Datatec CFO Ron A. Marino Resigns to Pursue Start-Up Opportunity.Business Editors FAIRFIELD, N.J.--(BUSINESS WIRE)--Aug. 10, 2001 Datatec Systems, Inc. (Nasdaq: DATC DATC Davis Applied Technology College (Kaysville, Utah) DATC Days After Test Completion DATC Deferred Adverse Tax Consequence DATC Direct Assistance & Training Command DATC Director of Air Traffic Control ), today announced that Ron A. Marino, CFO See Chief Financial Officer. , Secretary and Treasurer has resigned his positions with Datatec. Mr. Marino and his family will be moving to North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. where he has accepted a position with a wireless technology firm. Isaac J. Gaon, Datatec Chairman and 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. , will temporarily assume the additional duties of CFO while the company completes a search for Mr. Marino's replacement. Mr. Gaon, a chartered accountant char·tered accountant n. Chiefly British Abbr. CA A member of one of the institutes of accountants granted a royal charter. , had previously served as Datatec's Chief Financial Officer from April 1992 until October 1994. He has been Chief Executive Officer since October 1994 and Chairman of the Board since December 1997. "Ron has helped guide us through the recent unprecedented slowdown in the technology sector, and we wish him well in his new endeavor," said Mr. Gaon. "Through his diligent efforts and those of our entire management team, Datatec's cost structure is fully aligned with its revenue forecast for fiscal 2002. We have already seen both top and bottom line growth in Q1 FY2002 and expect the trend to continue as we enter Q2." About Datatec Systems, Inc. Fairfield, NJ-based Datatec Systems specializes in the rapid, large scale market absorption of networking technologies. Datatec's deployment services utilize a software-enabled implementation model to configure, integrate and roll out new technology solutions using a "best practices" structured process. Its customers include Fortune 1000 companies and world-class technology providers. Datatec stock is listed on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. (DATC). For more information visit Datatec at http://www.datatec.com/ |
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