InfoCast Appoints High-Tech Veteran as CFO
Herve Seguin Brings 23 Years' Experience Building Start-ups, Public Companies
TORONTO, Dec. 8 /PRNewswire/ -- INFOCAST CORPORATION (OTC Bulletin Board: IFCCE), the leading e-Enabling application service provider (ASP), today announced the appointment of Herve Seguin as the company's chief financial officer
(CFO), fulfilling the company's goal of recruiting a seasoned financial executive with experience building public high-technology companies.
Mr. Seguin brings to InfoCast a 23-year track record of successfully managing high-technology start-ups, public companies, and mergers and acquisitions. From 1993 to 1999, Mr. Seguin was vice president of finance and CFO for Promis Systems Corporation Ltd, where he contributed to a corporate turnaround and raised three rounds of public equity financing before the company was sold to PRI Automation for $66.4 million (U.S.).
He has held financial leadership positions with the Horsham Corporation, Best Systems Corporation, MEL Defence Systems,
and Northern Telecom (now Nortel). His most recent tenure was with a major venture capital firm, where he helped raise
equity capital on Wall Street to launch e-Commerce companies.
"Appointing a chief financial officer of Mr. Seguin's pedigree is a milestone in InfoCast's evolution as a public company," says Jim Leech, InfoCast's president and chief executive officer. "His depth of experience with financing, growing, and managing high-tech ventures makes him an excellent addition to our management team. With Herve aboard, we are confident we will have the financial leadership we need as we enter the rapid growth phase of our development."
Mr. Seguin says he was attracted to InfoCast because of its explosive growth potential. "The ASP space is rife with growth opportunities, and InfoCast's technology and people offer compelling competitive advantages in that market," he says. "InfoCast's recent, fully subscribed private placement of $13 million (U.S.) and its engagement of N.M. Rothschild & Sons as financial advisors provides us with a strong foundation upon which to build a soundfinancial infrastructure."
About InfoCast
InfoCast Corporation is the leading E-enabling application service provider (ASP), providing secure, scalable
infrastructure-on-demand for enterprises to build closer relationships with customers, partners, and employees. Core InfoCastofferings include virtual call center (VCC), telework, and E-learning applications coupled with related best-of-breed offerings for customer care, data warehousing, and E-commerce. More information about InfoCast Corporation can be found on the Web at www.infocast-corp.com.
This press release contains forward-looking statements. These forward- looking statements are dependent on a number of factors, which could cause actual results to differ materially from those expressed or implied in the forward-looking statements.
SOURCE: InfoCast Corporation
CONTACT: Christopher Rouse, Vice President, Marketing, crouse@infocast-corp.com, or Cliff A. Jones, Investor Relations,
cjones@infocast-corp.com, both of InfoCast Corporation, Toll Free: 877-338-8889 |
