Charles K. Dargan II Named Datalink.net CFO; Executive VP of Finance Adds CFO title.Business Editors/High-Tech Writers SAN JOSE, Calif.--(BUSINESS WIRE)--Jan. 12, 2001 Datalink.net (AMEX AMEX See: American Stock Exchange :DLK) today announced that Charles K. Dargan II would assume the additional title of Chief Financial Officer. Datalink.net consolidated Dargan's previous position as Executive Vice President of Finance with that of CFO See Chief Financial Officer. in a cost-saving initiative. Dargan replaces William A. Mahan as CFO; Mahan had reported to Dargan. Mahan has made himself available to Datalink.net as a consultant to the organization. "Datalink.net is appreciative of Mr. Mahan's contribution and wish him well in his future endeavors," said Anthony N. LaPine, Datalink.net Chairman 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. . "With a weaker economic environment, I feel it is prudent to reduce expenses and consolidate positions wherever possible." Dargan holds accounting and finance industry certifications of Chartered Financial Analyst Chartered Financial Analyst (CFA) An experienced financial analyst who has passed examinations in economics, financial accounting, portfolio management, security analysis, and standards of conduct given by the Institute of Chartered Financial Analysts. (CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. ) and 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. (CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. ), and possesses an impressive history in the corporate and financial sector. He has served as a Managing Director of Corporate Finance for The Seidler Companies Incorporated, a private brokerage, investment banking and public finance firm. In addition, Dargan was a partner and Chief Financial Officer of the investment banking firm of Ambient Capital, a Managing Director of Corporate Finance at L.H. Friend, Weinress, Frankson & Presson, Inc., and a First Vice President at Drexel Burnham Lambert Drexel Burnham Lambert was a major Wall Street investment banking firm, which first rose to prominence and then was driven into bankruptcy in the 1980s by its involvement in illegal activities in the junk bond market, driven by Drexel employee Michael Milken. , Incorporated. Dargan has been with Datalink.net for over two years, first as a member of the board of directors and later as Executive VP of Finance. About Datalink.net -- The Wireless Architects(TM) Datalink.net is a market-leading wireless infrastructure provider delivering end-to-end wireless solutions to its enterprise customers. Datalink.net's patented technology and real-time delivery systems enable enterprise customers and employees to utilize any wireless device to receive and respond to critical data 24x7x365. Datalink.net is leveraging its core XpressLink technology across high demand, vertical markets, including finance, medical and the mobile workforce, to allow for the use of any wireless device and any digital communication language to push and pull data on demand. This technology produced the wireless market's first truly integrated enterprise product, Global Market Pro, which is Datalink.net's advanced, fully customizable wireless application for the financial professional. Global Market Pro was co-developed with The Chase Manhattan Bank The Chase Manhattan Bank, now part of JPMorgan Chase, was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. The bank is headquartered in New York City. and is employed by individuals and institutions throughout the financial community. The Company serves a portfolio of marquee customers, including AOL, AT&T, Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , Dow Jones, Citibank, EDS, Motorola and Qualcomm. Datalink.net is headquartered in San Jose, Calif., with research facilities located in Vancouver, British Columbia and offices in Chicago, Philadelphia, New Jersey and Florida. For more information: http://www.datalink.net. This press release contains forward-looking statements, which are made pursuant to the Safe-Harbor provisions of 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. Words such as "intends," "believes" and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, successful integration of acquisitions, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company's filings with the Securities and Exchange Commission. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. |
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