Convera Announces New Chief Financial Officer.Business Editors/High-Tech Writers VIENNA, Va.--(BUSINESS WIRE)--May 3, 2004 Convera Corporation Convera was formed in December 2000 by the merger of Intel's Interactive Services division and Excalibur Technologies Corporation. Until 2007, Convera's primary focus was the enterprise search market through its flagship product, RetrievalWare, which is widely used within the secure (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 :CNVR CNVR Conveyor ), a leading provider of search and categorization software for enterprises and government agencies, today announced that John R. Polchin has joined the company as Executive Vice President, Chief Financial Officer and Treasurer. "While our search process for this key management role was extensive, we are pleased that our efforts have resulted in the retention of an experienced financial executive," said Patrick C. Condo, 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. , Convera. "John is well equipped to guide the financial management practice of Convera. His range of experience within diverse technology settings will serve us well as we continue to execute on our business objectives." Polchin, 40, was most recently Vice President, Chief Financial Officer and Treasurer of InteliData Technologies Corporation, a publicly traded provider of online banking software solutions. He previously held Chief Financial Officer positions at Orblynx, Incorporated, a global Internet infrastructure company, and e.spire Communications Spire Communications is a marketing agency that provides public relations, advertising, Web design, graphic design and marketing consulting services. Spire specialize in communicating enterprise-wide technology programs in business and government. The company is based in Fredericksburg, Va. , a publicly traded CLEC (Competitive Local Exchange Carrier) An organization offering local telephone service that is not one of the traditional telephone companies. The Telecommunications Act of 1996 allowed competition to the incumbent telcos (ILECs), enabling new companies (CLECs) . Polchin's background also includes the positions of Vice President of Finance, Corporate Controller and Treasurer for other technology and service companies. In addition to his duties as Chief Financial Officer, Polchin will also oversee the company's human resource and corporate administrative functions. "I am extremely pleased to be joining Convera during such an exciting time in the search software market," said John Polchin, Executive Vice President, CFO See Chief Financial Officer. and Treasurer, Convera. "I look forward to building on the company's growth over the past year while aggressively seeking additional improvements in our operating performance to enhance shareholder value." About Convera Convera is a leading provider of mission-critical enterprise search and categorization solutions. Convera's RetrievalWare solutions maximize return on investment in vast stores of unstructured information by providing highly scalable, fast, accurate and secure search across more than 200 forms of text, video, image and audio information, in more than 45 languages. More than 900 customers in 33 countries rely on Convera's search solutions to power a broad range of mission-critical applications including enterprise portals See corporate portal. , knowledge management, intelligence gathering, profiling, corporate policy compliance, regulatory compliance, customer service and more. For more information, contact Convera at 800-788-7758, via e-mail at info@convera.com or on the Web at www.convera.com This release, including any statements from Convera personnel, contains statements about Convera's future expectations, performance, plans, and prospects, as well as assumptions about future events. The reader is cautioned not to put undue reliance on these 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. , as these statements are subject to numerous factors and uncertainties, including without limitation, business and economic conditions and trends; continued success in technological advances; possible disruption disruption /dis·rup·tion/ (dis-rup´shun) a morphologic defect resulting from the extrinsic breakdown of, or interference with, a developmental process. in commercial activities caused by terrorist activity and armed conflict, such as changes in logistics and security arrangements; reduced customer demand relative to expectations; competitive factors; and other risk factors listed from time to time in the company's SEC reports. Actual results may differ materially from our expectations as the result of these and other important factors relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc Convera's business and product development efforts, which are further described in Convera's filings with the Securities and Exchange Commission. These filings can be obtained from the SEC's website located at www.sec.gov. Any forward-looking statements are based on information available to Convera on the date of this release, and Convera assumes no obligation to update such statements. The Convera design logo and the following are worldwide trademarks of Convera: Convera(TM), RetrievalWare(R), and Screening Room(R). The names of actual companies and products mentioned herein may be the trademarks of their respective owners. |
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