ASDS NEWS
ASD Systems Focuses on Future With New Chief Information Officer; Industry Veteran Gregg Young Latest Addition to ASD Systems' Management Team
GARLAND, Texas, Jan. 26 /PRNewswire/ -- ASD Systems, Inc. (Nasdaq: ASDS), a provider of e-commerce software and infrastructure, today announced the appointment of Gregg L. Young as ASD's Chief Information Officer. With nearly two decades of technology and operations experience, including significant positions in e-commerce and Internet technology, Mr. Young will have a leadership role as ASD emphasizes its focus on client support and satisfaction to meet the rapidly evolving needs of the e-commerce industry. Mr. Young will head vital initiatives to ensure that ASD Systems strengthens its client implementation processes and has the technical resources to support its expanding sales structure. In his role as Chief Information Officer, Mr. Young will be a key member of the Company's team that will evaluate strategic investment and/or acquisition opportunities.
"Successful businesses in the future will be those that effectively leverage technology and also provide high levels of customer service," stated Norm Charney, ASD Systems' president and CEO. Mr. Charney added "E-commerce is already redefining the retail industry and is expected to continue to experience explosive growth. Our goal is to be a provider of choice for the leaders of the e-commerce marketplace, and Gregg will be a valuable asset in achieving that goal."
Over the course of his career, Mr. Young has developed and led successful business strategies encompassing e-commerce and Internet technology, as well as call center and fulfillment operations -- all critical components of ASD Systems' business model. In his last position as Chief Information Officer at Softbank Services Group, Mr. Young managed the technology and communications selection, development and implementation process for the company's e-commerce, call center, fulfillment and distribution operations. Prior to that, he held several key information systems management positions for such organizations as West Telemarketing Corporation, Radisson Hotels International (where he was responsible for their international reservation systems), and Fitz and Floyd, a design, import and distribution company.
Mr. Young stated, "Many companies have grasped the critical importance of back end performance of e-commerce to their future growth. They realize they must have the right systems and service offerings to meet their customer service and operating efficiency standards. ASD Systems has deployed innovative solutions to meet the growing needs of the e-commerce model and is rapidly implementing its strategy to support the future requirements of the industry. I am excited about contributing to this forward-thinking organization."
Mr. Charney added, "We are committed to building a management team unsurpassed in the industry and we are also pursuing relationships with technology specialists and service organizations that share our vision for evolving the e-commerce process. Adding a team-member of Gregg's caliber is a milestone in reaching those goals."
About ASD Systems, Inc.
ASD Systems provides software and manages the infrastructure behind e-commerce. ASD's software and comprehensive service solutions enable Internet retailers and direct marketing businesses to outsource their complete commerce-related operations. ASD's software integrates clients' Web sites with multiple call centers, fulfillment centers and drop-ship vendors. Clients can also outsource their operations to ASD's integrated network of call centers and strategically located fulfillment centers. The ASD solution is priced on a per-transaction basis, reducing clients' initial costs and speeding their time to market. For more information on ASD Systems, visit asdsystems.com.
This release includes forward-looking statements. These statements are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, including but not limited to the following: our ability to achieve or sustain profitability; our limited operating history; the risks associated with the failure of our systems and services to achieve widespread market acceptance or meet specific client needs; significant client concentration; the fact that our client contracts are either short-term or terminable with minimal notice; systems risks and uncertainties including rapid technological change and those related to the development of our browser-based software application; the risks related to the possible inability of our system to connect to and manage a larger number of clients; business conditions in the fulfillment industry generally; the impact of market competitors and their service offerings; and such other factors as more fully detailed in the registration statement relating to our initial public offering and other SEC filings.
SOURCE ASD Systems, Inc.
CONTACT: David E. Bowe, EVP & Chief Financial Officer of ASD Systems, Inc., 214-348-7200, or email, dbowe@asdsystems.com/
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