iShopper.com Hires Chief Technology Officer.Business Editors SANDY, Utah--(BUSINESS WIRE)--July 25, 2000 iShopper.com Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: IHPR IHPR Institute of Health Promotion Research IHPR Insect Host Plant Resistance ), an Internet and technology holding company, Tuesday announced it has hired Paul Sachdeva as its chief technology officer (CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. ). Sachdeva will be responsible for centralizing the information technologies of the companies in the iShopper.com portfolio. Sachdeva currently heads up two companies that were acquired by iShopper.com during the second quarter of 2000, Atlantic Technologies International Inc. (ATI (ATI Technologies Inc., Markham Ontario, http://ati.amd.com) A leading manufacturer of graphics chips and display adapters. Founded in 1985 by K. Y. Ho, Benny Lau and Lee Lau, ATI chips and boards are widely used by OEMs. ) and Internet Software Solutions Inc. (ISSI ISSI International Space Science Institute ISSI Inter-Switching System Interface ISSI International Society for Self and Identity ISSI International Society for Skin Imaging (Bochum, Germany) ISSI Internet Security Systems Inc. ). Sachdeva is the president of ATI which specializes in network and back-office installation services. The company also owns and operates ationline.com, a vertical portal offering ATI's services exclusively to computer resellers and dealers. Sachdeva is also the chief executive officer of ISSI, which is based in Orlando, Fla., with a software development team located in India. The company offers a variety of services and products designed to help organizations establish or enhance their Web presence. Prior to founding ATI and ISSI, Sachdeva was an associate research analyst for the Center for Research in Electrooptics and Lasers in Orlando. Sachdeva has bachelor's degrees in anthropology from Punjab University, India and in electrical engineering from the University of Central Florida “UCF” redirects here. For other uses, see UCF (disambiguation). UCF is a member institution of the State University System of Florida. UCF was founded in 1963 as Florida Technological University with the goal of providing highly trained personnel to support the Kennedy , Orlando. "Paul's international experience and connections, coupled with his technical knowledge and business-building skills make him the perfect fit for CTO," said Shane Hackett, 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 iShopper.com. "Paul will be an integral part of our management team as we expand iShopper.com's portfolio of promising technology companies both nationally and internationally." "My goals for iShopper.com from a technology standpoint are to enhance its software development efforts, coordinate the IT elements of its subsidiaries and lead the company's research into new and developing technologies," Sachdeva said. Based in Sandy, Utah, iShopper.com Inc. is an Internet and technology holding company with investments in business-to-business and business-to-consumer Internet companies. iShopper.com's strategy and core competencies include acquiring or taking strategic financial positions in cutting-edge companies that have synergies within the growing iShopper.com portfolio. Currently, iShopper.com's wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. include Uniq Studios Inc. (www.uniqstudios.com); Atlantic Technologies International Inc. (www.ationline.com); Internet Software Solutions Inc.; iShopper Internet Services Inc. (www.ishopper.com); NowSeven.com Inc. (www.nowseven.com); Outbound Enterprises Inc. (www.outbound.net); Stinkyfeet.com. Inc.(www.stinkyfeet.com); and TotaliNet.net Inc. (www.totalinet.net). This release is intended as a forward-looking statement forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The risks and uncertainties that may affect the operations, performance development and results of the company's business include but are not limited to (i) The ability to provide e-commerce technology in the future, (ii) Unexpected changes in the e-commerce/Internet market, (iii) The success of the company's expansion and sales and marketing strategies, (iv) Competition within the e-commerce Internet market, (v) The ability of the company to continue to finance its long-term strategy and expansion, and (vi) The ability of the company to motivate and retain the services of its key personnel and hire additional qualified personnel to meet evolving staffing needs. |
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