ConSyGen, Inc. Elects New Management Team; Howard R. Baer, Elected as New Chairman of the Board, and Robert Reisch Becomes New President and CEO.Business Editors/Hi-Tech Writers TEMPE, Ariz.--(BUSINESS WIRE)--Sept. 11, 2001 ConSyGen, Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CSGI CSGI Common Spatial Gateway Interface ) announced today that its Board of Directors has elected Howard R. Baer Chairman of the Board, and Robert Reisch 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. . The move is aimed at changing the company from an e-commerce research and development company to a company that produces revenues by fully exploiting its revolutionary BizPay(TM), e-commerce "pay for play" solution. Baer, the new Chairman, brings over 40 years of investment banking experience, specializing in early stage companies. He is also the Chairman and President of Politics.com, Inc., owner of the award winning political website. He has been an investor in ConSyGen and consulted for the company on and off for the past six years. Mr. Baer stated, "I have been involved with ConSyGen for many years, watching several management teams come and go. This is the first time I have taken an official title with the company, and it is the first time that I have seen the beginnings of a management team that I believe can take the product, BizPay(TM), into the national arena and make it a major force in the e- commerce space. Through great sacrifice and dedication during the past 18 months, we believe that the employees of CSGI have developed and deployed a highly sophisticated "pay for play" e-commerce solution. ConSyGen's software development group has suffered through many hardships, but still completed and launched BizPay(TM), going live a few weeks ago and now processing transactions daily. The company now needs a new management team that can bring BizPay(TM) to the potential that we expect it can reach, that being a leader in payment systems in the e-commerce space. We plan to put that new management team together as quickly as possible. Robert Reisch, the Company's new President and CEO, will be the foundation of the new management team." Baer's position as Chairman is a temporary one until a person with national exposure can be found that has vast experience in the e-commerce solution industry to take the Chairman's position and lead the company into the future. Baer continued, "I am very excited to bring Mr. Robert Reisch into ConSyGen as its new President and CEO. Mr. Reisch has already begun assembling a team of highly seasoned e-commerce experts who will dedicate ded·i·cate tr.v. ded·i·cat·ed, ded·i·cat·ing, ded·i·cates 1. To set apart for a deity or for religious purposes; consecrate. 2. themselves to making BizPay(TM) the standard for "pay for play" commerce transactions. Robert Reisch, also an investor in ConSyGen for the past two years, has an extensive background in software development, Internet and e-commerce companies. He has been President and CEO of several companies. Reisch has been featured on the Today Show, Good Morning America Good Morning America is a weekday morning news show that is broadcast on the ABC television network. The show was adapted from The Morning Exchange, a morning show created by and airing on the ABC affiliate in Cleveland, Ohio, and was launched nationally as , the ABA Aba (ä`bä), city (1991 est. pop. 264,000), SE Nigeria. It is an important regional market, a road and rail hub, and a manufacturing center for cement, textiles, pharmaceuticals, processed palm oil, shoes, plastics, soap, and beer. Journal, and Legal Times, as well as many local news affiliates for his leadership role in developing and branding industry-changing software. He is credited with being instrumental in the development and deployment of software technology used in legal cases such as the Exxon Valdez This article is about the tank vessel Exxon Valdez. For the spill, see Exxon Valdez oil spill. Exxon Valdez was the original name (later Sea River Mediterranean and eventually Mediterranean , O.J. Simpson Trial, Dow Corning Dow Corning is a multinational corporation headquartered in Midland, Michigan, USA. Dow Corning specializes in silicon and silicone-based technology, offering more than 7,000 products and services. Dow Corning is equally owned by The Dow Chemical Company and Corning, Inc. and hundreds of other trials both domestically and abroad. He is experienced at turning around software companies, such as invzn Development Corporation, taking them from indebtedness INDEBTEDNESS. The state, of being in debt, without regard to the ability or inability of the party to pay the same. See 1 Story, Eq. 343; 2 Hill. Ab. 421. 2. and no revenues to successful products rated number one in the industry. Mr. Reisch stated, "Being an investor in ConSyGen for the past few years and watching the emergence of the BizPay(TM) software led me to look into the company much further. Once invited by the company to take a closer look at the technology and personally witnessing transactions being processed, I was convinced that the potential was there with the proper direction and management. I am extremely excited at the opportunity to work with a tremendously skilled software development group and doing all that is necessary to make BizPay(TM) the vehicle of choice for e-commerce payments on the Internet. Baer further stated that, "although we are quickly assembling a first class management team, the company is still in poor financial condition and has an immediate need for additional capital. The new management has already begun to address this problem and hopefully will be able to secure interim financing Interim financing A short-term loan made to a company on the condition that a takeout will follow with long-term or intermediate financing. interim financing The financing that supports a transaction until permanent financing can be arranged. in the near term, although there are no assurances of that it will be able to do so." ABOUT CSGI Established in 1996 as a high technology software development and R&D Company, ConSyGen, Inc. has focused its business on providing innovative and superior commerce solutions worldwide. The primary CSGI product lineup A criminal investigation technique in which the police arrange a number of individuals in a row before a witness to a crime and ask the witness to identify which, if any, of the individuals committed the crime. includes the Counterfeit To falsify, deceive, or defraud. A copy or imitation of something that is intended to be taken as authentic and genuine in order to deceive another. A counterfeit coin is one that may pass for a genuine coin and may include a lower denomination coin altered so that it may Cop(TM) and BizPay(TM). FORWARD LOOKING STATEMENTS Forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. involve risks and uncertainties that may cause actual results to differ materially from those projected in such forward-looking statements. Factors which could affect results include the development of competing or superior technologies, market awareness, acceptance of ConSyGen's technology or products, the company's ability to attract and retain qualified personnel, the companies ability to protect its proprietary information and other risk factors set forth in the company's SEC filings. |
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