SyCoNet.com Announces Management Changes
MANASSAS, Va.--(BUSINESS WIRE)--June 28, 2000--SyCoNet.com, Inc.'s (OTC BB:SYCD) Board of Directors has accepted the resignation, effective immediately, of Sy Robert Picon as President, Chief Executive Officer, and Treasurer of the Company, due to poor health.
Mr. Picon remains as Chairman of the Board of Directors. The Board of Directors has appointed William Spears, formerly Executive Vice President, to the position of President and Chief Executive Officer. Mr. Spears was one of the original co-founders of Syco Comics and Distribution (with Mr. Picon), the predecessor to the current Company.
In addition, the Board of Directors has appointed Kathryn Jacobson, Chief Financial Officer, to the additional position as Corporate Treasurer.
SyCoNet.com, Inc, distributes Japanese-animated (``Anime'') movies, including the enormously popular Pokemon© video series, as well as multimedia games and software, DVDs, CDs, toys, apparel, and related merchandise to over 7,500 wholesale and retail accounts nationwide through two high-traffic Web sites, a catalog, and direct sales campaigns. For more information on purchasing the Internet's lowest priced Anime videos, visit www.animedepot.com.
Forward-looking statements in this release are made pursuant to the ``safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risk and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
Also see syconet.com ,http://www.animedepot.com/, and altvidwar.com.
Contact:
SyCoNet.com
Michael Knoll, VP, Business Development & Legal Affairs
703/366-3900
investors@syconet.com
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Sadly, a new direction.
Jack |
