Curl Corporation Corrects and Replaces Previous Announcement, BW2444, MA-CURL.Business Editors NOTE: The following new release replaces and corrects the previous Curl Corporation news release, which ran earlier Thursday on Business Wire, BW2444, (MA-CURL) CAMBRIDGE, Mass.--(BUSINESS WIRE)--Feb. 28, 2002 Curl Corporation Raises $7 Million in Financing; Changes in Executive Management and Board of Directors are Announced Curl Corporation, the leading software infrastructure company for the development and delivery of content in a Web-based environment, today announced that it has completed a $7 million financing round led by Baker Capital and Equity Group Holdings. The latest round of financing is expected to take the company to its next level of growth, which will include aggressive sales and marketing campaigns, and further product development. "The ability to finance Curl in a very challenging investor environment is a further acknowledgement of the success expected for Curl's software technology and indication of strong support from the investment community," said Tony Spirito, CFO See Chief Financial Officer. for Curl Corporation. "In fact, in less than 10 months, more than 170,000 of the Surge(TM) software platform plug-ins have already been downloaded to run applications developed with the Curl(TM) content language, creating traction Traction Definition Traction is the use of a pulling force to treat muscle and skeleton disorders. Purpose Traction is usually applied to the arms and legs, the neck, the backbone, or the pelvis. within the software developer community." Accompanying the financing will be changes to the executive management team and the Board of Directors. Effective immediately, Bob Young, company founder, has resigned from his position 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. and from the Curl Board of Directors. George A. Keyworth II and D. James Guzy also have resigned from the Curl Board. Newly appointed directors Joseph Saviano and Jonathan Grabel of Baker Capital as well as Christopher Terman Ter·man , Lewis Madison 1877-1956. American psychologist who developed the intelligence quotient (IQ) as a measure of intelligence and created an English version of the tests used in the Binet-Simon scale. of MIT MIT - Massachusetts Institute of Technology join existing directors P. Kevin Kilroy of Baker Capital, Mitchell Mitchell, city (1990 pop. 13,798), seat of Davison co., SE S.Dak.; inc. 1881. Mitchell is a trade, distribution, and shipping center for a dairy and livestock area. P. Rales RALES Cardiology A series of trials–Randomized Aldactone Evaluation Study that demonstrated that the addition of Aldactone®–spironolactone to standard therapies–eg, ACE inhibitors, resulted in a 27% ↓ in total mortality in of Equity Holdings and Stephen A. Ward of MIT. Curl's Board of Directors also announced that Thomas (language) Thomas - A language compatible with the language Dylan(TM). Thomas is NOT Dylan(TM). The first public release of a translator to Scheme by Matt Birkholz, Jim Miller, and Ron Weiss, written at Digital Equipment Corporation's Cambridge Research Laboratory runs R. Stiling has been recruited as the company's senior executive and is appointed president of Curl. "The goal of the Curl founders was to build a company with a solid foundation to produce and market a leading-edge commercial technology that would become a technology standard for the next wave of Web applications. Thanks to the dedication, tireless efforts and the incredible collective intellectual talent of our software engineers, we have accomplished that. Our next phase of maturation maturation /mat·u·ra·tion/ (mach-u-ra´shun) 1. the process of becoming mature. 2. attainment of emotional and intellectual maturity. 3. is to build a strong customer base while positioning Curl aggressively in the commercial software sector, " said Tom Stiling, Curl president. About Curl Corporation Curl Corporation is a software infrastructure company whose content development and delivery platform enables true client/server functionality in a Web-based environment. The platform consists of a unified software environment that incorporates and extends the capabilities of existing Web technologies in a single integrated content language, and that uses the power of client-side processing to bring desktop application functionality to Internet, intranet and extranet applications. The result is better performing and more powerful Web-based applications See Web application. ; reduced development, deployment and maintenance costs; and more effective use of existing server and bandwidth capacity. Curl Corporation was a recipient of the Crossroads 2002 A-List Award and has been named by Computerworld as one of the top 100 companies to watch in 2002. For more information, visit www.curl.com. Curl is a trademark of Curl Corporation. All other trademarks appearing in this press release are the property of their respective owners. |
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