realink.com Elects Board of Directors.Business Editors PHOENIX--(BUSINESS WIRE)--Aug. 28, 2000 New board encompasses more than a century of experience in mortgage and high tech industries realink.com Appraisal Network announced the election of its first board of directors. Michael Schafer, Neill Fendly, Hrair Aredjian, William Doyle, Deven Parekh, Steve Green For other people named Steve Green, see . Steve Green (b. August 1, 1956 in Portland, Oregon) is a Contemporary Christian music singer notable for his vocal range (tenor 3) and flexible solo style. , Alan Hald and Mark Korell have been elected for the 2000-2001 board. The Phoenix-based company is the e-commerce parent company of United Systems Software, Inc. (UNITED), realink.com Appraisal Network and HomeValueNow.com, which provide appraisal services to the mortgage banking industry. "The mortgage industry is experiencing revolutionary changes as technology is applied to streamline its processes and realink.com is dedicated to be a major provider of these solutions," said Michael Schafer, chairman of realink.com. "In order to help the company identify industry needs and trends and react to them, we have recruited a blue-chip board of respected executives to provide strategic direction." Schafer is also president of realink.com's three subsidiary companies. These include United Systems Software Company (UNITED), a software provider for real estate appraisers nationwide; realink.com Appraisal Network, which connects mortgage lenders to appraisers via the Internet, and HomeValueNow.com, an advanced property valuation service available via the Internet. Before taking over the management of UNITED in 1992, Schafer was a partner in The Genesis Group Inc. Prior to joining UNITED, he founded The Video Concierge as well as Staged Right, Inc. Neill Fendly, CMC (Common Messaging Calls) A programming interface specified by the XAPIA as the standard messaging API for X.400 and other messaging systems. CMC is intended to provide a common API for applications that want to become mail enabled. 1. , NAMB's 1999 Mortgage Broker of the Year, as well as the 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 Phoenix-based Pathfinder Mortgage, was also elected to the board. He has served as president of the Arizona Association of Mortgage Brokers and was recently sworn in as NAMB's president-elect after having served as the association's vice president. He has been a member of both AAMB AAMB Arizona Association of Mortgage Brokers (also seen as AZAMB) AAMB All American Marching Band and NAMB NAMB North American Mission Board NAMB National Association of Mortgage Brokers NAMB National Association of Master Bakers for 12 years. Under his direction in all facets of production, Pathfinder Mortgage originated $160 million in loans last year. Hrair Aredjian joins the board as COO and CFO See Chief Financial Officer. of realink.com. Aredjian has 25 years of experience in international and corporate finance. Prior to joining realink.com, he served as CEO of Royal Oaks Properties, and CEO, owner and president of Thriftway stores, where he was instrumental in increasing its annual sales to more than $8 million. William Doyle is a managing director at Insight Capital Partners and brings more than 15 years of experience in the advanced technology and healthcare industries to the board. Prior to joining Insight, Doyle was a member of the Consumer Pharmaceutical and Professional Group Operating Committee and VP of licensing and acquisitions for Johnson & Johnson. At Johnson & Johnson, Doyle was also chairman of the Professional Research and Development Council and a director of Johnson & Johnson Development Corporation, Johnson & Johnson's venture capital subsidiary. Doyle was involved in the founding of Durel Corp., a joint venture of Rogers Corp. and 3M. He was the first employee of American Superconductor (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 : AMSC AMSC Army Management Staff College AMSC American Mobile Satellite Corporation AMSC American Miniature Schnauzer Club AMSC Area Maritime Security Committee AMSC Acquisition Method Suffix Code AMSC Advanced Missile Signature Center ), and is a co-founder of BellGeospace, Inc. Doyle also serves as a director of iMany, Carstation.com, Izoic, Downstream Energy, Cleanwise.com and the Butcher Wax Company. Another principal joining the board from Insight is Deven Parekh. Parekh has served as a principal with Berenson Minella & Company, a New York-based merchant banking firm where he worked on the firm's M&A Committee and spearheaded its aerospace industry investment banking effort. He also was involved in advising traditional industrial companies on their Internet strategies. Prior to Berenson Minella, Deven was 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. with The Blackstone Group where he was involved in both M&A advisory and principal activities. Steven Green, managing member of the General Partner - Blackwater Capital Group also joins the board. Prior to joining Blackwater Capital Group, he has held senior positions with Jefferies & Co., Inc. and Bear Sterns & Co., Inc. as an institutional equity block trader Block trader A dealer who will take a position in the block trades to accommodate customer buyers and sellers of blocks. See: Dealer, market maker, principal. assisting risk arbitrageurs, corporate and financial takeover specialists, leveraged buyout leveraged buyout, the takeover of a company, financed by borrowed funds. Often, the target company's assets are used as security for the loans acquired to finance the purchase. groups, pension funds and money managers. In 1990, Green formed Arcadian Capital, Inc., a boutique investment banking firm specializing in mergers and acquisitions, initial public offerings, refinancing, recapitalizations and reorganizations. Alan Hald, co-founder of MicroAge, Inc., a nationwide provider of technology infrastructure services, also joins the board. Through his guidance, MicroAge has grown from a single location in 1976, selling hobby kit computers, to a $6 billion Fortune 500 company. For the last two years, he has served as chairman of Image Choice, a MicroAge Corporation, where he pioneered the delivery of application integration services to corporate business and government through reseller channels. Mark Korell is Group CEO for Silicon Valley Syndicate. Korell previously served as chairman, president and CEO of FiNet.com, Inc., an e-commerce residential lending services firm headquartered in Walnut Creek, Calif. He has also served as CEO of IMX IMX In My eXperience IMX Interactive Music Exchange (TV show) IMX Integrated Multimedia Exchange IMX Industrywide Mortgage Exchange IMX Intermodal Marketing Extension IMX Inverse Multiplexor Exchange Inc., an e-commerce software firm; CEO of Norwest Mortgage, Inc., the nation's largest mortgage lender and loan servicer; and CEO of GMAC GMAC General Motors Acceptance Corporation GMAC Graduate Management Admission Council GMAC Give Me A Call GMAC Genetic Manipulation Advisory Committee GMAC Genetic Modification Advisory Committee (Singapore) GMAC Give Me A Chance Mortgage Group and its Residential Funding Corp. subsidiary. About realink.com realink.com is an e-commerce company specializing in on-line real estate appraisals Real estate appraisal An estimate of the value of property using various methods. and mortgage services to the mortgage banking industry. Its subsidiaries include United Systems Software Company, a leading appraisal software developer and the first to sign an agreement with Fannie Mae Fannie Mae: see Federal National Mortgage Association. for online appraisals; realink.com Appraisal Network, which connects mortgage companies to appraisers utilizing the Internet, and HomeValueNow.com, an automated property valuation model available via the Internet for appraisers, consumers and mortgage lenders. For more information about realink.com, contact Michael Schafer, at (800) 969-6006, mschafer@realink.com, or write realink.com at 617 South Rockford Drive, Tempe, AZ 85281, e-mail at info@realink.com, or visit their web site at www.realink.com. |
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