Monday January 31, 7:00 am Eastern Time
Company Press Release
Mcglen Internet Group Appoints New
CFO and Retains BDO Seidman as
Independent Auditor
TUSTIN, Calif.--(BUSINESS WIRE)--Jan. 31, 2000--Mcglen Internet Group
(MIG)(Nasdaq:MIGS - news), a leading e-commerce Internet Operating Company (IOC), today announced that the company has appointed Grant L. Trexler as Chief Financial Officer and retained BDO Seidman, LLP as its independent auditor.
MIG's Chief Executive Officer George Lee said, ''We are experiencing tremendous growth and as we expand, we feel it is important to continue to recruit high quality talent. In addition to his
invaluable knowledge of operations, financial management, and SEC reporting, Grant brings a proven track record of leadership in securing funding, mergers and acquisitions, and maintaining a
sound financial environment to Mcglen.''
Upon his appointment, Trexler said, ''MIG has developed a national reputation as a leader in customer satisfaction and innovative products, with its unique storefront exchanges that are popular
with business- and customer-oriented customers.'' Trexler further added, ''I am delighted to be joining a quality company with dedicated professionals and I am excited about what we will deliver
together as a team in the future.''
With over 15 years of experience in the technology and business sectors, Trexler has a track record of helping build and strengthen fast growing companies. Prior to joining MIG, Trexler served as the Director of Finance and Administration for El Monte
RV, the nation's second largest motor home rental dealer, leading the company to profitability and through the development of its highly successful Licensee program. Before joining El Monte, Trexler
was the CFO of Creative Computers (Nasdaq:MALL - news) during its highly successful IPO and secondary offerings in 1995. At Creative Computers, Trexler was responsible for implementing
Creative's internal accounting and budgeting systems, financial reporting, and financial due diligence. Earlier in his career, Trexler spent nine years at Price Waterhouse, most recently as a Senior
Manager in its Mergers and Acquisitions group.
In addition to the appointment of Trexler, MIG today announced that BDO Seidman LLP has been retained as the company's independent auditor for the year ended December 31, 1999.
Commenting on retaining BDO Seidman, Trexler said, ''With the completion of the company's reverse merger and subsequent listing on Nasdaq in December, we wanted to bring a higher level
financial advisor to the company and show the financial community the commitment we have to financial reporting. After interviewing several firms, we felt the strength and size of BDO Seidman
was an excellent fit with MIG.''
The Mcglen Internet Group, Inc. is a leading e-commerce-based Internet Operating Company (IOC) focused on creating branded, Internet storefront exchanges, providing unlimited global access
to technology-oriented products and services for business-to-business (B2B) and business-to-consumer (B2C) marketplaces. MIG has developed a unique distributed network enterprise and distribution system mated to an array of unique storefront exchanges that are popular
with business- and consumer-oriented customers. MIG's corporate offices are located in Tustin, Calif.
BDO Seidman is an accounting and consulting organization serving growing businesses since 1910. Dedicated to maximizing the wealth of growing businesses and the people behind them, BDO Seidman provides Business Grow-How(SM) and a full range of personalized services throughout the growth cycle. BDO Seidman serves clients through more than 40 offices and 60 alliance firm locations across the United States. As a member firm of BDO International, BDO Seidman
leverages a global network of resources to serve clients abroad through more than 500 member firm offices in more than 85 countries.
The statements set forth above with respect to Mcglen Internet Group, traded as MIGS, the benefits thereof and the potential growth of the company are forward-looking statements within the meaning
of that term in the Private Securities Litigation Reform act of 1995. As such, they are inherently uncertain and should not be unduly relied upon. As to potential future growth, uncertainties include
the ability to successfully manage the companies' businesses, technologies and operations, the availability of sufficient capital to expand the businesses, customer acceptance of new products,
competition and other uncertainties associated with introducing new businesses.
Contact:
Mcglen Internet Group
Robert Brown, 949/797-9007
or
The Financial Relations Board, 310/442-0599
Timothy Kent (General Information)
Rosalyn Annunciation (Investor/Analyst Contact)
Ashley Piggot (Media Contact)
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