DIV@ Announces Enhancement to Management Team.Business Editors DALLAS--(BUSINESS WIRE)--June 2, 2000 Digital Information & Virtual Access Inc., (DIV@), a Nevada corporation A Nevada Corporation is a corporation chartered under the laws of the U.S. state of Nevada. Nevada, like the state of Delaware (See Delaware corporation), is well known as a corporate haven. , (Pink Sheets:DVTL) announced today the Board of Directors has approved the following changes to its management structure: Richard C. (Rick) Lottie has assumed the duties of President & 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 company; Joe Glover Glov´er n. 1. One whose trade it is to make or sell gloves. Glover's suture a kind of stitch used in sewing up wounds, in which the thread is drawn alternately through each side from within outward. , formerly the President & CEO, has assumed the role of Chairman of the Board of DIV@. Mr. Glover will continue to provide his expertise and knowledge of the business with a particular interest in pursuing strategic relationships and potential acquisitions. Mr. Lottie will continue the company's growth plan. Over the past year, DIV@ has grown its core business, the Underground Shopper, from its base in Dallas to gaining a market presence in 13 major U.S. markets. Mr. Lottie brings to DIV@ 25 years of information technology experience. Prior to joining DIV@, Mr. Lottie served as Group Executive of Global Delivery Services for MCI Systemhouse MCI Systemhouse , a subsidiary of Washington, DC-based MCI Communications Corporation, was the result of the merger of Canadian company SHL Systemhouse with MCI's technical services branch. The new company was formed to provide systems integration and outsourcing services. , MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. WorldCom's global information technology company, which was acquired by EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. in April 1999. Mr. Glover states, "It is with great excitement that I yield the day-to-day operations of DIV@ to such a magnificent manager. Rick possesses all the skills and experience necessary to continue to develop DIV@ into a formidable competitor in the cross media markets." This announcement includes "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. " within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements may include, without limitation, estimates and assumptions with respect to revenue potential, profitability, strategies, business formulas, cash flows, and capital expenditures. Although DIV@ believes that the expectations and assumptions reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. Such forward-looking statements and assumptions are qualified as may be provided in DIV@'s annual reports filed or to be filed with the Securities and Exchange Commission. |
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