GTECH Senior VP/CTO Donald Stanford Joins Board of buyroad.com, `Roads of Tomorrow' for Businesses Battling Amazon and Others Online.
FAIRFIELD, Conn.--(BUSINESS WIRE)--March 2, 2000
Donald L. Stanford, senior vice president and chief technology officer (CTO) of GTECH Corporation, has been named as the first outside Board member of buyroad.com(TM), Inc.
Gregory R. Imbruce, chairman of buyroad.com, said the Board now includes his brother, Douglas J. Imbruce, buyroad.com's founder and president, James Vodola, Stanford and himself.
Earlier this week, the buyroad.com Web site (www.buyroad.com) was launched, ushering in a new competitive era on the Internet by empowering small businesses with "community commerce" and a free turnkey e-commerce solution. buyroad.com groups similar e-businesses within topic-specific Roads, fully-integrating commerce, news, communication, community, and local offerings specific to lifestyles and industries. Designed as the Internet's "Roads of Tomorrow," buyroad.com gives small business the power to transact online and compete effectively with Amazon.com(R) and other major players.
"We are extremely proud to have such a distinguished leader of the IT industry join our Board," Imbruce said. "Donald Stanford has an enviable record of success and a world of experience, and we know his contributions and guidance will be instrumental to our growth."
Stanford has spent 20 years with GTECH (NYSE: GTK), which has a $700 million market capitalization and is the world's leading supplier and operator of computerized online lottery systems, providing services and equipment for about 30 state and 50 international lotteries. At GTECH, his responsibilities have continually increased in the technical management and strategic direction of the company, as he helped guide the growth of the technical organization from a software staff of four in 1979 to more than 900 professionals today. Most recently, he formed the Communications Technology Group, which focuses on network technologies, providing GTECH with a competitive advantage in marketing on-line transaction processing networks on which its applications run. In addition, he serves as the technical spokesman for GTECH on matters including system design, technical operating philosophy and future advanced product development.
Stanford recently received the 1999 Black Engineer of the Year Award for Professional Achievement and The Honorable Justice Thurgood Marshall Award for Community Service. He holds an M.S. in Computer Science/Applied Math and a B.A. in International Relations from Brown University.
buyroad.com, Inc. is a privately-held e-business company that offers an ASP platform serving business-to-business and business-to-consumer vertical marketplaces through a network of online Roads, fully-integrating commerce, news, communication, community, and local offerings specific to lifestyles and industries. buyroad.com commerce enables businesses with a free turnkey e-commerce solution and unites online businesses with interest specific chats and forums that allow users to shop socially. Its unique network of lifestyle and industry-specific Roads deliver targeted customers and resources to businesses, facilitating a social, informative and productive online experience for business and consumer shoppers alike. buyroad.com is based in Fairfield, Connecticut, where work began on its innovative concept in early 1998, and from where www.buyroad.com was launched in early 2000.
buyroad is a trademark of buyroad.com, inc. Other trademarks are properties of their owners.