Scangraphics Inc. Elects Laurence L. Osterwise CEO, President and Director.
He was also elected to the board of directors. As announced last October, Larry Osterwise was to succeed as CEO, thereby replacing Andrew E. Trolio, after an appropriate transition period. Trolio will remain with the company as chairman of the board.
Osterwise came to Scangraphics as its Chief Operating Officer of November 1996, after having most recently been President of the Communications Division at General Instrument Corp., a world leader in developing technology, systems and product solutions for the secure interactive delivery of video, voice, and data, as well as in manufacturing and distribution of discrete semiconductors.
Prior to General Instrument Corp., Osterwise was with IBM Corp. for 25 years, where he held positions as President of Production Industries, U.S. Vice President and Corporate Director of Market Driven Quality and IBM Rochester General Manager and Director of Application Business Systems. Osterwise holds an MS degree in systems and information sciences from Syracuse University and a BS in mathematics from Duke University.
Trolio, who will continue on as Chairman of Scangraphics, said, "Since Larry Osterwise came to Scangraphics this past November, he has earned my highest level of respect. He is the kind of Chief Executive Officer and President that is right for our Company at this stage of its growth.
"I believe that the leadership skills that Larry developed during his 25 years at IBM have prepared him well for the challenges ahead as Scangraphics strives to become a major force in the Geographic Information Systems market."
Trolio added that "Larry Osterwise is a seasoned professional with a long list of career accomplishments which include leading IBM's Rochester Minnesota operations during the development of the AS/400 system, one of the most widely accepted business computing systems in the world today. Under his leadership, IBM Rochester was awarded the Malcomb Baldrige National Quality Award."
Osterwise stated, "I have now been with Scangraphics for almost six months, and my enthusiasm and confidence in the future of this company continues to grow by the day. This is a very exciting time in the life of Scangraphics.
"The opportunities facing our Scanner Division, our Technology Resource Center, and Sedona GeoServices are boundless, limitless. It is our goal to be the leading company in these business areas and we are committed to seizing these opportunities."
Scangraphics is a provider of Geographic Information Systems (GIS) database management software products and is a pioneer and leader in scanning and image processing technology, large document scanners, backfile conversion services, and imaging software and systems. Its products are marketed internationally through systems integrators and distributors.
Scangraphics is a publicly held corporation, with shares traded on NASDAQ (SCNG). Scangraphics Internet Home Page is: http://www.scangraphics.com Sedona GeoServices Internet Home Page is: http://www.sedonageo.com -0- Sedona is a trademark of Scangraphics Inc. Scangraphics is a registered trademark of Scangraphics Inc.
CONTACT: Scangraphics Inc.
Financial and Company Information:
Donna McMenamin, 610/328-1040, Ext 216, FAX: 610/543-6257