Christopher P. Fenner to Join Network Commerce Board; Company Now in Nasdaq Compliance With Three Independent Directors.Business Editors SEATTLE--(BUSINESS WIRE)--June 7, 2001 Network Commerce Inc. (Nasdaq:NWKC), the technology infrastructure and services company, today announced the appointment of Christopher P. Fenner Fenner may mean:
For more than 10 years, Mr. Fenner has held senior positions within the financial industry. Recently he was Vice President at Imperial Bank. "Christopher's extensive financial background complements the experience of our other directors and will be invaluable as we continue to work on restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). our company with the goal of reaching profitability," said Dwayne Dwayne is a given name for a male. Its origin is in the northern British Isles, and is derived from "D'Wain," meaning "of Wagons". In the United States, the spelling Dwayne is typically favored by African-Americans, who also employ variants such as Dwane, D'Wan, and DeWayne. Walker, Network Commerce's chairman and chief executive officer. "Moreover, we are now compliant with Nasdaq's requirement of three independent directors." Mr. Fenner holds a bachelor's bach·e·lor's n. A bachelor's degree. degree in Business from University of Washington. About Network Commerce Inc. Established in 1994, Network Commerce Inc. (www.networkcommerce.com) is the global technology infrastructure and services company. Network Commerce provides a comprehensive technology and services platform including domain registration services, hosting services, commerce services, business services, one-to-one marketing services, and online marketplaces. Network Commerce's technology and services platform operates on the infrastructure of four data centers, over 500 servers, and bandwidth of 50 megabits per second (unit) megabits per second - (Mbps, Mb/s) Millions of bits per second. A unit of data rate. 1 Mb/s = 1,000,000 bits per second (not 1,048,576). E.g. Ethernet can carry 10 Mbps. . Network Commerce is headquartered in Seattle. 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. : Certain statements in this announcement, including statements concerning our plans, intentions and expectations, contain "forward-looking statements" within the meaning 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. . Forward-looking statements are based on the opinions and estimates of management at the time the statements are made and are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. The words "believe," "expect," "intend," "anticipate," variations of such words and similar expressions identify forward-looking statements but their absence does not mean that the statement is not forward-looking. These statements are not guaranties of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this announcement. Factors that could affect Network Commerce's actual results include, among others, the uncertain status of our debt with Capital Ventures International and the factors described in Network Commerce's filings with the Securities and Exchange Commission, including its 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 year ended Dec. 31, 2000. Network Commerce undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or after the date of this release or to reflect the occurrence of unanticipated events. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion