DirectView Set to Acquire Former SONY National Sales Manager.Business Editors BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--Oct. 16, 2003 DirectView, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :DRVW) announced today they have executed a Letter of Intent to acquire Meeting Technologies, Inc. and name its President, Michael J. Perry, Chief Executive Officer of DirectView, Inc. Meeting Technologies, Inc. is a videoconferencing equipment provider founded by Mr. Perry. Prior to Meeting Technologies, Mr. Perry held the position of National Sales Manager sales manager n → gerente m/f de ventas sales manager n → directeur commercial sales manager sale n → for Sony Electronics Sony Electronics Inc., headquartered in San Diego, Calif., is the largest component of Sony Corporation of America, the U.S. holding company for Sony's U.S.-based electronics and entertainment businesses. (NYSE NYSE See: New York Stock Exchange :SNE SNe Supernovae (astronomy) SNE Sony Corporation (stock symbol) SNE Syndicat National de l'edition (French Publisher's Association) SNE Society for Nutrition Education ) Videoconferencing Group. In addition to Mr. Perry's extensive experience at SONY, he also served for years as General Manager of 2CONFER, L.L.C., one of the nations former premier videoconferencing value added reseller See VAR. (company) value added reseller - (VAR, or "value added retailer") A company which sells something (e.g. computers) made by another company (an OEM) with extra components added (e.g. specialist software). , and formerly one of SONY's largest resellers during the 1990's. Michele Ralston, Chairman of the Board commented: "Mr. Perry brings over 14 years of experience and relationships within the Videoconferencing Industry to DirectView and we are very pleased to have Mr. Perry with his extensive specific experience fill such a strategic role within the company. Mr. Perry has been in the unique position of holding a senior management position both in manufacturing and distribution, and furthermore has been a senior manager both in a small and large publicly traded NYSE company. Mr. Perry's unique expertise provides DirectView with unparalleled management not only for today, but well into the future." Michael Perry stated: "I am extremely excited to join the DirectView management team. This rapidly growing company represents the opportunity to build a global leader in the Videoconferencing marketplace. DirectView has the ability to offer a complete end to end solution for a wide variety of videoconferencing solutions. About Meeting Technologies, Inc. Meeting Technologies, Inc. is value added reseller and distributor of videoconferencing goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. , with a strong emphasis on Sony Videoconferencing equipment. In addition, Meeting Technologies is the exclusive North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. distributor for Interactive Intelligence, http://interactivei.net, a low cost; highly functional MCU (1) (MicroController Unit) A computer on a single chip. See microcontroller. (2) (Multipoint Control Unit) A device that is used to moderate a videoconference of three or more end points (users at computers or groups of users and H.323 firewall solutions manufacturer. About DirectView, Inc. DirectView Inc., http://www.DirectViewInc.com, is a full-service provider of high-quality, cost efficient videoconferencing technologies and services. DirectView also provides multipoint videoconferencing, network integration services, custom room design, staffing, document conferencing and IP / Webconferencing services to businesses and organizations in the United States and around the world. DirectView conferencing services enable our clients to cost-effectively, instantaneously conduct remote meetings by linking participants in geographically dispersed locations. This announcement contains forward-looking statements that involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the company's limited operating history, the limited financial resources, domestic or global economic conditions -- especially those relating to China, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws, restrictions and regulations on doing business in a foreign country, in particular China, and conditions of equity markets. More information about the potential factors that could affect the company's business and financial results is included in the Company's filings, available via the United States Securities & Exchange Commission. |
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