairman of the Board of Directors of Concurrent. "With his wealth of experience in the financial and operations sector, Charles will make a tremendous contribution to Concurrent. His key leadership roles in the financial arena lend a unique perspective and complement our existing Board of Directors." "I look forward to playing a contributing role to the Board of Concurrent," said Mr. Blackmon. "It is clearly a dynamic time in the company, and I am excited to join such a highly respected company, which integrates visionary counsel with industry savvy. With its unmatched deployment experience and technological expertise, I am honored to be a part of this team as the company continues to expand the services it offers to a growing audience." About Concurrent Concurrent Computer Corporation (www.ccur.com) is a worldwide leader in high-performance computer systems, software and servers. Concurrent's XSTREME Division is a worldwide market leader in providing digital VOD See video-on-demand. VoD - video on demand systems to the broadband industry. This market includes broadband VOD and rich streaming media See streaming audio, streaming video and digital media hub. applications such as corporate training, education, hospitality and digital video-to-the-home. Concurrent is also a leading provider of high-performance, real-time computer systems, solutions, and software that focus on hardware-in-the-loop and man-in-the-loop simulation, data acquisition, and industrial control systems for commercial and government markets. Concurrent has 35 years of experience and is providing these best of breed solutions through its offices in North America, Europe, Asia, and Australia. Concurrent is a leader in the VOD market, serving eight major cable operators in 57 markets with over 3.5 million digital subscribers. Concurrent's proven technology provides one of the most flexible, comprehensive solutions for HFC 1. (networking) HFC - Hybrid Fiber Coax. 2. (hardware) HFC - hydrofluorocarbon. , DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary , and IP-based networks. The Company's powerful and scalable VOD systems are based on open standards Specifications for hardware and software that are developed by a standards organization or a consortium involved in supporting a standard. Available to the public for developing compliant products, open standards imply "open systems;" that an existing component in a system can be replaced and are integrated with the leading broadband technologies broadband technology Telecommunications devices, lines, or technologies that allow communication over a wide band of frequencies, and especially over a range of frequencies divided into multiple independent channels for the simultaneous transmission of different signals. . Certain statements made or incorporated by reference in this release 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 the federal securities laws. When used or incorporated by reference in this release, the words "believes," "expects," "estimates," and similar expressions are intended to identify forward-looking statements. Statements regarding future events and developments and our future performance, as well as our expectations, beliefs, plans, estimates, or projections relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the future, are forward-looking statements within the meaning of these laws. All forward-looking statements are subject to certain risks and uncertainties that could cause actual events to differ materially from those projected. The risks and uncertainties which could affect our financial condition or results of operations include, without limitation: availability of video-on-demand content; delays or cancellations of customer orders; changes in product demand; economic conditions; various inventory risks due to changes in market conditions; uncertainties relating to the development and ownership of intellectual property; uncertainties relating to our ability and the ability of other companies to enforce their intellectual property rights; the pricing and availability of equipment, materials and inventories; the limited operating history of our video-on-demand segment; the concentration of our customers; failure to effectively manage growth; delays in testing and introductions of new products; rapid technology changes; demand shifts from high-priced, proprietary real-time systems Real-time systems Computer systems in which the computer is required to perform its tasks within the time restraints of some process or simultaneously with the system it is assisting. to low-priced, open server systems; system errors or failures; reliance on a limited number of suppliers; uncertainties associated with international business activities, including foreign regulations, trade controls, taxes, and currency fluctuations; the highly competitive environment in which we operate; failure to effectively service the installed base; the entry of new well-capitalized competitors into our markets; and the valuation of equity investments and collectibility of notes receivable, including but not limited to our equity and debt investment in Thirdspace. Other important risk factors are discussed in our 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. filed with the Securities and Exchange Commission on September 25, 2002 and may be discussed in subsequent filings with the SEC. The risk factors discussed in such Form 10-K under the heading "Risk Factors" are specifically incorporated by reference in this press release. Our forward-looking statements are based on current expectations and speak only as of the date of such statements. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information, or otherwise. Note to Editors: For additional company or product information from Concurrent Computer Corporation, please contact Concurrent Computer Corporation, 4375 River Green Parkway, Suite 100, Duluth, GA 30096. Call toll free in the U.S. and Canada at (877) 978-7363, fax (678) 258-4199. Readers can also access information through the company's Web site at http://www.ccur.com. Concurrent Computer Corporation, its logo and MediaHawk are registered and unregistered trademarks of Concurrent Computer Corporation. All other product names are trademarks or registered trademarks of their respective owners. |
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