Computer Automation Systems Inc. Announces Election of New Board of Directors and Appointment of Chris Poinsatte as CFO.Business Editors &Technology Writers PLANO, Texas--(BUSINESS WIRE)--Jan. 27, 2000 Michael E. Cherry, president 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. of Computer Automation Systems Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CASI CASI Campaign Against Sanctions on Iraq (UK) CASI Center for Aerospace Information CASI Council on Accreditation and School Improvement CASI Canadian Aeronautics and Space Institute CASI Canadian Association of Snowboard Instructors ), a Telco Systems Integrator, today announced the results of the Company's shareholders meeting to elect a new board of directors. Cherry announced that longtime Dallas developer and Dallas Area Rapid Transit The Dallas Area Rapid Transit authority (or DART) is a transit agency based in Dallas, Texas (USA) that operates buses, light rail, commuter rail, and HOV lanes in Dallas and 12 of its suburbs. It is the current largest light rail operator in the state of Texas. Director, William T. Criswell, was elected chairman of the board. &uot;Mr. Criswell brings extensive international and business development experience to the board from his long career which has included stints with the Winthrop Co., AM Corp., IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) and Criswell Development Company, among others,&uot; said Cherry. &uot;Mr. Criswell also serves as president of Dorchester International Inc. and as senior vice president of Golfcraft Corporation.&uot; &uot;We are extremely pleased about the election of Chris Poinsatte, 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. , to the board and his appointment as CFO See Chief Financial Officer. of CASI,&uot; Cherry said. &uot;Chris brings a comprehensive career in public accounting to the Company, having worked for Arthur Andersen For the U.S. Supreme Court case commonly known as Arthur Andersen, see . Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms (the other four are PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG), performing and the Associates, among others. Having his level of expertise overseeing our numbers is very important to CASI, our shareholders and the investment community. Mr. Poinsatte, who will also chair the audit committee, is CFO of DART, a $2 billion transportation agency in the Dallas area. He is a graduate of Notre Dame,&uot; Cherry continued. &uot;Also elected to the board was Connie Cherry, who will serve as secretary of CASI in addition to her Board duties,&uot; said Cherry. He noted that, &uot;Connie has an extensive background in sales, advertising and TV production. She is a graduate of Penn State and is sales manager of Power Media Group which publishes Texas Technology Magazine.&uot; &uot;In addition to myself, other board members elected by the shareholders were, Sylvia McCollum who is president of Control Manufacturing Co. Inc. and Frank Neukomm who is president of FirstChoice Communications Inc.,&uot; said Cherry. &uot;We anticipate double digit growth in sales this year and we expect to draw heavily on our board's experience to manage it.&uot; Computer Automation Systems Inc. is a systems integrator specializing in creating custom process control systems for the telecommunications industry. The Company's products are used in broadband data transmission networks such as those that handle Internet traffic, among others. The Company's system engineering and software design capabilities coupled with its assembly and manufacturing resources makes it a &uot;one-stop-shop&uot; for telecom manufacturers wishing to outsource the development and manufacturing of key product and system components. The majority of CASI's systems integration activity is based on Sun microprocessors (Nasdaq:SUNW SUNW Sun Microsystems, Inc (former stock symbol; now JAVA) SUNW Stanford University Network Workstation (Sun Microsystems, Inc) ). This news release contains &uot;forward-looking statements&uot; within the meaning of Section 27a of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations will prove correct. |
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