I spend a few days last week pulling this post together. I decided to hold off posting it until the stock began trading on the OTC again. Well, today's the day! <ggg>
Let's get to know ASI's Management Team!
I felt it was important to follow up my claims that the management team in this company has some depth and experience that can take this company higher. So, as a result, I pulled this information from both ASI's recent form 10 filing and from FreeEdgar.com.
I have bolded some of the sections of this information which I consider as noteworthy.
Knock yourself out folks!
Crazy Canuk
__________________________
GERALD PESUT, PRESIDENT & CEO
Holds 828,920 shares 6.7% of the company
Does not include 54,081 shares under other options which are not yet vested
CEO since July 1997 Age 59
Prior to joining Advanced Systems International in 1996, Mr. Pesut was President & CEO of Distributed Systems Division Inc., a subsidiary of Storage Technology Corporation (1993-1996), where he managed the $240 million integrator of midrange and network systems, comprised of 500 employees. Mr. Pesut was President of a $55 million assembly integration and warehousing division of Storage Technology from 1991 - 1993. After five years of continuous losses prior to his taking over the position, he guided the division to eight profitable quarters. Prior to that, he held a number of senior management positions throughout the technology industry. This multifaceted background has provided Mr. Pesut with the ability to understand market developments and advances, while establishing corporate direction to meet the ever-changing demands of the market. Mr. Pesut is a graduate of the York University Accelerated MBA program.
JOHN WILLIAMS, DIRECTOR
Holds 37,948 shares *
Does not include 95,052 shares under options issued to Mr. Williams which are not yet vested.
Director August 1998 Age 55
John Williams has 35 years of experience in sales, sales management and business management. His career has included both domestic and international responsibilities, requiring him to live in Europe for a portion of his career. Companies he has worked for are Memorex (1970-1973), Magnuson Computer Systems (1980-1982), GriD Systems (1982-1990), and Storage Technology corporation (1972-1980, 1990-1997). His last position before retirement with Storage Technology was as a Corporate Officer (Senior Executive Vice President) responsible for World-Wide Field Operations (sales, marketing and service). At Storage Technology, Mr. Williams' organization originally consisted of 5,000 people located in 15 countries around the world, with additional indirect distribution into another 12 countries. During his tenure as an executive at Storage Technology, revenues increased from $700 million to over $2.0 billion, expanding world coverage directly to 20 countries and indirectly to 21 countries. Mr. Williams is currently consulting to major international corporations with his new company, the CSO Forum.
GREG FARBOLIN, DIRECTOR
Holds 24,098 shares *
Does not include 108,942 shares under options issued to Mr. Farbolin which are not yet vested
Director since December 1999 Age 39
Mr. Farbolin has served in various management positions since 1973 with The Honey Baked Ham Company, a company founded by his family in 1949. Over a 20-year period, the business grew to $130 million in sales with 150 locations. In 1994, Mr. Farbolin personally spearheaded the project to overhaul the corporate IT based infrastructure components for the entire organization. The reporting components from each store, through data warehouse for all departments, were installed on a Windows based retail management system. Honey Baked was one of the first successful high-profile installs on Windows. The software application was developed with the assistance of Virtual Systems. Mr. Farbolin was a Director for Virtual Systems between 1995 and 1997. Over that period, Virtual was awarded Microsoft's prestigious Retail Application Developer (RAD) in 1996 and 1997. As a member of the board at Virtual, Mr.Farbolin was responsible for developing a distribution model by creating are sellers network, as well as managing their relationships with major Hardware, Software and End Users. Today Mr. Farbolin is actively involved in the IT industry including being on the Association of Retail Technology Standard (ARTS) board. He interacts in many areas as a conduit between Microsoft and others, and the vertical markets that they serve including retail and manufacturing. This interaction is to the benefit of both end user as well as vendor.
ALEXANDER HENRY, DIRECTOR
Holds 706,820 5.8 % of the company
Does not include 54,081 shares under options issued which are not yet vested
Director since July 1997 Age 52
Mr. Henry qualified as a Chartered Accountant with Touche Ross & Co. (now, Deloitte & Touche) in Toronto, Ontario in 1973. From 1973 to 1981, he continued in public practice. While in public practice, he directed his attention toward the areas of taxation, real estate and financial planning. During this time, Mr. Henry lectured and published on these subjects. In 1981, Mr. Henry left public practice to concentrate, both as a principal and a promoter, on the syndication of real estate tax sheltered investment vehicles, commercial real estate and real estate debt/ mortgage investments. In 1991, Mr. Henry joined LOM & Associates, the "small cap" group at Loewen, Ondaatje, McCutcheon to organize and manage various tax-assisted and otherwise unique real estate offerings. In 1993, Mr. Henry joined Hampton Equity Management Inc. (which he had formed in 1991 with certain other principals of LOM & Associates) on a full-time basis to organize financings for computer software developers that were primarily tax-assisted and seed capital financings for other emerging companies. Mr. Henry sits on the boards of several companies, including MusicMusicMusic Inc. (an electronic commerce company delivering music selections and applications via the Internet) and Jax Mold & Machine, Inc. (a high-tech machine shop company providing molds to the tire and rubber industry). He is active in fund raising for various charitable and non-profit organizations.
MARK O'DONOGHUE, DIRECTOR
62,948 *
Does not include 95,052 shares under options issued which are not yet vested.
Director August 1998 Age 34
Mr. O'Donoghue is currently (since 1997) the Chief Executive Officer managing the rapid growth and expansion of Temple Securities Ltd., a full service investment dealer. From 1993 to 1997, he was a Trust Officer and Investment Advisor to Temple Trust Company Ltd. Mr. O'Donoghue possesses a comprehensive multinational background and provides ATS with financial guidance for business growth issues and international development. Mr. O'Donoghue holds his Canadian Chartered Accountant designation. While with Ernst & Young, his team provided client services and related corporate support to a wide range of industries.
CARLOS E. BRAVO, DIRECTOR
18,056 *
Does not include 94,444 shares under an option issued to which are not yet vested
Director since July 1999 Age 40
Mr. Bravo joined the ADSys board in July 1999. Mr. Bravo is currently (since 1998) a Vice President of US internet working Inc., with general management duties. USi is a pioneer in the Internet-based out sourcing of leading Applications (PeopleSoft, Siebel, Sagent, Broadvision, Electronic Commerce, Complex Web Hosting) for a flat monthly fee. USi's services allow companies to quickly deploy enterprise applications without the associated cost and burden of owning, managing or supporting the applications or underlying infrastructure. USi built its own global network of enterprise data centers to interconnect with major Internet backbone providers through contractual Priority Peering (SM) relationships that ensure fast and reliable connections.
Before joining USi, Mr. Bravo was a co-owner of IIT Inc. (1997-1998), a global IT consulting and systems integration boutique (PeopleSoft Global Implementation Partner) specializing in PeopleSoft implementations to Fortune 500 clients. During his tenure at IIT, the business grew from 6 employees to over 80 consultants with offices in Coral Gables, Los Angeles, San Francisco, Chicago and Caracas. In 1998 Mr. Bravo led IIT's negotiations for a merger with USi. Prior to his tenure at IIT (1995-1997), Mr. Bravo was a principal, Vice President and co-founder of Comdisco Inc.'s Systems Integration Business unit, a startup 100% funded by Comdisco. In this project, Comdisco began to move to distributed system services, away from its traditional business of leasing mainframes. Since 1989, Mr. Bravo has been a founder, Chairman and CEO of Bravo International Corporation, a manufacturer of toys and sporting goods which successfully merged its operations with Toydeca, a global manufacturer of consumer products based in Venezuela. From 1989 to 1994, Mr. Bravo was also co-founder and Chief Operating Officer of Amcotech, Inc., a diversified manufacturer of consumer and industrial products and a pioneer in the design of automated manufacturing systems. During his tenure at Amcotech, in 1992 Mr. Bravo also acted as lead strategist in organizing another start up, International Industrial Systems. From 1983 to 1989, Mr. Bravo held several technology management posts at General Electric and Snap-on Tools. Mr. Bravo attended the University of Florida and Northwestern University. He holds advanced degrees in Aerospace Engineering, Applied Mathematics and Business
HOWARD TARNOFF, VP SALES & MARKETING
Shares Mr. Tarnoff received options to acquire up to 200,000 shares of AdSys stock at the marketprice on the date of grant (repriced to $0.50 per share in September 1998), and will receive options for an additional 100,000 shares at the end of 1999 if revenue goals are met.
Age 50
Mr. Tarnoff has 21 years of experience in the Time and Attendance industry He brings to Advanced Systems International experience in general management business development, operations and sales and marketing. Mr. Tarnoff worked at Simplex Time Recorder Co., as a Director of Time/Data Systems Division, from 1993 until joining Advanced Systems International in December 1998. While at Simplex, he developed advanced business, operations, sales and marketing solutions, and infused cutting edge management, communications and technological systems. Mr. Tarnoff was successful at spearheading and maintaining a 70% annual growth rate while increasing the sales force to 113 from 12. From 1985 to 1993, Mr. Tarnoff held numerous staff and line management positions at Kronos Incorporated. As Product and Industry Marketing Manager, he led the marketing development of a labor/job costing product family and developed new offerings to expand products beyond the scope of Time and Attendance. In his field management capacity, Mr. Tarnoff ran a highly successful dealership that was a model for the Kronos direct sales and service organization. Mr. Tarnoff is a graduate of the University of Wisconsin.
ROBERT C. DEMERELL, CHIEF FINANCIAL OFFICER, SECRETARY, TREASURER AND CONTROLLER
He has received options to acquire up to 150,000 shares of AdSys stock at $.50 per share.
Age 31
Mr. DeMerell possesses a diversified background with proven abilities in both professional and academic environments. He brings to Advanced Systems International excellent technical and analytical skills, highly effective communication abilities and is a focused team builder. Moreover, he has played a critical role in building the financial reporting and accounting systems of two high growth start-up companies. From 1995 until the end of 1997, Mr. DeMerell worked as Controller at FAME Information Services, Inc. He played a pivotal role in the development and implementation of the financial controls as the company rapidly grew to $25 million in annual sales from $5 million over a two-year period. In addition, Mr. DeMerell oversaw the implementation of the financial controls as the company established operations in both the U.K. and in Asia. Mr. DeMerell worked as an Auditor for Ernst & Young from 1992 to 1994. His primary role was the auditing of a variety of small businesses including manufacturing, financial services and health care. In addition, he gained extensive experience auditing employee pension, 401(k), ESOP, and Health and Welfare Benefit Plans. Mr. DeMerell holds an MBA from the University of Notre Dame Graduate School of Business. He is a Certified Public Accountant (CPA). He completed his BA in Economics at the University of Michigan with a concentration in Public Finance.
SIGNIFICANT EMPLOYEES
PAUL F. ABRAHAM, MANAGER OF ENGINEERING
Mr. Abraham, who joined AdSys in 1998, has over 10 years experience in the high tech industry. He has made significant contributions during the various stages of development, sales and implementation process of data transaction and application software. Mr. Abraham was a member of the team that laid the foundation for the current Data Transaction Processing Middleware industry at Epic Data, as a Senior Systems Analyst between 1991-1997. Mr. Abraham was instrumental in the design and development of Epic Data's interface to SAP R/3. Utilizing his experience as a core member of the development team, Mr. Abraham became a Project Lead at Epic Data. As a Project Lead, he was instrumental in the design of system requirements for various SAP R/3 customers in addition to basis administration and configuration during implementations and system support. In 1997 and 1998, Mr. Abraham was System Engineering Manager and Senior Systems Consultant at Epic Data. He managed an implementation team that consisted of 18 system engineers and programmers. During this two-year period, he was responsible for all aspects of System Implementations for Epic Data. Mr. Abraham is an Honors graduate of Humber College Computer Science Program
SHAWN RECHKEMMER, DIRECTOR SUPPORT SERVICES
Mr. Rechkemmer possesses comprehensive systems engineering and management experience. His professional background has provided him with the necessary capacity to perform tasks on all levels as required for providing effective management of 'hands-on' product support. His expertise includes analysis in various Client/Server database environments. Prior to joining ATS in 1997, Mr. Rechkemmer worked at EDS for seven years. During his final three years he was Project Manager responsible for managing the Client/Server software development project. Responsibilities at that position included: creating and implementing an annual business plan with project initiatives, staffing plans for GM customers, managing a team of 12 technical support staff, and leading the support and development of applications for customers. Mr. Rechkemmer also worked as a Systems Engineer and Database Administrator at EDS. In this position, he set up new databases for clients in Germany and Sweden and provided support for the users. He was also a member of the Design and Prototype team charged with utilizing Object Oriented technology to develop automobile diagnostics for use in GM dealerships. Mr. Rechkemmer is a graduate of Taylor University with a B.Sc. in Management Information Systems.
* Represents less than 1% of the outstanding shares of Common Stock. |
