Computer Horizons Corp.'s eB Networks Unit; Appoints President and New Management Team.Business Editors MOUNTAIN LAKES, N.J.--(BUSINESS WIRE)--April 11, 2000 Company Transitions to eB Networks Two of ICM's Business Units: Systems Integration and Microsoft Technology Computer Horizons Corp. (CHC CHC Chicago Cubs CHC Community Health Center CHC Chestnut Hill College (Philadelphia, Pennsylvania) CHC Congressional Hispanic Caucus CHC Community Health Council (UK National Health Service) ) (Nasdaq:CHRZ) today announced it has appointed a new management team to eB Networks, Inc., a network infrastructure company. Michael J. Lucciola, formerly president of Integrated Computer Management (ICM ICM Intercom ICM Integrated Crop Management ICM International Congress of Mathematicians ICM Information Classification and Management ICM Intelligent Contact Management (Cisco) ICM International Creative Management ), has been appointed president, effective immediately. Other senior management changes, which include the promotion of Vivek Shivananda to vice-president of operations and Greg Raimann to vice-president of sales and marketing, are intended to further eB Networks' goals of rapid growth and increased market share in the network services industry. Founded by Lucciola in 1987, ICM is a full-service integrated technology solutions company focusing on network design and implementation, systems integration and custom application development. Between 1987 and mid-1999, when ICM was acquired by CHC, ICM built a strong reputation as a provider of award-winning technology solutions and exceptional quality. "Mike has the experience, dedication and business knowledge required in shaping eB Networks into the leading network infrastructure architect company," stated John Cassese, chairman and president of Computer Horizons. "Since the time eB Networks was acquired by CHC in 1998, it has been steadily growing. With an enhanced management team coupled with Lucciola's business management expertise and in-depth knowledge of the industry, we expect eB Networks will continue to expand to a position of market leadership. "Lucciola brings to eB Networks a passion for growing and developing people, a high commitment to excellence, and very strong business, financial and operational acumen," added Cassese. As part of the new management change, CHC will also move two of ICM's business units, the Systems Integration and Microsoft Technologies practices into eB Networks. Approximately 45 employees from ICM will be part of this transition. CHC has previously announced its intentions to take eB Networks public in an IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. later this year in the form of a 20% equity carve out Equity carve out Usually occurs when a company decides to IPO one of their subsidiaries or divisions. The company usually only offers a minority share to the equity market. Also known as carve out. . "We are very excited about the future of eB Networks," stated Lucciola. "We have a strong, experienced and focused team that is dedicated to serving the needs of our clients and providing enhanced value to our shareholders. The market for network and integration services is expected to double by 2003 to $25 billion and we will provide the leadership and support that is necessary to establish eB Networks as a world-class market-leading company," added Lucciola. "In this new era of networking with the tremendous growth of e-business and technology, we are confident that these internal changes will add tremendous value to eB Networks from the standpoint of operational leadership and a broad range of skills in the areas of networking, network operating systems An operating system that is designed for network use. Normally, it is a complete operating system with file, task and job management; however, with some earlier products, it was a separate component that ran under the OS; for example, LAN Server required OS/2, and LANtastic required DOS. and Microsoft technologies," stated Cassese. Vivek Shivananda, the newly appointed vice-president of operations, has been a leader within eB Networks for over 4 years. Prior to joining eB Networks, Shivananda was with Cap Gemini where he led several initiatives in network services, IT and management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects . He earned a B.S., M.S. in Electrical Engineering electrical engineering: see engineering. electrical engineering Branch of engineering concerned with the practical applications of electricity in all its forms, including those of electronics. and an M.B.A. from Carnegie Mellon University Carnegie Mellon University, at Pittsburgh, Pa.; est. 1967 through the merger of the Carnegie Institute of Technology (founded 1900, opened 1905) and the Mellon Institute of Industrial Research (founded 1913). . Greg Raimann, vice president of sales and marketing, has over 14 years experience in sales and operations management Operations management is an area of business that is concerned with the production of goods and services, and involves the responsibility of ensuring that business operations are efficient and effective. within the systems integration and consulting industry. Prior to joining ICM in June 1999, Raimann was vice president at Vanstar Corporation, a worldwide systems integration firm. Raimann had P&L responsibility for the firm's largest professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. business (the Northeast marketplace) unit and played a key role in driving the company's growth. At ICM, Greg was the vice president of sales and marketing. About eB Networks eB Networks, Inc. is a leader in a new breed of infrastructure architects delivering enterprise corporations and new economy companies with fast, reliable, scalable, and secure network solutions. eB Networks enables its clients to effectively compete in a rapidly evolving marketplace through its comprehensive service offerings which include infrastructure integration, enterprise management, security, and operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. integration. eB Networks builds performance driven infrastructures that support eBusiness for world-class clients such as Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. , Bayer, First Union, PSE&G, and Cable & Wireless. eB Networks is headquartered in E.Hanover, NJ and is rapidly expanding beyond its 13 regional offices throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Europe. For more information, visit eB Networks at www.ebnetworks.com. About CHC CHC (Nasdaq:CHRZ) is a strategic e-Business solutions and professional services company that is powering a new breed of rapid growth Internet developers. With thirty years of experience, CHC is a global leader in systems integration, migration and innovation, enabling companies to stay ahead of the technological curve. By leveraging its core business in IT services, CHC is powering its new breed of Internet companies, including eB Solutions, CHIMES and Princeton Softech, to enable its Global 1000 customer base to compete in this new digital business environment. For more information on Computer Horizons, please visit our Web site at www.computerhorizons.com. This press release includes certain "forward-looking statements" for purposes of the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of 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 that involves risks and uncertainties that could cause actual results to differ materially. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of Computer Horizons' industry and competition. |
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