CybeRecord Adds Telecom Pioneer to Board of Directors.Business Editors, High-Tech Writers BELLEVUE, Wash.--(BUSINESS WIRE)--April 11, 2000 CybeRecord, Inc. (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CYRD) announced today that its board of directors has passed a resolution to add Robert Hogan Robert Hogan can refer to:
His appointment will be voted upon at the next annual meeting of company shareholders. Mr. Hogan was recently a member of the acquisition team that consolidated 25 communication and data networking companies into Expanets of Berkeley Heights, N.J. The consolidation created the largest U.S. mid-market provider of networked communications solutions, with revenues expected to exceed $1.4 billion this year. In 1996, he and an associate originated the consolidation concept that would become Expanets. He also serves on the board of VisualCommerce, a developer of mid-market e-commerce applications for the Microsoft platform. "Bob is a pioneer in the telephone systems interconnect business, where, in the early `70s, he created the country's first telephone equipment brokerage firm, the beginning of a series of companies he guided and sold for profit," said James Lucas, CybeRecord's chairman and chief executive officer. "His vision, insider knowledge, and business experience in the data networking and telecommunications industries are very important to our company as we grow." In 1997, Mr. Hogan introduced the executives of a world leader in high-quality, high-speed photo lab equipment to CybeRecord's founders. The photo processing supplier spent several months in due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. on CybeRecord's business plan and technology and was prepared to fund the startup, but was acquired before it could do so. "The due diligence was a powerful validation of CybeRecord's business plan, technology, and capability," said Mr. Hogan. "The ScanServer high-quality, high-speed automatic microfilm A continuous film strip that holds several thousand miniaturized document pages. See micrographics. Microfilm and Microfiche scanner is a true innovation in the industry, and the month-to-month rental program is a brilliant marketing strategy. The company's scanner and future products will open microfilm digitizing "Digitizer" redirects here. For the computer device, see Digitizing tablet. For the digitizer in Tablet PC's, see Tablet PC. Digitizing or digitization to small and mid-sized businesses that, until now, could not afford a system because of high costs of equipment, maintenance, and training. It will change the playing field completely because CybeRecord makes the technology available to everybody. "Demand for instantaneous data delivery has grown exponentially ex·po·nen·tial adj. 1. Of or relating to an exponent. 2. Mathematics a. Containing, involving, or expressed as an exponent. b. in the past few years, giving CybeRecord an even better market opportunity than it had in 1997," he added. "People are scrambling to find the most effective solutions to meet this demand. I have been following the company's development and market over the past four years and am convinced its ScanServer is the solution to digitize To convert an image or signal into digital code by scanning, tracing on a graphics tablet or using an analog to digital conversion device. 3D objects can be digitized by a device with a mechanical arm that is moved onto all the corners. microfilm records. "Another move in CybeRecord's favor is the growing interest in microfilm for hard-copy backup of computer-generated data, due to mounting skepticism over long-term stability The long-term stability of an oscillator, the degree of uniformity of frequency over time, when the frequency is measured under identical environmental conditions, such as supply voltage, load, and temperature. of digital storage media," he continued. "Microfilm, on the other hand, has stood the test of time. People will continue to use digital means to store information for short-term easy access, and the ScanServer, once again, is most favorably fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. positioned to scan microfilmed backup documents to make them readily available. "Overall, CybeRecord's future looks very bright. I am honored to serve on the board of a company comprised of such a distinguished team of professionals," Mr. Hogan concluded. CybeRecord, Inc. develops and manufactures products that automate and enhance digitization dig·i·tize tr.v. dig·i·tized, dig·i·tiz·ing, dig·i·tiz·es To put (data, for example) into digital form. dig of microfilm records, allowing knowledge workers and consumers to share this information as high-quality electronic images by way of the Internet, intranet, microwave, or satellite. For more information, call CybeRecord at 425/990-5593 or visit the company's Web site at www.cyberecord.com. This release contains 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. that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are cautioned to understand that important risk factors could cause actual results to differ from those assumed or anticipated in the forward-looking statements. These risk factors include potential fluctuations in quarterly results and demands for products and services, dependence on new product development, rapid technological and market change, financial risk management, and future growth risks. These cautionary statements should be considered in connection with any subsequent written or oral forward-looking statements issued by CybeRecord or persons acting on its behalf. CybeRecord undertakes no obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. |
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