Strategia Corporation Announces Retirement; New Year 2000 Projects
LOUISVILLE, KY. (Oct. 24) BUSINESS WIRE -Oct. 24, 1997--Strategia
Corporation (ASE:SAA) announced today that James P. Buren, Executive
Vice President, has retired from his positions as an officer and
employee of the Company. Buren has agreed to act as a consultant to
continue to provide substantial support to the Company in many areas
including technical product development, quality control, and
marketing. Buren will also continue to serve as a Director of the
Company at the pleasure of the other Board members.
Buren stated, "I am excited about my continued involvement with
Strategia as it emerges as a nationally known information services
company. My new role will allow me to focus on the areas of the
Company that will contribute to long term growth."
Buren further stated, "I have committed to retain most of my Strategia
stock. I believe Strategia is well placed to capitalize on the
opportunities presented by the Year 2000 problem. This in turn should
position Strategia to provide new unrelated services to our customers
well into the next millennium."
Richard W. Smith, President of Strategia, stated, "Jim's loyalty and
devotion has meant a great deal to the Company and to me over the
years. His agreement to stay involved will be invaluable to us. We
will be able to continue to rely on Jim's technical knowledge and
experience."
Smith also announced two new Year 2000 projects. "We are very pleased
that Strategia recently signed a contract with the University of
Louisville. Under the contract, Strategia will perform Year 2000
conversion and compliance testing on key administrative applications."
"We are even more excited about a recent success for Strategia Europe,
our European subsidiary. It has been awarded its first Year 2000
conversion project by Conseil General de Loire Atlantique, a
governmental agency roughly analogous to a county government in the
United States. The European market for Year 2000 services has been
lagging behind that of North America. It is heartening to see
Strategia's capabilities being recognized this early in the market
cycle."
Strategia Corporation is an Information Services Company providing
disaster recovery, consulting, information processing, outsourcing, and millennium services to users of large-scale computer systems in North America and Europe. Since 1984, the Company has provided its services to more than 200 large and medium-sized organizations in diverse industries. Strategia's common stock trades on the American Stock Exchange under the symbol "SAA." |
