Datatrac Corporation Appoints R. Lee Morris Vice President and Chief Financial Officer; Senior Executive to Oversee Company's Day-to-Day Financial and Operational Management.Business Editors/High-Tech Writers ATLANTA--(BUSINESS WIRE)--April 12, 2004 Datatrac Corporation (www.dtrac.com), the leading solutions provider for the time-sensitive logistics industry, today announced the appointment of R. Lee Morris as Vice President and Chief Financial Officer. Morris will be responsible for managing all financial, legal, and human resource activities, as the company expands delivery of its real-time logistics network solutions to shippers, freight forwarders An individual who, as a regular business, assembles and combines small shipments into one lot and takes the responsibility for the transportation of such property from the place of receipt to the place of destination. , and delivery service companies. Datatrac Chief Executive Officer, Dennis Hogue, said, "Lee brings a wealth of insight and experience to Datatrac, having distinguished himself as an accomplished financial manager. His demonstrated financial acumen and organizational leadership reinforces Datatrac's ability to offer our customers proven solutions that maximize logistics efficiency." With more than 30 years financial and operational management experience, Morris' professional accomplishments span the financial and software industries. Most recently he was a Managing Director with EGL EGL Enterprise Generation Language (IBM) EGL European Gemological Laboratory EGL Elegant Gothic Lolita (Japanese fashion) EGL Energy Grade Line EGL Eagle Global Logistics, Inc. Holding, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . Prior to that, he served as CFO See Chief Financial Officer. and as a Director for a number of highly successful Georgia-based companies, including DocuCorp International (formerly FormMaker Software, Inc.) and American Technical Services Group. He also served as CFO for E3 Corporation and Allure Fusion Media. Under Morris' leadership at E3, DocuCorp, and American Technical Services Group, each company experienced tremendous growth, earning recognitions such as "Fast Tech 50", "Atlanta 100", "INC 500", "National Fast 500 Technology", and "Atlanta Business Chronicle Top 25 Computer Company." Morris began his career in public accounting with PricewaterhouseCoopers (formerly Coopers & Lybrand). "Having worked in the software industry for more than 30 years, I understand the need for proven technology solutions that offer customers new levels of efficiency and service provisioning," said Lee Morris. "As an industry leader Datatrac is uniquely positioned to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. this need within the time-sensitive logistics industry, and I look forward to playing a financial and operational role in the company's continued success." About Datatrac Corporation Datatrac has been helping shippers, freight forwarders and delivery service companies grow revenues by maximizing logistics efficiency since 1977. Over 500 customers - including 8 of the top 10 expedited delivery companies - have used our software solutions to compete more effectively. With our practical applications of RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. , GPS and wireless technologies, Datatrac is leading the industry to a streamlined delivery and settlement process that directly impacts financial measurements through improved productivity and reduced Days Sales Outstanding In accountancy, Days Sales Outstanding is a company's average collection period. A low figure indicates that the company collects its outstanding receivables quickly. Typically it is looked at either quarterly or yearly (90 or 365 days). (DSO See CSO. ). To learn more, please visit www.dtrac.com or call 877-413-8722. |
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