Hawaii National Bank Chairman Joins Patron Board.
CHICAGO--(BUSINESS WIRE)--Jan. 15, 2003
Patron Holdings, Inc. (OTCBB OTCBB
See OTC Bulletin Board (OTCBB). : PAHG) is pleased to announce that Warren K. K. Luke, Chairman and Chief Executive Officer of Hawaii National Bank Hawaii National Bank is a overseas Chinese bank in the United States. With branch offices in Hilo, Hawai'i, Oahu, and Maui, this privately-held community bank was first established on September 19, 1960 in the Chinatown neighborhood of downtown Honolulu. and its parent, Hawaii National Bancshares, Inc., will join Patron's board of directors effective immediately. Mr. Luke, in addition to his many activities in Hawaii and the Pacific, has also been an active member of a number of regional and national institutions. Mr. Luke served three consecutive three-year terms as a director of the Federal Reserve Bank of San Francisco The Federal Reserve Bank of San Francisco is the federal bank for the twelfth district in the United States. The twelfth district is made up of nine western states—Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington—plus American Samoa, , including a term as chair of its audit committee. He has served as a member of the Board of Governors of the American Red Cross American Red Cross: see Red Cross. and the United Way of America United Way of America: see community chest. and currently serves as a member of the Asia Pacific Advisory Committee for the Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. .
"Warren Luke is a senior, experienced, business leader who will be of great assistance to Patron as we build our financial services expertise, our board level certification program, and grow our Asian capability," said Patrick Allin, 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 Patron Holdings, Inc.
Mr. Luke has also agreed to chair the Corporate Governance Committee of Patron's Board.
A graduate of Babson College and the Harvard Graduate School of Business, Luke's banking career spans over thirty years. His numerous leadership positions in business and community affairs include: various assignments with the American Bankers Association The American Bankers Association (ABA) is comprised of banks and other financial institutions. It seeks to promote the strength and profitability of the banking industry by Lobbying federal and state governments, building industry consensus on key issues, and providing products and , chairman of the Pacific and Asian Affairs Council, and directorships for the following organizations: the Hawaii Chapter of the American Red Cross, the Chinese Chamber of Commerce of Hawaii, the Hawaii Community Reinvestment Corporation, the Honolulu Academy of Arts The Honolulu Academy of Arts was chartered in 1922 by Anna Rice Cooke (Mrs. Charles Montague Cooke), who desired to share her love for the arts with the children of Honolulu and Hawaiʻi. , the Land Use Research Foundation of Hawaii, Aloha Airlines, and membership on the advisory council for the Korea Economic Institute of America in Washington D.C.
Mr. Luke joins Richard G. Beggs, Chief Administrative Officer A chief administrative officer (CAO) is responsible for administrative management of private, public or governmental corporations. The CAO is one of the highest ranking members of an organization, managing daily operations and usually reporting directly to the chief executive for Daiwa Securities America, Patrick Allin, and Copper Yaw as directors of Patron. Additional directors will be announced over the next two months. These individuals are committed to working with the management team of Patron, whose credentials are listed below, to advance the Company's plan to drive growth and profitability.
Patrick J. Allin, CEO and Director
-- Senior Partner at PricewaterhouseCoopers and COO of the Global Consulting Practice -- Co-Chairman and CEO of Encore Development -- Audit Partner at Price Waterhouse
Marie Meisenbach Graul -- Senior Vice President and Chief
-- Vice President and Chief Financial Officer of NTE (NT Embedded) See Windows XP Embedded. , Inc.
-- CFO See Chief Financial Officer. and Treasurer for Schawk, Inc. (NYSE NYSE
See: New York Stock Exchange : SGK)
-- Vice President, J&W Seligman & Co.
-- US Securities and Exchange Commission, Division of Corporate
Brett Newbold, CTO, President -- Technology and Products Group
-- Served for eight years as VP of R&D for Oracle Corp. -- Senior
responsibility for the selection and development of new
technologies, reporting directly to Larry Ellison
-- President and COO of OpenText (Nasdaq: OTEX)
Rich Linting, President -- Security Services Group
-- Lead Technology Partner and Executive Committee Member at
-- President of Carreker Corporation (Nasdaq: CANI)
-- Built global consulting practices at both Computer Sciences
Corporation and Digital Equipment Corporation
With funding secured, an experienced management team and a world-class board in formation, Patron continues to successfully execute its operating strategy.
About Patron Systems, Inc.
Patron Systems, Inc. is a development stage information security company incorporated in April 2002 to provide security services and technology products to global enterprises. Patron's Security Services Group intends to work with organizations to provide comprehensive, certifiable solutions for trusted information environments. Initial offerings are contemplated to include vulnerability assessments, compliance and certification reviews, training, remediation, monitoring, and managed services. Patron's Technology Products Group, through its planned acquisition of third generation software and hardware, plans to help enterprises address security needs holistically throughout the IT environment. Patron Systems intends to deploy products maintaining the highest standards of independence, product quality and functionality, as well as ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). for the client organization.
Forward Looking Statements
The statements made in this press release are forward-looking and are based on current expectations that are subject to a number of uncertainties and risks, and actual results may differ materially. The uncertainties and risks include, but are not limited to, the ability to complete the proposed reincorporation merger or any proposed acquisitions, the ability of Patron or the Company to execute effectively its business plan, changes in the market for information security solutions, changes in market activity, anticipated increases in customers, seasonality, the development of new products and services, the enhancement of existing products and services, competitive pressures (including price competition), system failures, economic and political conditions, changes in consumer behavior and the introduction of competing products having technological and/or other advantages. Any forward-looking statements are made pursuant to 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 and, as such, speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to beliefs, plans, expectations, or intentions regarding the future. The Company assumes no obligation to update information concerning its expectations.