Data Return Corporation Announces Addition of T. Geir Ramleth to Board of Directors.DALLAS--(BUSINESS WIRE)--Nov. 23, 1999-- Data Return Corporation (Nasdaq: DRTN) today announced that the Board of Directors has elected T. Geir Ramleth to the Board effective November 12, 1999. Mr. Ramleth is founder and principal of GeirHeads, an Internet investment and advisory company. From December 1995 to December 1997, he served as President and Chief Executive Officer of Genuity, Inc., a pioneer in the advanced distributed Internet hosting and net sourcing market segment. The company was acquired by GTE GTE General Telephone & Electronics GTE Génie Thermique et Énergie (French) GTE Gas Turbine Engine GTE Global Tropospheric Experiment GTE Geothermal Energy GTE Gas Turbine Efficiency plc (Sweden & USA) Internetworking (formerly BBN (BBN Technologies, Cambridge, MA, www.bbn.com) A consulting firm that participated in the development of some of the most extensive networks in the world, including ARPANET, which evolved into the Internet. It was founded in 1948 as a consulting service in acoustics by Dr. ). Before founding Genuity, he was responsible for Commercial Systems at Bechtel Group, Inc. and, prior to that, was Practice Director at Oracle Corporation. He was a co-founder of PageMart Wireless, Inc. where he served as Vice President and CFO See Chief Financial Officer. . Mr. Ramleth has served as a director of UWI UWI University of the West Indies UWI Unique Well Identifier UWI Unisoft Wares, Inc. UWI Unattended Windows Installer UWI Unified Workforce Intelligence .com since January 1998. "Geir brings to Data Return the track record and invaluable perspective of an entrepreneur entrepreneur (än'trəprənûr`) [Fr.,=one who undertakes], person who assumes the organization, management, and risks of a business enterprise. who led one of the early success stories in the advanced web hosting Making a Web site available on the Internet. Many ISPs host a few personal Web pages for an individual at no additional cost above the monthly service fee, but the address is subordinate to the ISP; for example, www.friendlyisp.com/pat_smith. space," said Sunny C. Vanderbeck, Data Return's Chairman and Chief Executive Officer. "We are delighted to add an executive of his caliber to the Company's Board of Directors." "As demand for increasingly sophisticated web hosting and e-commerce solutions continues to accelerate, Data Return is strongly positioned to deliver high-end Web-based applications See Web application. , advanced managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality , and high performance content," Mr. Ramleth said. "I look forward to working with the Board to maximize Data Return's impact in this exciting and rapidly evolving market." About Data Return Corporation Data Return Corporation is a leading provider of advanced Internet hosting services An Internet hosting service is a service that runs Internet servers, allowing organizations and individuals to serve content to the Internet. There are various levels of service and various kinds of services offered. A common kind of hosting is web hosting. based on Microsoft technologies. The Company's advanced managed services include the hardware, software and network infrastructure and systems management expertise to implement and support high-end web-based applications. Data Return focuses on sophisticated enterprise customers and mature "dot.com" companies that deploy e-commerce and business-critical web sites, through which they can effectively conduct transactions and manage information over the Internet. Through its key partnerships, Data Return leverages a highly scalable deployment architecture and utilizes state-of-the-art data centers to cost-effectively manage its customers' web sites. More information is available by visiting the Company's web site at www.datareturn.com. Forward Looking Statements This press 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. , including statements related to growth in the Web hosting and e-commerce solution market. Actual results may differ materially due to a number of risks, including changes in external competitive market factors, changes in or an inability to execute Data Return's business strategy, unanticipated changes in the hosting industry, the economy in general and changes in the use of the Internet. Data Return cannot guarantee future results, levels of activity, performance or achievements. The matters discussed in this press release also involve risks and uncertainties summarized under the heading "Risk Factors" in Data Return's Prospectus dated October 27, 1999 and are updated from time to time through the filing of reports and registration statements with the Securities and Exchange Commission. Data Return does not assume any obligation to update the forward-looking information contained in this press release. |
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