More good news folks, hope this pops back up to 20s.
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Friday November 19, 6:43 pm Eastern Time
Company Press Release
adam.com Announces Organizational Changes To
Position The Company For Continued Growth
ATLANTA--(BUSINESS WIRE)--Nov. 19, 1999--adam.com (Nasdaq:ADAM - news) announced today a series of
organizational changes designed to position the company for growth and to execute on its role as a leading source of online
health and medical information.
As part of the changes, Brian Co, president of adam.com, will leave the company to pursue other interests and two key
executives will be promoted to head adam.com's sales & marketing and operations divisions.
As part of the new organizational structure, adam.com announced the promotion of Neal Alen from vice president of sales to
vice president of sales and marketing, and the promotion of Cyndi Logan from senior product manager to vice president of
operations.
As vice president of sales, Alen oversaw the transition of adam.com's health and medical product line from CD-ROM software
to Internet applications. He was also responsible for the development of the Physiology Instructor, AIA Student Edition and
Essentials High School Bundle, three of adam.com's top five selling products, and adam.com's Internet partnership with
Benjamin Cummings, a division of Pearson Education.
Alen will now assume responsibility for the evolution and definition of distinct adam.com product offerings and the marketing
and sales of those products.
Logan, who has more than 15 years experience in managing, developing and marketing technology solutions and products,
joined adam.com in January of 1999. Logan will assume day-to-day oversight of all adam.com operations including product
development, engineering, content and information systems. Both Logan and Allen will report directly to CEO Robert Cramer.
Co, who joined adam.com in January, is leaving to start a new Internet venture of his own. In the interim, Co will serve as a
strategic advisor to adam.com co-founder and CEO, Robert Cramer.
``We have invested a great deal of effort and resources in developing our award winning health and medical information and
Web solutions,' said Cramer. ``The e-health market is growing at a rate of more than 100 percent a year. Neal and Cyndi,
along with chief medical officer Edmund Billings and vice president of administration and finance Mike Fisher, will make up our
core management team executing on our business plan and taking advantage of the enormous e-health market opportunities.'
``Brian Co's vision and energy served as a catalyst for adam.com's transition from a software-based business to a premier
player in the online health market,' said Cramer. ``Brian's major contribution is at work today and now he wants to build his
own venture. We thank him for what he has contributed, wish him all the best for the future and are confident he will excel in
whatever he pursues.' |
