New Senior Management Team at TracerNET.Business Editors/Hi-Tech Writers CHANTILLY, Va.--(BUSINESS WIRE)--Nov. 20, 2000 TracerNET Corporation, a leader in integrated wireless location and message solutions for vehicle fleet management, is pleased to announce the addition of Eric M. Oganesoff as president and chief executive officer, Jim Foxworthy as vice president of sales and marketing, and John H. Long as chief financial officer. Mr. Oganesoff brings over 20 years experience in growing entrepreneurial companies. His background in mergers and acquisitions, the successful roll up to an IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. (with eventual sale to a Fortune 500 company), venture investing venture investing The acquiring of a stake in a start-up company by a brokerage firm or analyst by obtaining discounted, pre-IPO shares. Critics claim venture investing causes analysts to have a vested interest in seeing a stock appreciate in value and so , and Internet strategy initiatives for both large and small companies, well positions him for leading the overall corporate strategy and growth of TracerNET. "Eric Oganesoff is a proven entrepreneur with tremendous leadership and management skills and a very broad experience base for TracerNET," said Mike Miller, chairman of TracerNET and the company's outgoing 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. . "Eric brings a unique combination of strategic business skills, technical knowledge, and practical business knowledge that will provide TracerNET with top tier leadership." Mr. Oganesoff most recently was the Chief of e-Market Strategy for Louisiana Pacific Corporation (LP). Before that, he was chairman and CEO of GreenStone green·stone n. Any of various altered basic igneous rocks colored green by chlorite, hornblende, or epidote. greenstone Noun NZ a type of green jade used for Maori carvings and ornaments Industries, a company he founded, took public, and then sold to LP. Immediately before this, Eric was President of Washington Resources Group, a holding company with over 20 operating companies and venture capital investments in both high and low tech industries. He has a BSEE BSEE abbr. Bachelor of Science in Electrical Engineering and an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration , was a finalist in the Ernst and Young "Entrepreneur of the Year" program in 1997 (Washington, D.C. area) and received an executive appointment to NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. to lead the marketing strategy for the Space Shuttle space shuttle, reusable U.S. space vehicle. Developed by the National Aeronautics and Space Administration (NASA), it consists of a winged orbiter, two solid-rocket boosters, and an external tank. in the mid 1980s. Mr. Foxworthy has over 15 years experience in high technology sales and marketing and will be responsible for all of TracerNET's sales and marketing initiatives. "Jim Foxworthy's experience in the selling and marketing of high technology products brings a tremendous capability to TracerNET. His success in strategic development as well as the launching and managing of numerous software products will be invaluable for the company to achieve its accelerated growth plans," said Miller. Mr. Foxworthy was most recently director of sales and marketing for the Web Management Division of Sterling Software. Prior to that, he led several product management initiatives at Landmark Systems which included new product rollouts, alliance programs with major software and hardware vendors, and strategic development for a variety of products based on Windows NT, UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). and mainframe operating systems. He also held sales and product management positions with Legent, Computer Associates and EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. . Mr. Foxworthy has an MBA from George Mason University Named after American revolutionary, patriot and founding father George Mason, the university was founded as a branch of the University of Virginia in 1957 and became an independent institution in 1972. . Mr. Long is a seasoned veteran in equity and finance with extensive experience in new technology. From his earliest days at Fidelity Bank, he worked closely with independent cable television operators to assure their success in what was then a brand new medium. Since that time, he has been directly involved with the growth of nascent industries both in a hands-on fashion, and as an investment banker Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. . It is these combined skills Mr. Long brings to TracerNET. "With a 25 year career that has spanned two of the largest banks in the USA, Fidelity and Chase Manhattan, to the senior positions at Communications Equity Associates, to the Executive Vice President of Mid-Atlantic Communications, the third largest private cable operator in the country, John has driven for success," said Miller. Since graduating from Lehigh University in 1976 with a BS in Accounting and Finance, Mr. Long has been at the forefront of the technology revolution, either directly as a senior manager, or indirectly through investment. "These proven and successful executives provide tremendous added depth to TracerNET's current team that will accelerate the Company's growth in this fast moving marketplace. TracerNET is well positioned to aggressively deliver high value business solutions in the area of wireless mobile asset management," added Miller. TracerNET is a leading developer of integrated wireless solutions that allow companies to increase the utilization and effectiveness of delivery fleets. The company's solutions allow its customers to reduce routing and supply chain inefficiencies, optimize fleets, eliminate delivery uncertainties and control the quality of their customer's experience. Additional information about TracerNET can be obtained at http://www.tracernet.com/. |
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