ESPRE Solutions Names Chief Financial Officer.PLANO, Texas -- ESPRE Solutions adds seasoned veteran with 20 years of financial management and banking experience to its executive management team ESPRE Solutions, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Pink Sheets:EPRS EPRS Egyptian Periodontal Restorative Society EPRS Employment Preparation for Retail Services EPRS Electronic Purchase Request System EPRS Emergency Pipeline Repair Systems EPRS Electronic Prepaid Recharge Services ), a Dallas-based media solutions and technology company with a revolutionary and patented video compression technology, today announced the appointment of Forres McGraw, CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. as its new chief financial officer. McGraw reports to Pete Ianace, ESPRE Solutions' chief executive officer, and is responsible for finance, accounting and investor relations Investor relations The process by which the corporation communicates with its investors. . McGraw, 46, formerly served as CFO See Chief Financial Officer. for several biomedical bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. and technology start-ups prior to joining ESPRE. While in this role, McGraw was successful at sourcing and securing start-up capital necessary to carry the companies forward. He negotiated and established international approval for a biotech company to perform clinical trials of a medical breakthrough technology used in the treatment of HIV HIV (Human Immunodeficiency Virus), either of two closely related retroviruses that invade T-helper lymphocytes and are responsible for AIDS. There are two types of HIV: HIV-1 and HIV-2. HIV-1 is responsible for the vast majority of AIDS in the United States. and AIDS related symptoms. Previously, McGraw served as a founding member and principal of several financial institutions operating in the fields of banking and factoring. His background includes extensive experience with international tax laws, SEC reporting requirements and funding regulations. According to Mr. Ianace, "ESPRE Solutions is very pleased with this excellent new appointment to help round out ESPRE's core management team. McGraw's thorough understanding of the critical strategic, tactical and compliance issues related to our business is fundamental to ESPRE's progression forward. The Board of Directors and executive team believe that the time has come for ESPRE, as a public company, to rapidly pursue the steps required to file periodic reports with the Securities and Exchange Commission under the Securities Exchange Act and have ESPRE's common stock traded on the Bulletin Board. In the past year, ESPRE has transformed itself through several key mergers and, as a result, is now in a position to introduce several new technologies which we believe will have a significant impact on our position in the marketplace. Naming a CFO with Forres' background and experience was essential to meet our goals as a public company." McGraw holds degrees in Accounting and Computer Science from Louisiana State University Louisiana State University and Agricultural and Mechanical College, generally known as Louisiana State University or LSU, is a public, coeducational university located in Baton Rouge, Louisiana and the main campus of the Louisiana State University System. and a graduate degree from Southern Methodist University Southern Methodist University, at Dallas, Tex.; United Methodist; coeducational; chartered 1911. The school's facilities include laboratories for electron microscopy and stable isotopes, a museum of paleontology, and a graduate research center. . About ESPRE Solutions, Inc.: Plano, Texas-based ESPRE Solutions is a public company (OTC Pink Sheets:EPRS) and groundbreaking media collaboration solutions provider that fulfills the promise of TV-quality streaming video over the Internet--even at dial-up speeds as low as 28Kbps. ESPRE Solutions intends to be the video applications provider of choice for Internet Service Providers, Fortune 1000 corporations, and institutions worldwide, adding both narrowband and broadband video to traditional voice and data applications. ESPRE Solutions' eView product suite provides an integrated solution for business and personal communications. To learn more about ESPRE Solutions, or to experience the company's pioneering eView technology, visit www.espresolutions.com. SAFE HARBOR Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities Reform Act of 1995. Forward-looking statements made by ESPRE Solutions, Inc. are not a guarantee of future performance. |
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