Tuesday June 27, 7:57 am Eastern Time
Company Press Release
E-Sync Networks Strengthens Executive Management Team
Jonathan Rubin and Michael Clark To Drive E-Sync Networks' B2B Integration Strategy
TRUMBULL, Conn.--(BUSINESS WIRE)--June 27, 2000--E-Sync Networks, Inc. (NASDAQ: ESNI; www.e-syncnet.com), a leading provider of e-business-to-business applications and integration services, today announced that Jonathan Rubin, Chief Executive Officer, has assumed the title of President, and that Vice President of Marketing Michael Clark has been promoted to Chief Operating Officer.
Rubin joined E-Sync Networks as CEO in January. As President and CEO of the company, he is responsible for charting its course in the B2B integration market, overseeing its strategic growth, and creating value for shareholders. Before joining E-Sync Networks, Rubin was COO of TeleChoice, President of InfoCom, a subsidiary of NFO Worldwide, Inc., and President of Southern New England Telephone's (SNET) General Consumer Group. Under his leadership, InfoCom achieved profitability, and SNET became the No. 2 long-distance carrier for Connecticut consumers.
Clark joined E-Sync Networks as Vice President of Marketing in March. As COO, he is responsible for managing the company's day-to-day operations and working with Rubin to raise E-Sync Networks' profile in the B2B integration market. Before joining E-Sync Networks, Clark was CEO of NetValue, where he gained valuable experience in the e-commerce space. He also served as President of TSS, Ltd. and Managing Director of Citicorp POS.
``Both Jonathan and Michael bring a wealth of management experience and excellent track records to their new posts,'' says John C. Maxwell, chairman of E-Sync Networks' board of directors. ``Working closely with other members of the executive team, they will manage E-Sync Networks' growth, elevate its profile in the marketplace, and drive its B2B integration strategy.
``More importantly,'' adds Maxwell, ``they will continue to deliver value for shareholders.''
E-Sync Networks today also announced the resignation of David Teitelman, who is leaving the company to pursue other interests. During his tenure at E-Sync Networks, Teitelman served as President, and most recently as Senior Vice President of Strategic Alliances and Partnerships.
About E-Sync Networks, Inc.
Headquartered in Trumbull, CT, with offices in New York and the U.K., E-Sync Networks, Inc. (NASDAQ: ESNI - news) offers leading web-based e-business applications, web supply chain expertise, IT support and high-performance hosting capabilities to link business partners on the Internet. E-Sync Networks has an extensive corporate client base, including Briggs & Stratton, FordT, Instinet, IVANS, Johnson & Johnson, PepsiT, Ralston Purina, Traveler's Insurance, and USABancShares.com. The company's largest shareholder is New York-based venture fund Commercial Electronics (www.cellc.com), an exclusive partner of TRW, Inc. (NYSE: TRW - news), established solely to create independent businesses founded on TRW technologies in markets outside of TRW's strategic interests. More information can be found on the Internet at www.e-syncnet.com.
Certain of the above statements contained in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the ``Exchange Act''). Actual results, events, and circumstances (including future performance, results, and trends) could differ materially from those set forth in such statements due to various factors, risks, and uncertainties, including, but not limited to, risks associated with the Company's future growth and operating results, the uncertainty of market acceptance of the Company's products, technological change, competitive factors, and general economic conditions. Except as otherwise required to be disclosed in periodic reports required to be filed by companies registered under the Exchange Act by rules of the Securities and Exchange Commission, the Company has no duty and undertakes no obligation to update such statements.
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Contact:
E-Sync Networks (Financial analysts/investors)
Kay Waxman, 203/601-3425
kwaxman@e-syncnet.com
or
Environics Communications (Media/technology analysts)
Wendy Hodgson, 203/325-8772, ext. 27
whodgson@environics-usa.com |
