Gensym Announces Appointment of Lowell Hawkinson as CEO and President.BURLINGTON, Mass. -- Gensym Corporation (company) Gensym Corporation - A company that supplies software and services for intelligent operations management. Common applications include quality management, process optimisation, dynamic scheduling, network management, energy and environmental management, and process (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. : GNSM), a leading provider of rule engine software for mission-critical solutions, today announced that Lowell Hawkinson, chairman of Gensym's board, is replacing Kim Mayyasi as 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. and president. Mayyasi is leaving the company and its board of directors to pursue a new opportunity. Hawkinson was a founder of Gensym and previously served as the company's CEO for 16 years of its 20 years. "We are sorry to see Kim depart and wish him the very best in his new pursuit," said Hawkinson. "He made a very positive impact on the company and moved it forward with many new initiatives. I am excited about working with the company and its seasoned management team to continue to move the business ahead with these initiatives. The company is well positioned for success with its outstanding product technology, great customers, and strong partner channels." About Gensym Corporation Gensym Corporation (www.gensym.com) is a leading provider of rule engine software and services for mission-critical solutions that automate To turn a set of manual steps into an operation that goes by itself. See automation. decisions in real time. Gensym's flagship G2 software applies real-time rule technology for decisions that optimize optimize - optimisation operations and that detect, diagnose diagnose /di·ag·nose/ (di´ag-nos) to identify or recognize a disease. di·ag·nose v. 1. To distinguish or identify a disease by diagnosis. 2. , and resolve costly problems. With G2, the world's largest organizations in manufacturing, utilities, communications, transportation, aerospace, finance, and government maximize the agility of their businesses and achieve greater levels of performance. Gensym and its numerous partners deliver a range of services throughout the world, including training, software support, application consulting, and complete solutions. Gensym and G2 are registered trademarks of Gensym Corporation. All other trademarks are property of their respective owners. This news release contains 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. as that term is defined in 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. Any statements contained in this news release that relate to prospective events or developments are deemed to be forward-looking statements. These forward-looking statements are subject to important risks and uncertainties, which could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, but are not limited to, the impact of intense competition, the effectiveness of our indirect distribution channel and strategic relationships and the ability of our partners to effectively market and deliver their Gensym-based solutions, fluctuations in demand for our products, and the other risks and factors discussed in our most recent quarterly report filed with the Securities and Exchange Commission. Although we believe the expectations reflected in the forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained. We disclaim dis·claim v. dis·claimed, dis·claim·ing, dis·claims v.tr. 1. To deny or renounce any claim to or connection with; disown. 2. To deny the validity of; repudiate. 3. any intent or obligation to update any forward- looking statement as a result of developments occurring after the date of this news release. |
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