Citadel Computer expands board from seven to eight; Adds Mark Rogers in strategic alliance with NFT Ventures.DALLAS--(BUSINESS WIRE)--July 15, 1996--Citadel Computer Systems Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : NOFF NOFF Net Operating Funds Flow ) announced today that Mark Rogers has joined its board of directors, expanding the board from seven to eight. Rogers managed NFT NFT - Network File Transfer. An INTERLINK command on CERNVM. Ventures Inc., the venture capital fund of Ray Noorda, founder of Novell 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 : NOVL NOVL Novell, Inc. (stock abbreviation, AMEX) ). Through NFT Ventures, Rogers works with several computer software companies in Silicon Valley, Utah and Texas ranging from start-up phase through establishment of critical mass, helping them to grow both internally and by acquisition. Citadel and NFT Ventures Inc. intend to work closely together leveraging the more than one dozen companies that NFT is currently involved with in the software and networking businesses. NFT has investments in networking firms that specialize in storage systems, raid controllers, fault tolerant and backup systems, peripheral companies and client system integration companies. "NFT companies have niches or products synergistic with ours," said Steven B. Solomon, 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. of Citadel. "Working with them will provide Citadel with many opportunities for acquisitions, open the door to licensing deals and expand our distribution channels." Rogers currently holds several board positions and had been a member of the board of directors of BSG BSG Battlestar Galactica BSG Broadband Stakeholder Group (UK) BSG British Society of Gastroenterology (London, UK) BSG Business Systems Group BSG Business Solutions Group BSG Basigin Alliance I/T I/T Inner Tank , an NFT-funded company which was acquired in May 1996 by Medaphis Corp. (NASDAQ: MEDA) in a transaction valued at approximately $400 million. "Citadel is poised to develop meaningful partnerships and to take the lead in one of the fastest growing market niches in the computer software industry," Rogers said. "The company has an outstanding group of products that provide enhanced network security and make life easier for network users. Their flagship product NetOFF, for example, should be installed in every Novell network," he added. "With the addition of Victor Kiam as a director last week and now Mark Rogers," Solomon concluded, "Citadel is continuing to put together a strong working board to help management build the premier network utility tool company." Citadel Computer Systems is a developer and marketer of computer software products, broadly characterized as network security and management utilities and software management tools. Its products are designed to better manage and provide additional security to local area networks using Novell and Microsoft network software. CONTACT: Citadel Computer Systems Inc. Steven B. Solomon, 214/520-9292 http://www.citadel.com or The Cavior Organization, New York Warren J. Cavior, 212/687-6070 caviorg@aol.com |
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