News for those who still care in this ugly market!! :>)
Sterling Vision, Inc. Appoints Rare Medium Inc. President and COO, Suresh V. Mathews, to its Board of Directors
NEW YORK--(BUSINESS WIRE)-- April 3, 2000--Sterling Vision, Inc. (NASDAQ:ISEE) today announced the appointment of Suresh V. Mathews, President and Chief Operating Officer of Rare Medium Inc., to its Board of Directors. Rare Medium Inc. is the Internet services arm, and wholly-owned subsidiary of Rare Medium Group Inc. (NASDAQ: RRRR).
Mr. Mathews has 25 years of information technology, systems development and telecommunications experience, and is a pioneer in the development of Internet based, business-to-business e-commerce solutions. Mathews joined Rare Medium Inc. in February 1999, and is credited with the rapid growth and success of Rare's Internet services arm. His career has included executive management positions at Sprint Corp., Booz-Allen Hamilton Inc., and PepsiCo, Inc.
"Both the optical industry, as well as the business-to-business e-commerce markets, present enormous growth opportunities, and Sterling, as a market leader, is well positioned to develop the first Internet-based, business-to-business e-commerce portal for the optical industry," Mr. Mathews noted. "I am excited over the prospects of Sterling's business-to-business e-commerce initiative, Emerging Vision, and look forward to participating in the Company's future as a member of its Board of Directors," added Mr. Mathews.
Gregory T. Cook, President and Chief Executive Officer of Sterling's Emerging Vision, commented, "While at Rare Medium, I worked closely with Suresh, and valued his leadership capabilities and business judgement." Cook added, "His insight and experience in e-commerce places him in an excellent position to help guide Emerging Vision as we move to take advantage of strategic opportunities within the business-to-business market."
Emerging Vision, a division of Sterling Vision, Inc., was formed to develop and launch the first business-to-business, Internet-based portal for the optical industry, providing comprehensive e-commerce solutions for the buyers and suppliers of business goods and services in the optical industry.
All statements contained herein (other than historical facts) are based upon current expectations. These statements are forward looking in nature and involve a number of risks and uncertainties. Actual results may differ materially from the anticipated results or other expectations expressed in the Company's forward looking statements. Generally, the words "anticipate", "believe", "estimate", "expects", and similar expressions as they relate to the Company and/or its management, are intended to identify forward looking statements.
CONTACT:
Sterling Vision
George Campbell, (214) 761-6711
or
Wall Street Investor Relations Corp.
Joseph M. Zappulla (301) 907-4090
KEYWORD: NEW YORK
BW1354 APR 03,2000
5:42 PACIFIC
8:42 EASTERN |
