CoolSavings' Matt Moog Named Finalist for Illinois Ernst & Young Entrepreneur of the Year 2004 Award.Business Editors CHICAGO--(BUSINESS WIRE)--June 1, 2004 Matt Moog, 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. of CoolSavings, Inc. was named a finalist by professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. firm Ernst & Young LLP LLP - Lower Layer Protocol for the Entrepreneur of the Year 2004 Awards in Illinois. Moog was selected from nominations in Illinois by a panel of judges Panel of Judges is an indie pop band from Melbourne, Australia. Members
Moog became the CEO of CoolSavings, an online direct marketing and media company, in 2001--when Internet ad spending was declining and the boom was busting. By 2003, Moog had led the team in a financial turnaround Turnaround A situation where a company that has had poor performance for an extended period of time experiences a positive reversal. Notes: A speculator may profit from a turnaround if he or she accurately anticipates the improvement of a poorly performing company. and positioned CoolSavings as the leader in its space with a diverse range of interactive technology, analytic an·a·lyt·ic or an·a·lyt·i·cal adj. 1. Of or relating to analysis or analytics. 2. Expert in or using analysis, especially one who thinks in a logical manner. 3. Psychoanalytic. and marketing network solutions. Moog cites good communication as a key factor in the turnaround of CoolSavings. "It is critical that employees are aware of why business decisions are being made, both in the lean and boom phases of a company," he said. "We are fortunate to have a passionate and experienced team that shares a common vision. Only by being completely honest with one another could we stay focused on our goals and objectives, and succeed when so many others have failed." "I am honored to be named a finalist for this prestigious award among such distinguished individuals," said Moog. "Ernst & Young's commitment to formally recognize the entrepreneurial spirit pays tribute to the role of technology and innovation in improving the lives of companies and the customers they serve." The Ernst & Young Entrepreneur of the Year awards program is nationally sponsored by Microsoft and by the Kauffman Foundation. Illinois program sponsors are Crain's Chicago Business, Clifton Gunderson LLP, Mayer, Brown, Rowe, & Maw, Chicagoland Entrepreneurial Center, and The British Midlands British midland may refer to:
Finalists will be selected in award categories announced at an awards banquet A banquet is a large public meal or feast, complete with main courses and desserts. It usually serves a purpose, such as a charitable gathering, a ceremony, or a celebration. Sometimes a banquet consists of only desserts, but it is advisable to include main courses as well. June 10 in Chicago. Illinois winners will be eligible for consideration for the Entrepreneur of the Year 2004 national program. Winners in several national categories, as well as the overall national Ernst & Young Entrepreneur of the Year, will be announced at the annual awards gala in Palm Springs, Calif., in November 2004. About the Ernst & Young Entrepreneur of the Year(R) Awards Program The Entrepreneur of the Year awards program was created and is produced by professional services firm Ernst & Young LLP, a global leader in professional services. As the first award of its kind, Ernst & Young Entrepreneur of The Year recognizes outstanding entrepreneurs who are building and leading dynamic and growing businesses. The program honors entrepreneurs through regional, national and global award programs in over 100 cities and 35 countries. About CoolSavings CoolSavings is an online direct marketing and media company that provides smarter solutions to help marketers reach their target consumers. Combining a broad distribution network, sophisticated analytics and proprietary technology with superior customer service, we enable a wide variety of advertisers to identify and engage their best customers among our nearly 11.5 million active registered households. CoolSavings is a registered trademark of CoolSavings, Inc. Other product and company names herein may be trademarks of their respective owners. Cautionary Note Regarding 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. Statements in this press release regarding CoolSavings' business that are not historical facts are 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, including the statements under "Business Outlook" and other statements regarding the CoolSavings' expectations, beliefs, hopes, intentions or strategies. Where possible, such forward-looking statements have been identified by use of words such as "project", "target," "forecast," "believe," "expects," and similar expressions. Known and unknown risks, uncertainties and other factors, both general and specific to the matters discussed in this press release, may cause CoolSavings' actual results and performance to differ materially from the future results and performance expressed in, or implied by, such forward-looking statements. These risks, uncertainties, and other factors include, without limitation, CoolSavings' to meet any debt repayment or equity redemption demands of its preferred stockholders, CoolSavings' ability to protect its patents, trademarks and propriety pro·pri·e·ty n. pl. pro·pri·e·ties 1. The quality of being proper; appropriateness. 2. Conformity to prevailing customs and usages. 3. proprieties The usages and customs of polite society. rights, the successful introduction of new products by CoolSavings, the ability to add new members, the ability to attract, assimilate as·sim·i·late v. 1. To consume and incorporate nutrients into the body after digestion. 2. To transform food into living tissue by the process of anabolism. and retain highly skilled personnel, and CoolSavings' ability to retain its advertisers. For further discussion of some of the risks, uncertainties and other factors which could cause actual results and performance to differ from those expressed in, or implied by, the forward-looking statements, see "Risk Factors" in CoolSavings' Form 10-Q Form 10-Q See 10-Q. for the quarter ended September 30, 2003, as filed with the SEC. Except as expressly required by the federal securities laws, CoolSavings undertakes no obligation to update or revise any forward-looking statements as a result of new information, future events or developments, changed circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or , or any other reason. |
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