Convera Names Sprint Veteran Kurt Gastrock as Chief Operating Officer.VIENNA, Va. -- 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 technologies to commercial enterprises and government agencies, today named Kurt C. Gastrock, a long-time Sprint Corporation (NYSE NYSE See: New York Stock Exchange :S) executive, to serve as its 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. . "We are delighted that an executive with Kurt's management and operational experience has agreed to join Convera's senior management team at this important juncture junc·ture n. The point, line, or surface of union of two parts. in the company's development," said Patrick C. Condo, Convera President and Chief Executive Officer. Gastrock has more than 15 years combined experience with Sprint, ranging from sales, to operations, to general management of a significant business segment. Most recently, Gastrock served as Vice President and General Manager of Sprint Wireless Sites. In this role, he was responsible for all aspects of Sprint's $200 million per year cell tower lease-up business, managing a large, geographically-dispersed team, and leading the divestiture The breakup of AT&T. By federal court order, AT&T divested itself on January 1, 1984 of its 23 operating companies, which became known as the Regional Bell Operating Companies (RBOCs). to Global Signal, valued at more than one billion dollars. Gastrock previously held the jobs of Vice President of Sprint Hosting Solutions and Vice President of Sprint E|Solutions during his career at the telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. giant. He also served as Vice President of Engineering at application service provider USinternetworking, Inc. headquartered in Annapolis, Maryland “Annapolis” redirects here. For other uses, see Annapolis (disambiguation). Annapolis is a city in the United States of America with a population of 36,408 (July 2006 est.), the capital of the State of Maryland and the county seat of Anne Arundel County. . "I couldn't be happier about joining Convera," stated Mr. Gastrock. "Search technology is one of the fastest growing markets and I firmly believe that Convera, with its patented technologies and emerging Excalibur(TM) offering, is uniquely positioned to take advantage of that growth in both the commercial and government markets." About Convera Convera is a leading provider of search technologies to commercial enterprises and government agencies. Through its two offerings, Excalibur(TM), a newly developed Web search solution and RetrievalWare(R), its "flagship" enterprise search product, Convera offers unique search technology capable of providing an integrated results page derived from both intranet and Internet content. Convera's technologies manage vast stores of structured and unstructured information that exist within internal repositories and on the Web by providing highly scalable, fast, accurate and secure search capabilities across text, video, image and audio information, in multiple languages. More than 900 customers in 40 countries rely on Convera search solutions to power a broad range of mission-critical applications. 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; the ability to continue funding operating losses operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. ; fluctuations in operating results including impacts from reduced corporate IT spending and lengthier sales cycles; continued success in technological advances and development including the Excalibur Web initiative; possible disruption 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 reports to the Securities and Exchange Commission. 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 SEC. 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(R), RetrievalWare(R), Excalibur(TM) and Screening Room(R). The names of actual companies and products mentioned herein, if any, may be the trademarks of their respective owners. |
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