Computer Concepts Corp. Announces New Board Members: Charles Feld of Delta Airlines and Dennis Murray of Marist College.Business Editors BOHEMIA, N.Y.--(BUSINESS WIRE)--March 17, 2000 COMPUTER CONCEPTS CORP. (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 :CCEE CCEE Conseil des Conférences Episcopales Européennes (Switzerland) CCEE Câmara de Comercialização de Energia Elétrica CCEE Consilium Conferentiarum Episcoporum Europae (Council of European Bishops' Conferences) ) today announced that in conjunction with the company's efforts to maximize shareholder values, and management's belief that a new team may better assist the company's growth to a new level, that the company's Board of Directors was effectively reconstituted over the last three days with the previously announced retirements of Daniel DelGiorno (Sr.) and Daniel DelGiorno (Jr.), and the decision of Russell Pellicano to resign from his positions, followed by the election of Dr. Dennis Murray, President of Marist College Marist College is a private liberal arts college of 180 acres (72 ha), located on the east bank of the Hudson River near Poughkeepsie, New York, on US 9. The site was established in 1905, and chartered in 1946. , to serve as director for the balance of Mr. Pellicano's term, and the election of Mr. Charles Feld of Delta Airlines, to serve the balance of Mr. DelGiorno's (Jr.) term as a director. James Cannavino, the recently elected Chairman of the Board, indicated that the company was considering a number of measures intended to enable the company to move forward positively. The Board also noted that although the elections of the new directors to serve the balance of the retiring members' terms were pursuant to the Board's Delaware statutory authority to fill vacancies as they occur, that it intends to hold the annual shareholders' meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. in late August in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. so the company's shareholders can vote to elect its Board of Directors. In conjunction with this new direction for the company, directors Beige and Medina also volunteered their resignations. The company anticipates additional announcements in the near future. James Cannavino, the new Chairman of the company, stated, "The new Board members bring outstanding credentials, experience, insight and direction to the company and will assist management in building on the foundation established by the retiring Board (Mil.) a board of officers who consider and report upon the alleged incapacity of an officer for active service. See also: Retiring members." Dennis Murray has been President of Marist College since 1979. Under Dr. Murray's leadership, Marist has become one of the most technologically advanced liberal arts colleges It may never be fully completed or, depending on its its nature, it may be that it can never be completed. However, new and revised entries in the list are always welcome. Liberal arts colleges in the country, having recently completed a five-year, $16 million joint study with the 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) Corporation that included an integrated voice and data network that connects virtually every room on campus, and the integration of information technology across the curriculum. Dr. Murray serves on several boards, including Bank of New York/Dutchess Division, the Franklin and Eleanor Roosevelt Institute The Franklin and Eleanor Roosevelt Institute (FERI), located in Hyde Park, New York, is as the non-profit funding arm of the nation's first presidential library, the Franklin D. Roosevelt Presidential Library and Museum. , the McCann Foundation and Vassar Brothers Hospital Foundation. He is also the editor of three books in the field of government and public affairs and is co-author of a guide to corporate-sponsored university research in biotechnology. Charles Feld has acted in the capacity of Chief Information Officer for Delta Airlines since December, 1997, and is highly respected and acknowledged as a leader in the computer industry. From June, 1992 until August, 1997, Mr. Feld served as Chief Information Officer for Burlington Northern Santa Fe Corp. Mr. Feld also has been President of the Feld Group, Inc., a provider of temporary chief information officer consulting services for more than five years. This release contains forward looking statements which are based on current information and on management assumptions, and are subject to other important factors disclosed from time to time in the company's 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. and Form 10-Q Form 10-Q See 10-Q. , Registration Statements and other Securities and Exchange Commission filings including specifically, among other factors, changing political, marketing and economic conditions, adoption and timely roll-out of its products by licensees and acceptance of the company's Internet based d.b.Express applications. Quarterly results are not indicative of annual results and substantial variances from quarter to quarter may occur. Actual results may differ materially from any forward-looking statements in the release. Computer Concepts develops software tools including d.b.Express that assist end users in the retrieval and visualization of all types of data with an application focus in the telecommunications billing and call detail market. The d.b.Express Internet Server(TM) and JAVA Applet have overcome a major Internet problem, that of high data volume and limited bandwidth, currently responsible for the lengthy delays associated with data downloading. For more information about Computer Concepts, call (631) 244-1500 or visit Computer Concepts' web site at www.computerconcepts.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion