Computer Integration Corp. names McElhaney as C.E.O., succeeding Farrell.BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Florida--(BUSINESS WIRE)--December 6, 1996-- Computer Integration Corporation (Nasdaq SmallCap:CICC CICC Custom Integrated Circuits Conference CICC Center for the Improvement of Child Caring (Studio City, CA) CICC China International Capital Corp. ) today announced that Ronald G. Farrell, 53, has resigned as Chief Executive Officer of the Company and its wholly-owned subsidiary, CIC CIC circulating immune complexes. CIC Circulating immune complexes. See Immune complexes. Systems, Inc., in order to devote more of his time to his financial consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , R.G. Farrell, Inc. That firm and the Company have simultaneously entered into a consulting agreement under which Mr. Farrell has agreed to continue to provide the Company with advice and assistance on financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against matters. Mr. Farrell will continue to serve on the Company's Board of Directors, but has not been re-elected to the position of Chairman. The Company expects to name a new Chairman at its next Board meeting, scheduled to take place in January. The Company also announced that Samuel C. McElhaney, 44, has been elected to succeed Mr. Farrell as the Chief Executive Officer of both the Company and CIC Systems. Mr. McElhaney, who has 17 years of experience in the computer products sales and service sector, is a director of the Company and was an Executive Vice President of CIC Systems in charge of its Dataprint Division until July 1996. He founded Dataprint, Inc. in 1979 and served as its Chairman, President and Chief Executive Officer until Dataprint's acquisition by Computer Integration Corp. in July 1994. During that time, Mr. McElhaney built Dataprint into a leading regional microcomputer reseller An organization that sells hardware and software to the general public. Resellers purchase products from software publishers and hardware manufacturers. , with sales of approximately $65 million at the time of its acquisition. Computer Integration Corp. is one of the largest volume resellers of microcomputers, workstations and related products to large and medium-sized corporations, government entities and educational institutions in 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. . The Company distributes a broad range of microcomputer-related products from major manufacturers and software developers and is one of the largest resellers in the U.S. of computer products manufactured by Hewlett-Packard Company. CONTACT: Computer Integration Corp. John F. Chiste Chief Financial Officer (407) 482-6678 |
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