Cover-All Technologies Inc. Announces John Roblin Becomes Chairman.Business Editors FAIR LAWN Fair Lawn, borough (1990 pop. 30,548), Bergen co., NE N.J., across the Passaic River from Paterson; inc. 1924. It is residential with light industries. , N.J.--(BUSINESS WIRE)--February 1, 2001 Cover-All Technologies Inc. (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. : COVR.OB; PHLX PHLX See: Philadelphia Stock Exchange PHLX See Philadelphia Stock Exchange (PHLX). : COVR), a Delaware corporation A Delaware corporation is a corporation chartered in the U.S. state of Delaware. Delaware is well known as a corporate haven, and thus, over 50% of US publicly-traded corporations and 58% of the Fortune 500 companies are incorporated in the state. ("Cover-All" or the "Company"), announced today that John Roblin John Roblin (June 3 1774-February 28 1813) was a farmer and political figure in Upper Canada. He was born in New Jersey in 1774. After the American Revolution, he settled in Adolphustown Township. He was elected to the 5th Parliament of Upper Canada for Lennox and Addington. , President and Chief Executive Officer, has been named Chairman of the Board of the Company effective immediately. Mr. Roblin replaces Mark Johnston, who will remain a director of the Company. Mark Johnston, said: "John has demonstrated his considerable abilities as 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. during the comprehensive restructuring and reorganization of the Company over the past 12 months. As the Company is now positioned to capitalize on the opportunities before it, I am delighted with John's transition to the role of Chairman and CEO." John Roblin, added: "I look forward to building on the initiatives we took during the last year into 2001. This is a very exciting time for Cover-All as we continue to improve and develop our products and service offerings. I welcome the opportunity to lead the Company through this period of growth and development. Moreover, at this time I would like to express our sincere appreciation and acknowledgement of the considerable contribution that Mark has made to the Company. We look forward to Mark's continued contributions as a consultant to the Company through the transition and as an active member of our Board." Cover-All also announced today that the Company has named Ann Massey, its Controller, as its Chief Financial Officer, replacing Mr. Johnston, who has been the Interim Chief Financial Officer since March 2000. Ms. Massey has been with the Company since 1989 and has served in various capacities, including most recently Controller, Assistant Treasurer and Corporate Secretary. Ms. Massey is a graduate of Fairleigh Dickinson University Fairleigh Dickinson University, at Florham-Madison and Teaneck-Hackensack, N.J.; coeducational; incorporated and opened 1942 as a junior college, became a four-year college in 1948 and a university in 1956. . Mr. Roblin said, "We are very pleased to have Ann become part of our management team. We recognize Ann's accomplishments, service and dedication to the Company and we look forward to having her serve in her new role. We again thank Mark Johnston for his financial expertise and guidance throughout a challenging period for the Company." Founded in 1984, Cover-All is a leading software developer dedicated to providing solutions and services to the property and casualty insurance industry. Utilizing the latest software technology, the Company specializes in providing effective, forward-looking business solutions. Cover-All is based in Fair Lawn, New Jersey Fair Lawn is a borough in Bergen County, New Jersey, United States. As of the United States 2000 Census, the borough population was 31,637. As of 2006, the Census Bureau estimate a population of 31,246. . More information may be obtained from the company's Web site at www.cover-all.com. Statements in this press release, other than statements of historical information, are forward-looking statements that are made pursuant to the 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. provisions 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. Forward-looking statements involve known and unknown risks which may cause the Company's actual results in future periods to differ materially from expected results. Those risks include, among others, risks associated with increased competition, customer decisions, delays in productivity programs and new product introductions, and other business factors beyond the Company's control. Those and other risks are described in the Company's filings with the Securities and Exchange Commission (SEC) over the last 12 months, copies of which are available from the SEC or may be obtained upon request from the Company. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion