ConferencePlus Names New Director of Finance.SCHAUMBURG, Ill. -- Conference Plus, Inc. (ConferencePlus), a leading global provider of audio, web and videoconferencing services dedicated to the workplace of the future, today announces the appointment of John Nannenhorn as Director of Finance for the Company. ConferencePlus is a subsidiary of Westell Technologies, Inc. (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 :WSTL). Nannenhorn most recently served as Chief Financial Officer for Lansa Inc., an international software company based in Downers Grove, Illinois Downers Grove is an affluent suburb located 19 miles (31 km) west of Chicago in DuPage County, Illinois. The population was 48,724 at the 2000 census. . Nannenhorn brings 20 years of corporate accounting and finance experience to his new position at ConferencePlus. He will manage all aspects of the financial structure including accounting and financial reporting, planning, budget development and controls, and consolidating and standardizing worldwide accounting practices. Prior to his Lansa position, he held the Director of Finance positions with Baan USA and SAP America. Nannenhorn also served in financial positions with several other technology companies and has worked for the public accounting firm, Friedman, Eisenstein, Raemer & Schwartz. "John has strong skills in financial analytics and international business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets , particularly as they relate to high technology business practices," said Timothy J. Reedy reed·y adj. reed·i·er, reed·i·est 1. Full of reeds. 2. Made of reeds. 3. Resembling a reed, especially in being thin or fragile: , ConferencePlus President and Chief Executive Officer. "His experience in financial reporting, cash management, tax planning Tax planning Devising strategies throughout the year in order to minimize tax liability, for example, by choosing a tax filing status that is most beneficial to the taxpayer. , system implementation, operations analysis and strategic planning will strengthen our ability to grow our Company," he said. "I am delighted to join ConferencePlus and I look forward to helping our team develop and deliver the advanced conferencing services our customers desire," Nannenhorn said. Nannenhorn earned a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies in accounting and a Masters of Business Administration from Northern Illinois University . He received his 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. in 1986. Cindy Stefani, who previously served as the Executive Director - Finance for ConferencePlus, will reduce her work schedule and assume a new role as Senior Accountant within the Finance Department. "Cindy has played an instrumental role in the growth, development and success of ConferencePlus," Reedy said. "We are delighted she will continue to contribute as we move forward," he said. About Conference Plus, Inc. Conference Plus, Inc., a leading global provider of audio, web and videoconferencing services is dedicated to the workplace of the future - now. ConferencePlus is transforming the way work is done through its market-leading multimedia conferencing solutions that combine innovation, proven technology and exceptional customer service. Headquartered in Schaumburg, Illinois with an international headquarters in Dublin, Ireland, ConferencePlus is a subsidiary of Westell Technologies, Inc. (NASDAQ: WSTL). Additional information about ConferencePlus can be obtained by visiting http://www.conferenceplus.com. About Westell Westell Technologies, Inc., (NASDAQ: WSTL) headquartered in Aurora, Illinois, is a Tier-1 provider of intelligent, carrier-class broadband access products manufactured using a TL9000 registered quality management system. Westell offers high-speed broadband/DSL technology products for carriers, service providers and business enterprises around the world. For more information visit http://www.westell.com. "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. " statement under 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 1995: Certain statements contained herein including, without limitation, statements containing the words "believe," " on track, " "anticipate," "committed" "expect," "estimate", "await," "continue," "intend," "may," "will," "should," and similar expressions are forward looking statements that involve risks and uncertainties. These risks include, but are not limited to, product demand and market acceptance risks, need for financing, the economic downturn in the U.S. economy and telecom market, the impact of competitive products or technologies, competitive pricing pressures, product development, excess and obsolete inventory Obsolete Inventory Term that refers to inventory that is at the end of its product life cycle and has not seen any sales or usage for a set period of time usually determined by the industry. This type of inventory has to be written down and can cause large losses for a company. due to new product development, commercialization and technological delays or difficulties (including delays or difficulties in developing, producing, testing and selling new products and technologies), the effect of Westell's accounting policies, the need for additional capital, the effect of economic conditions and trade, legal social and economic risks (such as import, licensing and trade restrictions) and other risks more fully described in Westell's Annual Report on 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. for the fiscal year ended March 31, 2004 under the section "Risk Factors". Westell undertakes no obligation to release publicly the result of any revisions to these forward looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. |
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