Maybe this is why the stock is down??? LOL
ATLANTA--(BUSINESS WIRE)--Feb. 18, 1998--HomeCom Communications,
Inc. (NASDAQ SmallCap: HCOM.O), an Internet applications company,
announced today that Claude A. Thomas, 55, has been elected to its
board of directors, and will serve on the audit and compensation
committees.
Thomas is a principal of Ambassador Capital Corporation, an
investment banking firm specializing in emerging technology
companies. In his present position, Thomas assists electronic
commerce and emerging technology companies with financings, business
strategies, strategic alliances and financial restructurings. From
1994-1997, Thomas was EVP, Corporate Development and Software
Solutions for CheckFree Corp. (NASDAQ: CKFR.O). Previously, he held
positions as CEO of International Banking Technologies and other
subsidiaries of First Financial Management (now First Data Corp.,
NYSE: FDC). He started his 30-year career with Electronic Data
Systems (NYSE: EDS.N) in the Wall Street division, and subsequently
held executive positions with Coopers & Lybrand and Digital Equipment
Corporation.
Thomas holds a BE cum laude in Chemical Engineering from
Vanderbilt University and an MBA in Marketing and Finance with honors
from Washington University. He is author of numerous articles on the
application of information technology to the financial services
industry in publications such as American Banker, Banking, Industrial
Marketing and the Boston Globe.
"Claude brings to the board a wealth of technology management
experience and a vision that will be extremely helpful to HomeCom in
achieving our goal of becoming a premier Internet financial solutions
company. His successful executive experience and extensive contacts
in electronic banking, mergers and acquisitions and investment
banking will be invaluable to us," said Harvey Sax, President and
CEO of HomeCom.
Founded in 1994, HomeCom (http://www.homecom.com) designs and
builds robust Internet/Intranet software applications that enable
companies to gain a competitive advantage or reduce costs utilizing
I-Net technologies. HomeCom hosts more than 8,000 Web sites from
approximately 45 countries. The Company's staff is comprised of an
integrated team of programmers, graphic artists, and project managers
offering custom software applications, web site development, web
outsourcing, and Internet security.
--30--rc/ny*
CONTACT: Porter, LeVay & Rose, Inc.
Martin Skala, VP
John Chuhran, Consultant
(212) 564-4700
or
HomeCom Communications, Inc.
Harvey Sax, President/CEO
(404) 237-4646 ext. 140
KEYWORD: GEORGIA
INDUSTRY KEYWORD: TELECOMMUNICATIONS
INTERACTIVE/MULTIMEDIA/INTERNET COMPUTERS/ELECTRONICS COMED
MANAGEMENT CHANGES
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