Tuesday May 16, 11:17 am Eastern Time
Company Press Release
I-transaction.net Inc. Announces Appointment of New C.F.O.
TORONTO--(BUSINESS WIRE)--May 16, 2000--I-transaction.net Inc. (OTCBB:ITNI - news) is pleased to announce that Stafford L. Greene has joined the board of directors as the Director and Chief Financial Officer.
Mr. Greene obtained a BBA degree from City University of New York in 1986 and subsequently qualified as a Certified Public Accountant in New York State. Immediately after graduation he joined Touche Ross & Co, and in 1988, he joined the Bank & Trust operations of Coutts & Co (Bahamas) Ltd. where he held positions in such diverse areas as Internal Audit and Compliance, Banking & Securities, and Mutual Fund Administration. The Coutts Group is the international private banking arm of the NatWest Group managing assets of more than 30 billion pounds sterling for some 70,000 clients world-wide. In 1994 Mr. Greene was appointed Vice President and C.F.O of a European based financial trading and investment group of companies (The GFTA/Dynamo M Group) with capital invested of US $700 million. Immediately prior to joining ITNI, Mr. Greene served as the CFO of The Private Trust Corporation Limited. PTC is the largest independent trust company in the Bahamas with assets under administration in excess of US $5 billion. His extensive experience will allow him to spearhead the e-business and e-commerce partnerships within ITNI.
``Mr. Greene's appointment will facilitate our goal of worldwide growth as well as the cultivation of corporate alliances and major acquisitions,'' said David Bruce, President of I-transaction.net Inc.
ITNI develops and deploys business-to-business and consumer-to-business e-commerce solutions as well as offering electronic funds transfer, advertising, marketing and database support. The website is located at www.i-transaction.net
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