Wednesday September 20, 9:30 am Eastern Time
Press Release
FiberChem d/b/a DecisionLink Adds to Management Team
LAS VEGAS--(BUSINESS WIRE)--Sept. 20, 2000--FiberChem, Inc. (OTCBB:FOCS - news), d/b/a DecisionLink, announced key additions to its management team.
Gary Deger has been appointed Vice President of Sales for the Company, joining the Company from OBCOMM's ControlSat Division where he was General Manager. Deger comes to DecisionLink with a strong background in both communications and instrumentation. Deger has a degree in Chemical Engineering and extensive experience in sales and marketing to the process and environmental marketplaces through the global ORBCOMM network. Satellite communications through the Orbcomm and Norcom networks is a key component of the Company's marketing strategy. Deger will work alongside Tom Collins, President of FCI Environmental, who has taken on the additional responsibility of marketing.
Ken Culver joins the Company as Corporate Controller. Culver previously held positions of Vice President and CFO, as well as controller for various publicly traded, hi-tech and service oriented companies. After receiving his BBA from Southern Methodist University, Culver worked in the Audit and Business Advisory division of Price Waterhouse LLP where he earned his CPA designation. Culver brings strong financial and organizational skills from his previous experiences in rapidly growing companies.
James Hamilton has been appointed Vice President -- Applications Technology for the Company. Hamilton was a consultant to Intrex prior to the merger with FiberChem. Hamilton brings a wide background in major project management. He has extensive management experience with projects such as the Statfjord A multi-billion dollar oil production platform and the Shell/Esso Brent C production platform in the North Sea. He was on the Board of Directors of the Brown and Root/Wimpey M.E.&C joint venture which managed the Brent C project. Most recently, Hamilton was the President of an oilfield services equipment company with clients throughout major oil companies. Hamilton will be responsible for managing the implementation and rollout of the Cornerstone Propane project and subsequent follow-on projects.
Geoff Hewitt, Chairman and CEO of DecisionLink, said, ``We are pleased to add such experienced and capable management to our team. These key individuals will play important roles as we go about the execution of our business plan.''
The Company is also in the process of filing its amended 8-K containing the required financial information for the Company following the merger of FiberChem and Intrex Data Communications Corp. Since this information is a requirement for SEC approval of the proxy for the Annual Meeting, distribution of the proxy statement to the shareholders cannot yet begin. The Company has filed to do business as FiberChem d/b/a DecisionLink in Nevada, and that filing has been approved.
DecisionLink's Intrex Communications Group has developed a wide range of products including the monitoring of propane and oil fuel tank levels and compressors, as well as other multi-user applications for low-cost volume use of satellite communication pathways.
DecisionLink's FCI Environmental Group has introduced smaller, low-cost sensor and communication products that use satellite communications and the Internet as the backbone for data transfer and control. The Company believes these products will provide significant implementation and operational cost savings to the pipeline leak detection, aboveground storage tank monitoring, oil production, water quality monitoring and industrial wastewater compliance monitoring and control markets.
This release includes forward-looking statements relating to the Company's operations that are based on Management's and third parties' current expectations, estimates and projections. These statements are not guarantees of future performance and actual results could differ materially. Statements in this release include forward-looking statements that involve risks and uncertainties including, but not limited to, the statements regarding access to each joint venture partner's technology and market, opportunities to establish DecisionLink's technology and market acceptance and FiberChem's belief of significant implementation and operational cost savings. These risks and uncertainties include: the ability to combine the two companies into a unified entity, the combined entity's ability to market its services using the two companies' technologies, the timely development and acceptance of new products, the ability to manufacture new products in commercial quantities at reasonable cost, final promulgation and enforcement of regulations, the impact of competitive products and pricing, the timely funding of customers' projects, the ability to generate sufficient working capital from operations and/or attract investment or place debt in sufficient amounts to fund the financial obligations of the Company's business model and other risks detailed from time to time in the Company's SEC reports. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.
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Contact:
Quest Capital
A Division of Continental Capital & Equity Corp.
Scott A-B Gibson, 407/862-5151
scott@insidewallstreet.com
www.insidewallstreet.com
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