TechSys, Inc. Appoints Bert Wasserman and Vishal Garg to Board of Advisors.Business & High Tech Editors LIVINGSTON, N.J.--(BUSINESS WIRE)--September 20, 2000 Former Time Warner Chief Financial Officer And Global Financial Expert Are Latest Additions To Board of Advisors TechSys, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : TKSS TKSS Tanjong Katong Secondary School (Singapore) TKSS Telok Kurau Secondary School (Singapore) ) today announced the appointment of Bert Wasserman, former Executive Vice President, Chief Financial Officer and Director of Time Warner, Inc., and Vishal Garg, founder and Chief Investment Officer of a global investment firm focused on international technology investing, to its Board of Advisors. Bert Wasserman Mr. Wasserman brings to TechSys nearly 40 years of proven experience in dealing with broad and complex corporate and financial matters for one of the world's most prolific and successful media enterprises. From 1990 until his retirement in 1995, Mr. Wasserman served as Executive Vice President and Chief Financial Officer of Time Warner, Inc. and served on the Board of Directors of Time Warner and its predecessor company, Warner Communications, since 1981. He joined Warner Communications, Inc. in 1966 and had been an officer of that Company since 1970. Currently, Mr. Wasserman is a director of several investment companies in the Dreyfus Family of Funds Family of Funds A group of mutual funds offered by one investment or fund company. Each mutual fund has different characteristics and can range depending on investment objective. Also referred to as a "Mutual Fund Family" or simply a "Fund Family". and is also a member on the Boards of Directors of Malibu Entertainment, Inc., Lillian Vernon Corporation, WinStar and PSC (Public Service Commission) Same as PUC. , Inc. He is a 1954 graduate of Baruch College, whose Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. he has served as Vice President (1981-1983) and President (1984-1987) and continues to serve on its Board of Directors. In 1982, he received the Eleanor Roosevelt Humanitarian Award for his philanthropic activities and, since 1986, he has served on the Board of Directors of the Gurwin Jewish Geriatric Center of Long Island. In 1966, he joined the Board of Recording for the Blind and Dyslexic. He is a Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. and received his law degree in 1961 from Brooklyn Law School History The school was founded in 1901 by William Payson Richardson and Norman Haffey. It opened with 18 students. The school is noted for its diversity. Photographs indicate that by 1909, African Americans and women attended the school. The school was affiliated with St. . Vishal Garg With significant experience in the telecom, media, technology and financial markets and having founded two technology-focused investment advisory and asset management firms This is a list of corporations that provide financial asset management.
Currently, Mr. Garg is the co-founder and Chief Investment Officer of Schwendiman Technology Partners LLC. He is also the Founder and Managing Partner of 1/0 Capital LLC, the first hedge/venture capital fund focused on investments in the technology sector in developing markets. Previously, Mr. Garg was a Managing Director and Portfolio Manager at Stratos Advisors, an emerging markets investment advisor with assets exceeding $120 million, where he was responsible for investments in the media, telecom and technology arenas. Prior to Stratos, he was with Morgan Stanley Dean Witter in the Mergers & Acquisitions and Latin America Investment Banking Groups, where he gained experience in providing innovative merger advisory and capital raising services to some of the firm's most prominent clients, including AT&T, Alestra, Grupo Televisa, Starmedia, YPF, Grupo Perez Companc, PDVSA PDVSA Petroleos De Venezuela, SA , CGC, Petrobras and Aguas Argentinas. Before that, he was a Portfolio Manager with VZB Partners, the manager for the Strategos Family of Emerging Markets hedge funds. There he was responsible for Asia Pacific and Frontier Markets portfolio strategies. He was also Co-Portfolio Manager for a managed account for Rockefeller & Co., investing in public and private equity opportunities in developing markets. From 1995 to 1998, when Mr. Garg was with VZB Partners, the Strategos Fund was one of the best performing funds in its class (No.4 in 1996 and No.9 in 1997, according to Micropal and the Wall Street Journal) with an average annual return of over 30%. Mr. Garg graduated Beta Gamma Sigma Beta Gamma Sigma or ΒΓΣ is an honor society for business students and scholars. Founded in 1913 at the University of Wisconsin, it has over 580,000 members, selected from 460 chapters in AACSB-accredited business schools. and cum laude from the School of Business at New York University New York University, mainly in New York City; coeducational; chartered 1831, opened 1832 as the Univ. of the City of New York, renamed 1896. It comprises 13 schools and colleges, maintaining 4 main centers (including the Medical Center) in the city, as well as the with a B.S. in Finance and International Business. H. William Gordon, Chief Executive Officer of TechSys, stated, "In light of our aggressive growth initiatives in India and the current opportunities available there and elsewhere, we are gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. to have recruited proven top executives who can evaluate these opportunities and counsel management accordingly. On behalf of TechSys' management, I am pleased to welcome Bert and Vishal to our team." About TechSys, Inc. The Company is focusing on the Information Technology sector, with an emphasis on software services and Internet-based call centers. TechSys is an emerging technology company emphasizing accelerated growth through the consolidation of India-based, IT-oriented companies operating in two high growth sectors, managed software solutions and Web-based call center services. According to a study conducted by the National Association of Software and Service Companies (NASSCOM NASSCOM National Association of Software and Service Companies (India) ), India's software industry is expected to grow 15-fold from $5.7 Billion in 2000 to $87 Billion by year 2008. In addition, the study indicated that, by 2008, more than one million additional jobs will be created in India to serve the web-enabled call center A call center that receives calls from a link on a Web page. Such Web sites include a "talk" button on a page that allows visitors to obtain additional information from a human via IP telephony directly at their computers, providing of course that they have a microphone and speakers market, expected to generate annual revenues of over $17 Billion. This press release contains forward looking statements which involve numerous risks and uncertainties. The Company's actual results could differ materially from those anticipated in such forward looking statements as a result of certain factors, including the risk factors set forth in the Company's registration statement (No. 333-45492) filed with the Securities and Exchange Commission on September 8, 2000. |
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