First Virtual Communications Appoints New Directors and Chairman.Business Editors/High-Tech Writers REDWOOD CITY Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif.--(BUSINESS WIRE)--Jan. 21, 2004 Mr. George Sollman and Mr. Werner Schmucking bring additional market knowledge and experience to First Virtual's Board; Ralph Ungermann to pursue other opportunities First Virtual Communications, Inc. (Nasdaq: FVCX), a premier provider of rich media web conferencing A videoconferencing session via the Internet. In order to interact with other participants, attendees use either a Web application or an application downloaded into their client machines. and collaboration solutions, today announced that the Company's Board of Directors (the "Board") appointed Mr. George Sollman as the new chairman of the Board, effective immediately, replacing Mr. Ralph Ungermann, who resigned as a director and as the Company's executive chairman. Mr. Sollman is the founder of Arabesque arabesque (ărəbĕsk`) [Fr.,=Arabian], in art, term applied to any complex, linear decoration based on flowing lines. In Islamic art it was often exploited to cover entire surfaces. Investments LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a firm that focuses on investments in early stage high technology startups. The Company also announced that Mr. Werner Schmucking, a 40-year veteran of Siemens AG Siemens AG German electrical-equipment manufacturer. The first Siemens company, Siemens & Halske, was founded in Berlin in 1847 to build telegraph installations. , had joined First Virtual as a new director, bringing the current number of Board members to six. "I am happy to welcome both new directors to our Board," said Jonathan Morgan, 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. of First Virtual Communications. "George brings invaluable market knowledge, technical expertise and operating experience that will help us expand our position in the rich media communications market. Werner brings a wealth of experience in global communications, with a unique perspective on the European markets." Prior to founding Arabesque Investments, Mr. Sollman was the co-founder and CEO of @Motion (acquired by Phone.com, now OpenWave) a company pioneering, developing and marketing Internet voice portal An interactive voice response (IVR) front end to a data retrieval system. This does not differ in core technology from traditional IVR; rather, the difference is in the application presented. Where old-style IVR was mostly a routing application (press 1 for sales, 2 for service, etc. servers. Before founding @Motion in 1997, Mr. Sollman was the president and CEO of Centigram cen·ti·gram n. A metric unit of mass equal to one hundredth (10-2) of a gram. centigram one-hundredth of a gram; abbreviated cg. Communications Corporation for 12 years, a leading voice messaging Using voice mail as an alternative to electronic mail, in which voice messages are intentionally recorded, not because the recipient was not available. company. From 1996-1997, Mr. Sollman was Chairman of the American Electronics Association The American Electronics Association (now known as AeA) is a nationwide non-profit trade association that represents all segments of the technology industry in the United States. , a trade group representing some 3,200 U.S. electronics firms. Today, Mr. Sollman serves on the Boards of Corticon Technologies and T-Venture, the venture capital arm of Deutsche Telekom Deutsche Telekom AG (ISIN: DE0005557508, FWB: DTE, NYSE: DT, LSE: DEU, TYO: 9496 ) (abbreviated DTAG) is a telecommunications company headquartered in Bonn, Germany. It is the largest telecommunications company in Germany and in the EU. , and as the chair of the Board of Advisors for the Leavey School of Business The Leavey School of Business at Santa Clara University was founded in 1923 and accredited by the Association to Advance Collegiate Schools of Business twenty years later. at Santa Clara University. "I am delighted to join First Virtual," commented Mr. Sollman. "The company has a unique opportunity to become a significant player in a very large market, and I look forward to contributing to its growth and success." In stepping down from the Board, Mr. Ungermann said, "I have decided to focus all of my energy on the explosive broadband IP wireless market, with a strong emphasis on China." Mr. Ungermann served as a director and chairman of the Board since co-founding First Virtual in 1993, and as executive chairman of the Board since 2002. He was the Company's chief executive officer and president from 1993 until January 1999, and then from July 2000 until June 2001. "On behalf of the entire Board of Directors, I want to thank Ralph for his vision in founding First Virtual and for his many years of service to the organization," commented Jonathan Morgan, CEO of First Virtual. "We wish him well in his new endeavors." Newly appointed director, Mr. Schmucking resides in Germany and has recently retired from a 40-year career at Siemens. He developed expertise in the International Telecommunications Business in sales, marketing, product management, services and strategic planning. Mr. Schmucking spent the last eleven years of his career serving as vice president of the Private Networks Group and Board Member of the Information Communications Group at Siemens. Additionally, Mr. Schmucking was president of ZVEI ZVEI Zentralverband Elektrotechnik- und Elektronikindustrie eV (German: electrical and electronic manufacturers' association) , the German Telecommunications Manufacturer Association, and vice president of Bitcom, an Information Telecommunication and Media Council. Today he works as a strategic adviser for the Information and Telecommunications Industry and as member of the supervisory board Supervisory board The board of directors that represents stakeholders in the governance of the corporation. for several European companies. About First Virtual Communications First Virtual Communications is a premier provider of rich media web conferencing and communications solutions. The Company's award-winning Click to Meet(TM) product line is enterprise-class software that enables corporate, education, healthcare and government customers worldwide to present, share, sell, train and collaborate. Click to Meet integrates the user's choice of data, audio and multipoint interactive video into existing work environments and into everyday communication tools such as instant messaging, web browsing and e-mail. Click to Meet software solutions are widely deployed in over 1,500 customer locations and excel in challenging environments such as military intelligence, emergency response, disaster recovery, corporate training and geographically dispersed tele-working locations, among others. Headquartered in Redwood City, California Redwood City is a suburb located on the San Francisco Peninsula in the San Francisco Bay Area of California. Redwood City is the county seat of San Mateo County. As of the 2005 census, the city had a total population of 76,000. , First Virtual Communications has operations in France, United Kingdom, Japan and China. More information about First Virtual Communications can be found at www.fvc.com or by calling 1-800-728-6337 or +1-650-801-6500 outside North America. Cautionary Statement Except for the historical information contained herein, this news release contains forward-looking statements, including, without limitation, statements containing the words, "believes,'' "anticipates,'' "expects'' and words of similar import. Such forward-looking statements have known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of First Virtual Communications, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others: the success of and timely release of the Company's Click to Meet(TM) products, the increase in sales of the Company's Click to Meet(TM) and Conference Server products, the Company's variability of operating results, market acceptance of web conferencing technology, potential inability to maintain business relationships with integrators, distributors and suppliers, rapid technological changes, competition and consolidation in the web conferencing industry, the importance of attracting and retaining personnel, and other risk factors referenced in First Virtual Communications' public filings with the Securities and Exchange Commission, including the Company's report on Form 10-Q Form 10-Q See 10-Q. for the three month period ended September 30, 2003. All trademarks are recognized. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion