Co-Founder of QVC, Inc. Appointed as Chief Executive Officer of Longport, Inc.Business Editors/Health & Medical Writers SWARTHMORE See:
Longport (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :LPTI) announced today that it had appointed a new Chief Executive Officer, Michael C. Boyd. Mr. Boyd was a co-founder of QVC QVC Quality Value Convenience QVC Question Valid Command , Inc., in 1986. As president of QVC, Inc., he was responsible for growing that TV retailer to over 1.3 billion in annual revenue with more than 6,000 employees and a distribution into 50 million homes. With this appointment, management believes Longport now has the leadership in place to bring its technology to the world. For further information please contact Jim McGonigle at 800/289-6863 or visit our web site at www.longportinc.com Forward-looking Information and 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 Certain statements in this press release, including statements concerning product development milestones and anticipated events, are "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 Private Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995. 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 guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect Longport's actual results include, among others, uncertainties as to the Company's ability to manage potential problems, delays or anticipated expenses, including problems, delays or expenses involving manufacturing. Readers are cautioned not to place undue reliance upon these forward-looking statements that speak only to the date of this release. Reference is made to Longport's 1998 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. filed with the Securities and Exchange Commission for a more definitive description of such factors. Longport, Inc. 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. |
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