Monday July 24, 9:33 am Eastern Time
Company Press Release
GETGO Mail.com Announces Board Restructuring
DENVER--(BUSINESS WIRE)--July 24, 2000--Dr. Derrin Smith, Chairman and CEO of GETGO Mail.com (Nasdaq:GTGO - news), today announced the restructuring of the fiduciary Board of Directors.
The restructuring complements the transition of the GETGO business model into the first technology ``REVELATOR'' that focuses on fast tracking convergence technology, broadband companies to more rapid revenue generation. GETGO founder Ed Ting and Asian Operations CFO Clement Cheung have resigned their Board seats effective July 19th. The resignations were tendered in favor of incoming members who represent new financial interests and realignment of the business. Mr. Kevin Fallon is the first new Board appointee.
``We are very excited about Fallon joining our Board as he brings invaluable hands-on experience. As COO of TAVA he drove the business from $36 million to $100 million in 2 years while increasing share price from $2 to $8,'' stated Smith. ``The charter for our Board requires a lot of participation in executing GETGO's thrust toward content, programming, enhanced Internet services and expansion of a new Earnings Based Culture (EBC).''
Mr. Fallon is a consultant, board member, and investor for emerging technology companies. With keen skill in business strategy, Fallon helps presidents to focus on the core mission of their enterprise. Drawing from an established worldwide network of contacts, he assists entrepreneurs with key introductions to accelerate growth. An entrepreneur at heart, Fallon has founded five companies during his career.
From Irish roots, in 1972 Fallon led the quality assurance department for Charles Jacquin et Cie in Philadelphia. In 1975 he changed careers and joined Harowe Servo Controls as a Junior Engineer and worked in the design of guidance systems for robots and missiles. In 1976, he joined RCA Space Division as a Design Engineer until 1979, when he joined General Electric as a Sales Engineer for technology-based products.
In 1982, he founded and became employed as President and Chief Executive Officer of the systems integration firm All Control Systems, Inc. (ACS) in West Chester, PA. During the early `90s he spawned two new entities, Prometa Consulting, a technology and business process engineering consulting firm, and Precision Dispensing, a product distribution firm.
In December 1996, Fallon sold ACS and Prometa to Denver-based TAVA Technologies as part of a national roll-up and served as Chief Operating Officer and a Board Director for TAVA until July 1999, when the TAVA management team sold the company to REAL Software, a global company headquartered in Belgium. Fallon continued in his position as COO until he resigned in March 2000 to pursue new entrepreneurial ventures.
Fallon stated: ``GETGO's strategic repositioning centers it to take advantage of the $3 trillion Internet market. The company has the potential to emulate Safeguard Scientifics' ICG record growth success. With a focus on enabling and providing infrastructure for technologies, GETGO will be able to take advantage of the capital markets to fuel the growth of our future portfolio partners. The GETGO Mail unified messaging system represents just the first of many new generation convergence technologies that will be funded and accelerated to market under the GETGO Revelator business construct.''
Mr. Fallon holds a Bachelor of Science degree in Electrical Engineering from Drexel University and a Master in Business Administration from the Wharton School of Business, University of Pennsylvania. He is a member of the Young Presidents Organization and sits on several fiduciary boards. |
