NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: PROGINET CORPORATION
VSE SYMBOL: PRF.U
JANUARY 5, 1999
Proginet Appoints New Chairman; John C. Daily Is New
Chairman Of The Board Of Proginet Corporation
GARDEN CITY, NEW YORK--Proginet Corporation today announced the
appointment of John C. Daily as Chairman of Proginet's Board of
Directors. Mr. Daily has been a board member since 1993.
"Proginet has shown great promise with its innovative technology",
said Mr. Daily. "The market opportunity for Proginet's technology
and its recent successful sales efforts, make it an exciting time
to play a larger role in the company's future."
Mr. Daily brings over 25 years of general management, marketing
and sales experience to Proginet. Currently Principle and Vice
President of Christian & Timbers, a retained executive recruiting
firm, Mr. Daily was previously President, CEO and a member of the
Board of Directors of Image Business Systems, a publicly-traded
(NASDAQ) software and services company, based in New York City. As
Senior Vice President, Strategic Planning for Sterling Software, a
$400 million company Mr. Daily was charged with identifying,
analyzing and recommending key investments and/or acquisitions
complementary to the company's strategic direction.
Mr. Daily joined Sterling as a result of its July 1993 acquisition
of Systems Center, Inc., a publicly-traded (NYSE) $130 million
provider of software for enterprise-wide systems and network
management. Prior to the acquisition, Mr. Daily had been Systems
Centers' President and Chief Executive Officer, and a member of
its Board of Directors. In this capacity, Mr. Daily managed over
900 employees in 14 countries, three major software development
labs, extensive direct sales and support operations, 35 worldwide
distributors and major alliances with five industry-leading
companies.
Mr. Daily began his career at IBM, where he served in various
capacities, including General Manager, Telecommunications
Marketing, (a group which generated revenues of $3 billion),
Director, Market Strategy for the Communications Systems Group,
and Director-Client/Server & Office Systems Marketing for the
Programming Systems Group.
After receiving his undergraduate degree from Dartmouth, Mr. Daily
received an MBA in Marketing from Columbia University.
Proginet's flagship product, SecurPass, is a security application
that enables password synchronization and harmonization across
disparate information security systems. Security administrators
can revoke or resume a user and set or reset a password on all of
the user's platforms in one step. Supporting OS/390, Windows NT
domains, UNIX, and Novell NetWare systems, SecurPass builds on
trusted security systems rather then requiring a new
infrastructure or software to be installed on every desktop.
Proginet provides advanced technology, which links Microsoft
business products with IBM Mainframes. Many of the world's largest
corporations and government agencies employ industry leading
software developed or owned by Proginet Corporation. Proginet is
headquartered in Garden City, New York and has distributors
throughout the world. Proginet is listed on the Vancouver Stock
Exchange under the stock symbol (VSE-PRF.U).
For more information, please visit the Proginet web site at:
proginet.com.
The Vancouver Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this News Release,
which has been prepared by the company. |
