Datrek Miller International, Inc. Announces Change in Management.SPRINGFIELD, Tenn. -- Datrek Miller International, Inc. ("DMI (Desktop Management Interface) The first desktop management standard from the DMTF. Enabling PCs to be monitored from a central console, it was superseded by the DMTF's Common Information Model (see CIM). " or the "Company") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DKMI) today announced that Patrick B. Fox has resigned as its Chief Financial Officer to pursue personal interests. The Company's management has commenced the process of searching for and screening candidates for a replacement Chief Financial Officer. The Audit Committee of the Board of Directors of the Company will interview the final candidates and make a recommendation to management regarding a replacement. Max Waits, the Company's Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , will serve as interim principal financial officer. Mr. Waits is the former Chief Financial Officer of Norwood Promotional Products, Inc. About Datrek Miller International, Inc. Datrek Miller International is a leading supplier of products and services to the golf industry. The company produces revenue through three separate divisions: on course, off course, and tournament planning. The Company has a combined 75 year history and reputation for designing, manufacturing, and supplying premium golf accessories including golf bags, travel covers, bag tags Bag tags, also known as baggage tags, baggage checks or luggage tickets, have traditionally been used by airlines to route passenger luggage that is checked in to the final destination. , head covers, towels, divot tools, luggage, and a wide assortment of gifts and awards. The Company offers many value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. services such as product embellishment, including complimentary logo creation and artwork. Stanford International Bank Ltd., an affiliate of Stanford Financial Group, is the primary shareholder and the stock is listed on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under the trading symbol Trading symbol See: Ticker symbol DKMI.OB. Forward Looking Statements: Statements contained in this news release which are not strictly historical are forward looking within the meaning of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. clause of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Datrek Miller International makes these statements based on information available to it as of the date of this news release and assumes no responsibility to update or revise such 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. . Words such as "projects", "believe", "anticipates", "estimate", "plans", "expect", "intends", and similar words and expressions are intended to identify forward-looking statements and are based on our current expectations, assumptions, and estimates about us and our industry. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. Although Datrek Miller International believes that such forward-looking statements are reasonable, we cannot assure you that such expectations will prove to be correct. Our actual results could differ materially from those anticipated in such forward-looking statements as a result of several factors, risks and uncertainties. These factors, risks and uncertainties include, without limitation, Datrek Miller International's success in integrating the operations of the merged businesses, and associated reduction in costs, the successful implementation of its business plans including growth of existing product offerings, the successful integration of new management team members, continued and increased demand for its products, competition from larger and/or more experienced participants in the industry, its ability to continue to develop its markets, general economic conditions, and other factors that may be more fully described in Datrek Miller International's literature and periodic filings with the Securities and Exchange Commission. You are urged to carefully review and consider these disclosures which describe certain factors which affect our business. |
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