Computer Access International, Inc. Announces New Board, CEO.FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)--July 23, 1998--Computer Access International, 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. :CPAQ) announced today that on July 22, 1998, at a Special Meeting of Shareholders of the Company, stockholders overwhelmingly approved a new slate of Directors for the Board. The newly elected Directors are Leonard Tambasco, Randy Kupferberg and Sal Cannatella. Mr. Tambasco was with the Company the past two years. He was elected as Chairman of the Board and immediately appointed to the position of President & Chief Executive Officer. Mr. Kupferberg is currently the 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 the Company and will continue to serve that office. Mr. Cannatella brings more than thirty years of executive business experience to the Board. Mr. Tambasco announced, "The outgoing Board and Officers that took control since the management reorganization in February laid the groundwork for CAI (1) (Computer-Assisted Instruction) Same as CBT. (2) See CA. CAI - Computer-Aided Instruction to complete its turnaround Turnaround A situation where a company that has had poor performance for an extended period of time experiences a positive reversal. Notes: A speculator may profit from a turnaround if he or she accurately anticipates the improvement of a poorly performing company. . Operations and personnel have been downsized and certain goals accomplished on the road to recovery. However, the shareholders of CAI felt it was time to move the company forward with a different leadership perspective and begin implementing plans for expansion and growth. The new Board and I are committed to communicating a clear corporate vision and constantly updating investors to our progress. We will immediately engage a public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most firm to assist in this endeavor. Another priority will be the continued work with our accounting firm to accelerate the 1997 audit and report financials as soon as possible. The Board will work toward securing additional funding and/or credit facilities credit facilities npl → facilidades fpl de crédito credit facilities npl → facilités fpl de paiement credit facilities for the company through the numerous avenues available. Very importantly, the plan to acquire and consolidate value-added dealers, service companies and retailers will be reinstated. Additionally, we will continue to expand our existing Internet site, AccessDir.com, either internally or through joint venture, to build a stronger online presence for the company. We are anxious to begin working toward the future and believe our plan will decidedly lead to growth and value for our company and its shareholders. " Computer Access International, Inc. is engaged in a wide range of value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. businesses within the computer industry including distribution of new and used computers and peripherals at the wholesale and retail levels, computer and monitor refurbishing, assembly of new computer systems and PC service and repair.
CONTACT: Computer Access International, Inc.
Leonard Tambasco, 954/340-2270
lenny@amerigointernational.com
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