FPCX moving on news, back down a bit now.
NEW YORK--(BUSINESS WIRE)--Nov. 18, 1999-- Financial Performance Corporation (OTC Bulletin Board: FPCX -
news) announced today that Messrs. Jeffrey S. Silverman and Ronald Nash purchased an aggregate of 1,000,000 shares of
common stock and received options to purchase an additional 2,500,000 shares of common stock of Financial Performance
Corporation (the ''Company'') from Mr. Robert S. Trump, a principal shareholder of the Company. In addition, the Board of
Directors of the Company appointed Messrs. Silverman and Nash to the Board and granted each of them five-year options to
purchase 1,000,000 shares of common stock of the Company. After giving effect to the exercise of the options, Mr. Silverman
would become the holder of approximately 27% of the Company's outstanding common stock. After giving effect to the
exercise of the options, Mr. Nash would become the holder of approximately 27% of the Company's outstanding common
stock. As a result of the transaction, Mr. Trump beneficially owns approximately 48% of the Company's outstanding common
stock.
Jeffrey S. Silverman is the co-founder and Chairman of the investment firm LTS Capital Partners LLC. From June 1982 to
August 1997, Mr. Silverman was Chief Executive Officer of PLY GEM Industries, Inc., a home improvement building
products supplier, and served as a Director of PLY GEM from 1981 until August 1997, becoming Chairman of the Board in
February 1986. During Mr. Silverman's tenure at PLY GEM, the company acquired 14 companies and annual revenues
reached over $700 million. Mr. Silverman serves on the Boards of Directors of Triarc Companies Inc. and Boyar Value Fund,
Inc.
Ronald Nash is the President and Chief Executive Officer of Network Consulting, Inc., a financial consulting company. Mr.
Nash founded, and from 1982 to 1998 was President of, Nash Weiss & Co., a brokerage firm specializing in market making
for Nasdaq companies, which was sold to Quick & Reilly in 1998. Mr. Nash is also one of the founding partners and a board
member of Steinberg & Lyman Investment Bankers, where he was responsible for venture capital, strategic planning, mergers
and IPO's within the health care field.
''Jeffrey and Ronald bring many years of experience and expertise in strategic planning to our company,'' said William F.
Finley, the Company's President, Chief Executive officer and Principal Financial Officer. ''We look forward to having these
two accomplished individuals join our company. We expect them to be actively involved in assisting us in identifying potential
acquisitions primarily in the financial services industry.''
Duncan G. Burke, a Board member of the Company since 1994, resigned as a Director and Vice President. The Board of
Directors of the Company now consists of Messrs. Silverman, Nash, Finley, Ottavio Serena and Richard S. Levy.
Financial Performance Corporation, through its subsidiary Michaelson Kelbick Partners, Inc. specializes in financial services
marketing and communications. The Company's customers have included First Union Corporation, Chase Manhattan Bank,
BankBoston, The Dime Savings Bank of New York, Fleet Financial Group, The CIT Group and PNC Bank.
This news release may include comments that do not refer strictly to historical results or actions and may be deemed to be
forward-looking within the meaning of the safe harbor provisions of the federal securities laws. Forward-looking statements are
subject to risks and uncertainties that may cause the Company's results to differ materially from expectations. These risks
include the Company's ability to implement its business strategy and development plans, the Company's anticipated growth
within the financial services industry, the availability of sufficient financing to expand operations, and the Company's ability to
successfully develop and market its technology, as well as competitive factors, adverse changes in the financial services
industry, and such other such risks as the Company may identify and discuss from time to time in its public filings, including
those risks disclosed in the Company's Registration Statement on Form SB-2 dated June 28, 1999. Accordingly, there is no
certainty that the Company's plans will be achieved.
Contact:
Financial Performance Corporation, New York
William F. Finley, 212/557-0401
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