Cyberfast news.
Wednesday January 2, 9:57 am Eastern Time
Press Release
SOURCE: Cyberfast Systems Inc.
Cyberfast Appoints New CTO and Acquires New ``Silverado'' Technology
LA JOLLA, Calif.--(BUSINESS WIRE)--Jan. 2, 2002--Cyberfast Systems Inc. (OTCBB:CYSI - news) today announced the appointment of a new Chief Technical Officer, Jack C. Chang, to the Board of Directors and the acquisition of the dynamic new ``Silverado'' technology, which will be proprietary to the company.
Today, Cyberfast Systems' Board of Directors released the resume and appointment of Jack C. Chang as chief technical officer. The company further announced the acquisition of the new dynamic ``Silverado'' technology developed by Chang. The appointment and acquisition are effective Jan. 2, 2002.
Resume of Jack C. Chang
Chang is an entrepreneur, inventor and businessman with over 25 years of business and technology experience across multiple industries. He has the proven track record of conceptualizing how technologies can benefit the well being of consumers and businesses and transforming his visions into realities. Many of his past endeavors, including the Automated Teller Machine (Chang is the developer and patent holder of the ATM, US Patent No. 3,833,885), still have profound impacts on consumers, businesses and the society.
As a multi-disciplined individual, he has held CEO and other corporate-level positions in sales, corporate development and technology in both large and small corporations. His past customers were consumers and businesses at some of the largest Global 500 companies; including Citibank, Coca-Cola Enterprises, American Express, Sears, Visa and Nations Bank/Bank of America, etc. For many of these customers, he had also provided strategic planning advisory support.
Some of Chang's past achievements include the following:
Pioneer user and developer on the use of magnetic strip-based data on plastic cards.
Implemented the first high speed, high volume magnetic strip-based data card-encoding machine.
Developer and patent holder of the ATM (Automated Teller Machine).
First person to put ATM's online to financial institutions' authorization databases.
First person to develop an ATM and POS (Point of Sale) network system that can interface to more than one financial institution for financial transaction authorizations.
Pioneer developer of modern day electronic banking, interchange and settlement systems.
Early provider of bank wire, Interactive Voice Response and credit card authorization systems.
Pioneer in putting gasoline dispensers online to authorization networks.
First person to develop and deploy encryption devices for bank transaction data.
Developed a GUI based application generator and database system in 1987 and marketed one of the first PC-based bank teller systems and platform systems created by the generator.
Developed one of the earliest LAN gateway systems interfacing IBM, Unisys and NCR hosts.
Developed and marketed a business process redesign tool that can analyze business processes and make redesign recommendations.
Developed a statement management system that combined the need for paper printing, Electronic Bill Presentment, information archiving and viewing.
Developed and integrated automated customers care management systems that deploy CTI (Computer Telephony Integration), IVR (Interactive Voice Response), Unified Messaging (integrating FAX, voice mail with email) and the Web-based paradigm of doing business.
Developed a powerful software tool (code named ``Silverado'') that can automate, reduce the complexity and rapidly create, change or ``re-engineer'' intelligent, database-driven Web sites and Internet-based business processes.
Currently working with multinational Japanese and European industrial giants in developing technologies and applications that synergistically combine the technologies of wireless, Internet, cryptography, smart card and payment systems.
Professional Employment Highlights
Docutel Corp. (1970 - 1977)
In the early 1970s, Chang worked for Docutel Corp. as an electronic engineer, project manager, director of development and in major account sales. He was in charge of and responsible for the development of most of Docutel's products and, at the same time, was heavily involved in sales. He sold hundreds of ATM's, including over 100 traveler's check dispensers, to American Express and was instrumental in the sale of over 1,000 ATM's in Europe.
Quadstar Corp. (1977 - 1984); Founder and President
Jack Chang founded Quadstar Corp., a builder of EFT transaction switching and processing systems, and sold 110 systems worldwide. In 1984, his successful business had grown to 150 employees when he sold Quadstar to Citicorp, then Quadstar's largest customer.
Citicorp (1984 - 1987); President of an Operating Corporation within the Headquarters
From 1984 to 1987, Chang was the head of a Citicorp company with global marketing and sales responsibilities. The revenue generation plans include design and or implementing innovative service delivery infrastructures, such as, encryption, satellite and wireless networks.
His marketing and sales endeavors required him to organize and manage a team of U.S. based marketing managers and sales representative, as well as, to coordinate sales activities with regional Citicorp representatives in five continents. During this period, he traveled extensively to close major sales and interacted with high-placed prospective executives of Global 1000 companies.
Itac Corp. (1987 - 1990); Founder and President
In 1987, Chang foresaw the use of PC's as the platform for bank teller and platform systems and formed Itac Corp. Itac developed an easy to use Windows application generator and, for connectivity, developed and marketed one of the earliest LAN-gateway systems.
In 1989, using these tools, Itac created and marketed one of the earliest PC-based bank teller and platform systems and sold the systems to several financial institutions. In 1990, ISC/Bunker Ramo, then the second largest teller/platform system provider, acquired the product line from Itac.
ISS (International Shared Solutions) Inc. 1991 -1998; Founder and President
ISS was a technology and business consulting company. In 1991, to enhance its consulting activities, ISS developed a BPR (Business Process Re-design) tool that can analyze business processes and make redesign recommendations.
Chang and his team of technical and business professionals performed business process re-design, management and technology consulting services to Fortune 500 companies.
Global-Vision Inc. (1999 -2001); Founder and President
In 1999, Chang decided to be involved heavily with the Internet and wireless technologies and re-incorporated his operation as Global-Vision. The software products developed under the Global-Vision banner include:
High volume Laser printer control systems.
Developed an overall print management system that combined the need for paper printing, Electronic Bill Presentment, information archiving and viewing.
An advanced Internet/intranet authoring tool (the ``Silverado'') that can be used to create not only sophisticated Web sites but also intelligent business process workflow systems.
Collaborating in the development of wireless technologies and applications with global partners.
Silverado Technology
Cyberfast Systems further announced the acquisition of the ``Silverado'' technology, developed by Chang. The company has already implemented the process to patent the proprietary ``Silverado'' technology.
``Silverado'' is a user friendly and powerful software tool that can be used by business and technical people alike to rapidly create intelligent, multiple-level business orientated Web pages. Because ``Silverado'' can help business users to easily create and connect databases to their Web sites, businesses of all vertical industries can rapidly participate in the Internet-based global economy, including e-commerce.
Using a series of proprietary wizards, ``Silverado'' can prompt the users through the placement of information on the Web pages, the addition of graphics and video clips the overall look and feel of the pages and the inclusion of business rules and logics. At the end of the users specifications, ``Silverado'' can generate the accurate pre-tested Web codes without programming from the users in seconds.
``Silverado'' can help businesses to achieve cost savings by reducing the need and dependency on programming support, speeding up the time-to-market and enhancing the productivity of business personnel. Because ``Silverado'' can help create many Intelligent Web applications expediently without needing expensive and extensive technical resources, it can substantially reduce the personnel required within corporate ``IT'' departments for creation and maintenance of complex Web sites and database applications. ``Silverado'' can be successfully implemented by either a single proprietor or the largest enterprises desiring the opportunities and vast reach of the Internet.
Cyberfast Systems will be publishing more information and Silverado applications on the companies Web site at: www.cyberfastsystems.com
``Safe Harbor'' statement under the Private Securities Litigation Reform Act Of 1995: This release contains forward-looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of Competitive products and pricing, product demand and market acceptance, new Product development, reliance on key strategic alliances, availability of Raw materials, the regulatory environment, fluctuations in operating results And other risks detailed from time to time in the Company's press releases.
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Contact:
Cyberfast Systems Inc.
Ron Stecklein, 858/456-5520
www.cyberfastsystems.com |
