The CattleSale Company Announces Election of New Director.Business Editors SAN ANTONIO--(BUSINESS WIRE)--Dec. 15, 2003 The CattleSale Company (formerly known as Dynacore Holdings Corporation) (EBB:CTLE CTLE Continuous-Time Linear Estimation ) today announced that David S. Geiman has been elected to the Company's Board of Directors effective Dec. 11, 2003 and will serve as Chairman of the Executive Committee. Geiman has been President and 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. of CattleSale since June of 2003 and will continue in that role. Geiman is the founder and owner of New Dominion Management, an agricultural consulting company Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee consulting firm business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a that provides business analysis, construction management and risk and hedging program development services for large agri-business entities in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada. In addition, he owns significant interests in contract feeder pig production facilities and a task management software company. From 1980 until 1995 Geiman worked for Continental Grain Company, one of the top grain merchant companies in the United States. He held positions in grain merchandising, strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. and operations management Operations management is an area of business that is concerned with the production of goods and services, and involves the responsibility of ensuring that business operations are efficient and effective. and from 1985 until 1995, David was David Was (born David Weiss, 26 October 1952, Detroit) is, with his stage-brother Don Was, the founder of the influential 1980s pop group, Was (Not Was). Reviewed by The New York Times Senior Vice President and General Manager of Continental's Cattle Feeder Division. During this period he grew the division to the largest cattle feeder operation in the U.S., trading nearly 100,000 head of cattle per month and generating annual sales of $800-$900 million. Geiman received his undergraduate degree “First degree” redirects here. For the BBC television series, see First Degree. An undergraduate degree (sometimes called a first degree or simply a degree from George Washington University George Washington University, at Washington, D.C.; coeducational; chartered 1821 as Columbian College (one of the first nonsectarian colleges), opened 1822, became a university in 1873, renamed 1904. in Washington, D.C. 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 from the University of Virginia. He spent three years in agricultural and rural development in the Peace Corps in West Africa. "I am very excited about joining the Company's board at this particular time," said Geiman. "The next few months will be very challenging and critical to this company's success. Now that the fall cattle selling season has concluded, and prior to the next selling season, we will take the time to evaluate and improve upon the business model for the company's core product -- namely, the Internet cattle auction. However, we will also look to broaden our agent network and will look for investment opportunities with other entities who may have products or services which would bolster our own product portfolio," Geiman added. Geiman joins Messrs. Gerald N. Agranoff, Phillip P. Krumb, Mark A. Margason, Edward L. McMillan, and David W. Pequet as the Company's current Board members. The Company has two remaining Board member vacancies. The Company also announced that it received additional short term financing on Dec. 11, 2003 which bridges the company into the private placement that is currently being marketed by Brill Securities Inc., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , N.Y. The Brill private placement is a "best efforts" offering and while the successful completion is necessary for the company to execute its 2004 business plan, there can be no assurance that such offering will be completed. This press release contains forward-looking statements about the business, financial condition and prospects of the Company. The actual results of the Company could differ materially from those indicated by the forward-looking statements because of various risks and uncertainties, including without limitation, the risks associated with entering into a new line of business, changes in product demand, the reliability of the Internet, changes in competition, economic conditions, new product development, changes in tax and other governmental rules and regulations applicable to the Company, and other risks indicated in the Company's filings with the Securities and Exchange Commission. These risks and uncertainties are beyond the ability of the Company to control, and in many cases, the Company cannot predict the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. When used in this press release the words "believes," "estimates," "plans," "expects," and "anticipates" and similar expressions as they relate to the Company or its management are intended to identify forward-looking statements. |
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