Compression & Encryption Technologies Inc. Appoints New
President
EDMONTON, ALBERTA--The Board of Compression and Encryption
Technologies Inc. (CYH), wishes to announce that Mr. Don
Makowichuk has been appointed to serve as President of Compression
and Encryption Technology Inc. Mr. Makowichuk has served on the
CYH board since 1998. As a health care professional, Mr.
Makowichuk has gained extensive entrepreneurial experience through
the operation of a successful pharmaceutical enterprise. His
knowledge and experience in business and management consulting
will be applied to the corporate development of CYH to facilitate
the growth of the company into a major player in the global
bandwidth optimization and delivery industry.
Mr. Don Logan who has been involved with the company since 1994 as
an officer and director will assume the role of Chairman of the
Board. Mr. Makowichuk will also assume the role president of
Compression Communications Corporation (CCC) a wholly owned
subsidiary of Compression and Encryption Technologies Inc.
The Board of Directors has also appointed Mr. Don Demich to the
board. Mr. Demich has over 20 years of experience in business
management in both public and private companies. Mr. Demich
provides a wealth of experience in consulting, and contract
negotiations, as well as a solid background in US and
international business protocols.
Mr. Randy Pointkoski, who has 16 years experience in business and
technology development has been appointed as Vice-President of
Business Development with the company. Mr. Pointkoski has been
involved with the company in various capacities since 1992 and
will be focused on the development of business relationships based
on current and emerging technologies in bandwidth optimization,
delivery and security.
The Board of Directors has approved the issuance of 325,000
directors and employees stock options based on at $.44 per share
based on the close of trading September 19, 2000.
The Board of Directors of Compression and Encryption Technology
Inc. is comprised of Mr. Don Logan, Mr. Don Makowichuk, Mr. Greg
Burghardt, and Mr. Don Demich.
The family of CYH data link optimization products and technologies
are designed to expand the usable bandwidth of Wide Area Network
(WAN) services. The current products deliver up to four times the
throughput normally available on existing data links. Data
communications carriers provide these WAN services on a monthly
lease basis. The value of the extra bandwidth obtained from the
use of the hardware is dependent upon the costs of the bandwidth.
Optimization technologies under development with the company are
targeted to various access technologies such as xDSL, wireless and
cable technologies. With demand for bandwidth globally growing
faster than the infrastructure, an opportunity is created for
effective bandwidth optimization technologies.
CYH trades on the Canadian Venture Exchange (CDNX) under the
symbol CYH. Corporate and product information about CYH is
available on the World Wide Web at compression.okko.com |
