Memotec Promotes Mark Silverman and Elects Jacques Demanche as CFO.Business Editors MONTREAL--(BUSINESS WIRE)--Jan. 18, 2000 Memotec(R)(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :MCM (MultiChip Module or MicroChip Module) A chip package that contains several bare chips mounted close together on a substrate (base) of some kind. .) (ME:MCM.) Memotec Communications Inc. (Memotec), a leading provider of voice, data and video convergence solutions, today announced the appointment of Mark Silverman as Executive Vice-President. Mr. Silverman had previously served as Vice-President, Sales and Marketing. "Mark's broad experience will bring a tremendous benefit to Memotec as it targets strong financial performance in a fast growing, dynamic market," said Henry Epstein, Chairman and Chief Executive Officer of the Company. In addition, Memotec's Board of Directors has elected Jacques Demanche as Vice-President, Finance and Chief Financial Officer. Mr. Demanche replaces Alain Miquelon who has left the Company. "We are pleased to add a talented and experienced executive to our senior management team," concluded Mr. Epstein. Mr. Demanche was previously Treasurer of Gaz Metropolitain. About Memotec Memotec Communications Inc. is an industry-leading provider of data, voice and video convergence solutions for telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. carriers, ISPs and corporate customers. The Company's product line of access devices and edge switches provides consolidation of multiservice traffic over packet-based and cell-based networks such as Frame Relay A high-speed packet switching protocol used in wide area networks (WANs). Providing a granular service of up to DS3 speed (45 Mbps), it has become popular for LAN to LAN connections across remote distances, and services are offered by most major carriers. , IP and ATM. Memotec has a distribution network extending to over 50 countries. Common shares of Memotec stock are publicly traded on the Montreal Exchange Montreal Exchange A Canadian derivatives exchange that facilitates the trading of stock options, interest rate futures and options, as well as index options and futures. Located in Montreal, Quebec, it is the country's main financial derivative market, while the Winnipeg and The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol MCM. Additional information is available at www.memotec.com. Memotec is a registered trademark of Memotec Communications Inc. |
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