Corniche Group Names CEO.EULESS, Texas--(BUSINESS WIRE)--Sept. 17, 1999-- The Corniche cor·niche n. A road that winds along the side of a steep coast or cliff. [Short for French route en corniche : route, road + en, on + corniche, Group Incorporated (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CNGI CNGI China Next Generation Internet ) announced today the promotion of Robert F. Benoit to Chief Executive Officer. Mr. Benoit was also appointed to the Board of Directors. Bob Benoit joined the company in February 1999 as Executive Vice President and 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. to develop the company's e-commerce Web site, www.warrantysuperstore.com. Mr. Benoit commented, "I am very excited about my new responsibilities 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. of the Corniche Group. To date we have made tremendous progress for a start up company in a very short amount time. Now that we have completed the development of all our e-commerce store fronts, our focus remains clear, to develop brand awareness and partnerships with other e-tailors for www.warrantysuperstore.com." Robert H. Hutchins, President of Corniche, was named Acting Chairman of the Board. Additionally, Mr. Joel San Antonio and Mr. Ronald Glime, resigned from the Board of Directors, effective immediately, citing personal reasons. Mr. San Antonio and Mr. Glime both stated they have tremendous optimism for the Company's future and complete confidence in Mr. Benoit and the current management team. The Corniche Group is an e-commerce company that furnishes a variety of affordable service plans (warranties) conveniently and directly to the consumer via its Web site, www.warrantysuperstore.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 of 1995: To the extent that this news release makes statements about the future, such statements are forward looking and subject to a number of risks and uncertainties, including, but not limited to, the impact of competitive products, product demand and market acceptance risks, reliance on key strategic alliances, fluctuations in operating results and other risks, detailed from time to time in the Company's filings with the Securities and Exchange Commission. These risks could cause the Company's actual results from the current fiscal year and beyond to differ materially from those expressed in any forward looking statements made by, or on behalf of, the Company. No assurance can be made that the maximum or minimum amount of the shares to be offered pursuant to the offering will be sold. |
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