PSDI Announces Resignation of David McFarlane
PR Newswire - April 10, 1997 20:13
CAMBRIDGE, Mass., April 10 /PRNewswire/ -- PSDI (Nasdaq: PSDI) announced
today that David McFarlane, vice president, international and strategic
alliances, has accepted an executive position at Exchange Applications
Corporation. PSDI is beginning a search for a replacement immediately.
David Sample, PSDI president and CEO commented, "Although we will miss the
contribution that David has made to the Company over the years, this provides
Chip Drapeau, executive vice president, worldwide sales and marketing, and me
with a great opportunity to work more directly with international field
operations while we search for a high caliber replacement."
PSDI develops, markets and supports applications software used by
businesses, government agencies and other organizations to assist them in
maintaining high-value capital assets such as plants, facilities and
production equipment. The Company's products are designed to enable customers
to reduce down-time, control maintenance expenses, cut spare parts inventories
and costs, improve purchasing efficiency, and more effectively deploy
productive assets, personnel and other resources.
Based in Cambridge, Mass., PSDI markets its products through a direct
sales force with sales offices throughout the United States, Canada,
Australia, UK, Germany, France, Sweden, Thailand, Hong Kong, Argentina and The
Netherlands combined with a network of international sales agents.
The statements made in this release that are not historical facts are
forward-looking statements and are made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. Investors are
cautioned that all forward-looking statements involve risks and uncertainties,
including without limitation risks related to delays in product development
and new product introductions, rapidly changing technology, an intensely
competitive market, market acceptance of new products, foreign operations and
general economic conditions. Each of these factors, and others, are discussed
more fully in the Company's Form 1O-K and the Company's other filings with the
Securities and Exchange Commission.
SOURCE Project Software & Development, Inc.
Jennifer A. Gray, Investor Relations Coordinator of PSDI, 617-503-3506,
jennifer_gray@psdi.com |
