Connectivity Solutions International, Inc. Adds Senior International Global Technology Executive to Management Team.MANCHESTER, United Kingdom & CHICAGO -- Connectivity Solutions International, Inc. (CSI CSI Crime Scene Investigator CSI CompuServe, Inc. CSI Commodity Systems, Inc. CSI Commodity Systems Inc. (Boca Raton, FL) CSI Crime Scene Investigation (CBS TV show) CSI Christian Schools International ), the operating division of Capital Growth Systems, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CGSY), the telecommunications company operating as the first Intelligent Virtual Network Operator (i-VNO), today announced that Robert A. Pollan Pol´lan n. 1. (Zool.) A lake whitefish (Coregonus pollan), native of Ireland. In appearance it resembles a herring. has joined the company's senior executive management team. Pollan, 46, will serve as the chief information and strategy officer. He will report to chief executive officer, Tom Hudson. Pollan brings a combination of large-company experience and an entrepreneurial background in Europe and the United States. He is an experienced operating executive and senior board member in both technology and non-technology enterprises. Working at General Electric, Pollan completed a multi-year General Electric management development program rotation focused on industrial automation businesses. He variously served at GE Capital Corp subsidiaries as 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. , CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. and VP of business development. Pollan spent several years in Central Europe in the early 1990s, where he led the largest successful Central European industrial organizational and financial restructuring, and subsequently privatized the Szczecin Shipyard in Poland. His achievements became the subject of a 1995 Harvard Business Review Harvard Business Review is a general management magazine published since 1922 by Harvard Business School Publishing, owned by the Harvard Business School. A monthly research-based magazine written for business practitioners, it claims a high ranking business readership and article citing it as a model of post-communism management. Pollan was one of the four initial managing directors of Internet Capital Group, a leading, publicly held B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business holding company. While at ICGE, he was the founding chairman of ICG ICG indocyanine green. Commerce, a leading online procurement services provider. On leaving Internet Capital Group at the end of 2000, Pollan served in key operating roles at Universal Access and Mobility Technologies, now Traffic.com, both publicly held companies that were part of the ICGE network. He set up cutting-edge systems for the delivery of information, critical in the value proposition of both companies. Pollan also was recruited to lead the turn around and be chairman of the board of Energy Solutions International, a world leader in pipeline management software for the oil and gas industry. Pollan is a graduate of the Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. with a MBA with distinction. Prior to Harvard, he graduated from the University of Pennsylvania's Management and Technology Program (Wharton and Moore Schools), with the dual degrees of BS Electrical Engineering and BS Economics, with honors. Patrick Shutt, the chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of CSI and a director of Capital Growth Systems, said, "Bob Pollan is the leading information and strategy executive in the VNO VNO vomeronasal organ. sector and has held this status since 2000 when he built the Universal Information Exchange (UIX) for the Goldman Sachs-led Universal Access 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. . Bob's clarity of thought and his lengthy experience of success in both our target sector and our stage of growth will be absolutely crucial as we move from the formation stage to the operating stage in the implementation of our vision. Bob has an unmatched ability to create processes and systems in a short timeframe that translate into revenue, and we look forward to working with him again." Pollan said, "I see great synergy and opportunity in the team, products and solutions assembled at Connectivity Solutions International and I look forward to helping inject this information-based strategy into the fragmented telecommunications market place, where I am sure the impact will be significant. The market opportunity has never been greater, but without the "Intelligent" dimension of a VNO, the traditional VNO model is destined des·tine tr.v. des·tined, des·tin·ing, des·tines 1. To determine beforehand; preordain: a foolish scheme destined to fail; a film destined to become a classic. 2. to suffer margin challenges compared to the new i-VNO model. I am here to make a difference and I have joined Connectivity Solutions International because of the quality of the team." Said Tom Hudson, CEO for CSI, "We are delighted to have Bob join us. As we continue to add key executive talent and unparalleled experience to the management team at CSI, I am confident that they bring excellence in execution to our vision as an i-VNO. This will bring tremendous value to our customers and shareholders alike." About Capital Growth Systems, Inc. Capital Growth Systems, Inc. is a public reporting company under the Securities Exchange Act of 1934 and is based in Schaumburg, Ill. The company's common stock is currently quoted on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under the symbol CGSY.OB. Its Web site is www.connectivitysi.net. The company currently has six wholly owned operating subsidiaries: Magenta netLogic, Ltd. (www.magenta-netlogic.com); Global Capacity Group, Inc. (www.globalcapacity.com); CentrePath Inc. (www.centrepath.com); NexVu Technologies, LLC ( www.nexvu.com); Frontrunner Network Systems, Inc. ( www.frontrunnernetworks.com ); and 20/20 Technologies, Inc. (www.20-20technologies.net ). Forward-Looking Statements Certain information discussed in this press release may constitute forward-looking statements within the meaning 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 and the federal securities laws. Although the company and its subsidiary believe that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the company's inability to accurately forecast its operating results; the company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the company's business. For further information on factors which could impact the parent company and the statements contained herein, reference should be made to the parent company's filings with the Securities and Exchange Commission, including annual reports on Form 10-KSB, quarterly reports on Form 10-QSB and current reports on Form 8-K. The company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events. |
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