Cycomm appoints Albert I. Hawk as president and chief executive officer.MCLEAN, Va.--(BUSINESS WIRE)--May 16, 1996--Cycomm International Inc. (AMEX AMEX See: American Stock Exchange :CYI CYI Can You Imagine ) announced Thursday the appointment of Albert ("Bud") I. Hawk as president and chief executive officer of the company succeeding Peter Hickey who has resigned to pursue other information technology opportunities. Hawk is the managing director of Corstone Corp., a private merchant and investment banking company specializing in the telecommunications and information technology industries, headquartered in McLean. Hawk has been an executive officer and director for numerous publicly and privately held companies privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , both domestic and foreign, and was involved in Cycomm's acquisition of part of AT&T Corp.'s Datotek division and most recently, XL Computing Corp. Hawk has participated in numerous financings and in operations of telecommunications companies See telecom company. . Hawk is also an attorney, practicing in the areas of mergers, acquisitions, corporate and securities law prior to leaving private practice in 1991. Hickey stated, "This transition is consistent with my announced intentions and goals upon my appointment two years ago. I achieved the reorganization of the company, that is presently defining its market for its product line. "I was recruited during a time when the company was principally oriented o·ri·ent n. 1. Orient The countries of Asia, especially of eastern Asia. 2. a. The luster characteristic of a pearl of high quality. b. A pearl having exceptional luster. 3. towards research and development and embarked on a program to transform the company with solid technology and technical depth into a company with a full line of privacy and security products for the consumer market." Hawk stated that, "The company's near term objectives will be to continue to define the market for its full line of voice and data telephony security products and take advantage of the synergies between the Portland, Oregon operations and the recently acquired Sebastian, Florida Sebastian is a city in Indian River County, Florida, United States. The population was 16,181 at the 2000 census. As of 2004, the population recorded by the U.S. Census Bureau is 18,671 [1]. operations. "In this regard, the company will be ideally positioned to participate in the consolidation of the security marketplace through various acquisitions." Hawk further stated that, "The company is indebted in·debt·ed adj. Morally, socially, or legally obligated to another; beholden. [Middle English endetted, from Old French endette, past participle of endetter, to oblige to Mr. Hickey for his extraordinary efforts to reposition the company. On behalf of the company and all of its stockholders, I want to wish Mr. Hickey well in his future endeavors." In connection with the transition, Donald Sessamen and Gregory Moore have resigned from the board of directors. Cycomm International Inc., headquartered in McLean, with subsidiaries in Sebastian, Fla., Portland, Ore., Boston and Albuquerque, N.M., develops and manufactures a variety of information technology products, including computers and computing systems, wireless and cellular devices, secure communications products, various other telecommunications services In telecommunication, the term telecommunications service has the following meanings: 1. Any service provided by a telecommunication provider. 2. and specializes in secure computing For the general concept, see . Secure Computing Corporation, or SCC, is a public company (NASDAQ: SCUR) that develops and sells computer security products, such as:
CONTACT: Cycomm International Inc. Albert Hawk, 800/884-8544 |
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