Leading Technology Executive Joins AcXess as Chief Development Officer.AcXess Continues To Enlist Nationally-Recognized Business and Technology Leaders In Its Drive to Bring Powerful and Affordable Business Continuity Solutions to the SME Market See SMB. BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla. -- AcXess, Inc. (Other OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : INIV.PK), the first company to make FORTUNE 100-class business continuity and resilient application solutions affordable for small and medium-sized enterprises, announced today that Russ Naples, the former vice president of product development for Citrix Systems, has joined the company as Chief Development Officer. Naples joins other high-powered executives at AcXess with significant experience in growing organizations into international market leaders. AcXess solutions protect companies from loss of operational capabilities and revenue during natural or man-made emergency situations. The company also delivers high availability managed services to organizations that need applications or product demonstrations on-demand. "Russ Naples is a highly respected technology executive with the proven ability to help organizations reach impressive levels of sales, profits and market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. ," said AcXess 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. Anthony Zalenski. "We are proud to have him on board, and confident that his leadership skills and vision will assist us in our drive to lead the business continuity market for small and medium-sized businesses." Naples comes to AcXess after 14 years at Citrix Systems, where he played an integral role in the firm's growth from a near startup stage to a world wide public company with a multi-billion dollar market capitalization. In the past two months, as AcXess has grown, the company has announced an impressive cadre of executives, consultants and board members, including: * New AcXess board member Roderick Dowling, Chairman of SunTrust Robinson Humphrey; * New AcXess board member Traver Gruen-Kennedy, Vice President of DayJet Corporation and former Chief Strategist at Citrix Systems; * New senior business consultants Phillip Ellett, former President of the Americas for Ingram Micro, and Bernard "Bud" Mathaisel, Senior Vice President and CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. for Solectron and former CIO for both Ford Motor Company and Disney. In his role as Chief Development Officer of AcXess, Russ Naples will drive the company's technology vision and product development operations. As Vice President of Product Development at Citrix, Naples was responsible for the engineering and delivery of the Citrix Access Suite of products including the Citrix Presentation Server Software from Citrix that provides a timeshared, multiuser environment for Unix and Windows servers. Formerly MetaFrame, Citrix Presentation Server uses the ICA protocol to turn the client machine into a terminal and governs the input/output between the client and server. , Password Manager and Secure Access Manager server software for the enterprise and small to medium-size businesses. Naples oversaw the architecture, planning, development, testing and delivery for the client/server product line. Naples worked with Citrix since 1993, holding other vice president and director-level positions within the company. Prior to Citrix, he held key engineering management positions at General Electric within the Aerospace business unit. He earned a master's degree in business administration from Chapman University and a bachelor of science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies in mechanical engineering from Rochester Institute of Technology. AcXess allows firms of almost any size to avoid loss of operational capabilities and revenue during natural or man-made emergency situations, and to meet stringent business continuity requirements demanded by customers, partners, shareholders and federal regulators. AcXess business continuity solutions are affordable and powerful, and can be the difference between staying in business or failing. According to the National Archives and Records Administration, only 43% of organizations suffering a disaster ever recover sufficiently enough to resume business and 93% of businesses losing access to their applications for 10 days or more file bankruptcy within one year. About AcXess, Inc. AcXess, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Innovative Software Technologies, Inc., is the first company to make FORTUNE 100-class business continuity and resilient application solutions affordable for small and medium-sized enterprises. AcXess enables resilience for critical IT infrastructure and allows firms of almost any size to avoid loss of operational capabilities and revenue during natural or man-made emergency situations, and to meet stringent business continuity requirements demanded by customers, partners, shareholders and federal regulators. The AcXess "channel-first" partner model enables VARs to immediately meet this rising demand for BC solutions while creating significant streams of recurring revenue. Prior to implementation of The AcXess Solution, a business impact analysis is completed for each customer that details the affordability and financial benefits of AcXess solutions, including 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). and reduced TCO (1) (Total Cost of Ownership) The cost of using a computer. It includes the cost of the hardware, software and upgrades as well as the cost of the inhouse staff and/or consultants that provide training and technical support. See ROI. . AcXess is headquartered in Boca Raton, Florida Boca Raton ("bōkə rə-tōn") is a city in Palm Beach County, Florida incorporated in May 1925. As of the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. . For more information, visit www.acxess.com. A profile for investors can be accessed at http://www.hawkassociates.com/inivprofile.aspx. For investor relations Investor relations The process by which the corporation communicates with its investors. questions regarding AcXess, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info@hawkassociates.com. Media contact, Derek Beckwith, Beckwith PR Group, at (617) 331-3567, e-mail: derek@beckwithpr.com. An online investor kit including press releases, current price quotes, stock charts and other information for investors may be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com. Forward-Looking Statement 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. Statements in this news release that are not strictly historical in nature constitute "forward-looking statements." Such statements include, but are not limited to, statements about business development activities and financings, and any other statements relating to Innovative Software's products, services and product development activities. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Innovative Software's actual results to be materially different from historical results or from any results expressed or implied by such forward-looking statements. These factors include, but are not limited to, risks and uncertainties related to commercialization of our products and services; capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. and related fund raising activities, personnel and the additional risks discussed in Innovative Software's filings with the Securities and Exchange Commission, including the risks disclosed in our form 8-k Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. filed on June 30, 2006. All forward-looking statements are qualified in their entirety by this cautionary statement, and Innovative Software Technology, Inc. undertakes no obligation to revise or update this news release to reflect events or circumstances after the date hereof. |
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