** NEWS: David Perl Joins Prosoft as Chief Operating Officer **
Monday June 29, 8:58 am Eastern Time
Company Press Release
David Perl Joins Prosoft as Chief Operating Officer
Prosoft Welcomes a New Member to the Team
AUSTIN, Texas--(BUSINESS WIRE)--June 29, 1998--Prosoft I-Net Solutions Inc. (NASDAQ:POSO - news), a leading Internet/intranet skills training company, today announced the appointment of David I. Perl to the position of Chief Operating Officer. Perl fills the role previously held by Jerry Baird before Baird was promoted to chairman and chief executive officer in February of this year.
As COO, Perl is responsible for the day-to-day execution of Prosoft's business plan. He brings with him specific skills in building and growing an organization from the ground up. His 10 years of public company management experience adds depth to the Prosoft management team.
''Selecting David Perl as our new COO is a significant milestone in the development of Prosoft,'' said Jerry Baird, chairman and CEO, Prosoft. ''David's skills in selling products into new markets as well as forming and managing international strategic alliances are key strengths as Prosoft prospers in the evolving Internet marketplace.''
Perl joins Prosoft from Otis Elevator Co., a division of United Technologies Corp. [NYSE:UTX - news], where he served as the first president and general manager of Otis Transit Systems Inc. a wholly owned subsidiary of Otis Elevator Co. Over the past five years, Perl developed and managed the global transit products business for Otis Transit Systems, enhancing the company's position in its industry through a series of successful new product introductions and strategic alliances. He joined Otis Elevator in 1988, and held positions of increasing responsibility in strategic planning, sales, project management and general management.
''Prosoft has a significant head start in this rapidly growing Internet skills training and certification industry,'' said David Perl, COO, Prosoft. ''I am looking forward to working with Jerry and the rest of the team to better focus operational resources to increase sales, and profits, and ultimately shareholder value. I am confident that the work done to date leaves the company poised for profitable growth.''
Prior to his employment at Otis Elevator Co., Perl worked for Trammell Crow Co., a Dallas-based, global real estate developer. At Trammell Crow Co., Perl held a variety of positions in areas ranging from information systems to human resources.
Perl obtained an MBA from Harvard Business School and holds a BS in economics from the Wharton School at the University of Pennsylvania.
Prosoft I-Net Solutions Inc. is the only publicly traded company focused on providing broad-based Internet/intranet skills training and certification. Through its recent acquisition of Net Guru Technologies, Prosoft offers a comprehensive, industry-endorsed, vendor-neutral certification program that is administered by testing leader Sylvan Learning Systems. Prosoft offers more than 50 instructor-led Internet skills courses, ranging from one-day end-user workshops to 10-day certification programs for Internet security professionals, Web professionals and solution developers. More information about Prosoft is available at www.prosofttraining.com.
Except for historical information contained herein, the matters discussed in this press release are statements of a forward-looking nature that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Such risks and uncertainties include, without limitation, the company's dependence on the timely development, introduction and acceptance of courses and products, the impact of competition and downward pricing pressures, the effect of changing economic conditions, the company's ability to attract and retain key management and other personnel, risks in technology development, currency fluctuations, and the other risks and uncertainties outlined in the company's filings with the Securities and Exchange Commission, including but not limited to the company's Annual Report on Form 10K. The company undertakes no obligation to update this forward-looking information.
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Contact:
Prosoft I-Net Solutions Inc.
Laura Singleton, 714/953-1200 x 375
laurasi@prosofttraining.com
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