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Carnegie International Corporation Names B. Chris Schwartz as COO
Business Wire - March 16, 1999 10:08
BALTIMORE--(BUSINESS WIRE)--March 16, 1999--Carnegie International Corporation (OTC BB: CAGI), a holding company specializing in Internet, telephony and telecommunications products, services and distribution, including Electronic Commerce and Electronic Digital Interchange, today named veteran business executive B. Chris Schwartz as its Chief Operating Officer (COO).
In announcing Schwartz's appointment, Lowell Farkas, Carnegie's president and CEO, said Carnegie's need to add to its senior management team was "driven by rapid growth, including domestic and international distribution for its MAVIS(tm) voice-driven auto attendant/ voice message system and several strategic acquisitions. These activities and others on the drawing board," he said, "created the need to bring experts experienced in managing growth to Carnegie. In February, we were fortunate to add Bennett Goldstein as our CFO, and today we are equally fortunate in having Chris Schwartz join our team."
Farkas said E. David Gable, chairman and COO of Carnegie since 1997, will now focus on responsibilities with the Board of Directors and "other opportunities that impact and speed overall corporate growth."
As Carnegie's COO, Schwartz will work to integrate its newest subsidiaries -- Paramount International Telecommunications, of Vista, California, a provider of 0+/- call auditing and international one-plus services to hotels and other businesses, RomNet Support Services of Boston, an Internet, E-Commerce and technical support services firm, and Voice Quest of Sarasota, Florida, a developer and marketer of speech recognition and voice mail technologies and products. In addition, Farkas said that when the pending acquisition of PCNet, Inc., of Trumbull, Connecticut, a VAR specializing in E-Commerce and EDI, PC hardware, software, network integration and support services, is completed, Schwartz will also integrate that operation.
Schwartz has more than three decades of experience managing fast-growth companies. Prior to joining Carnegie he spent four years as chairman and CEO of Whitlock Equity Partners, which specialized in business analysis and operations, focusing on E-Commerce and Internet-related companies. He has served as president and CEO of numerous companies including Bata Shoe-North America, the world's largest shoe manufacturer. Earlier in his career, Schwartz served with the Singer Company (AMEX: SEW) in a variety of senior management positions in the U.S., Canada and overseas, including being director of international activities in Europe.
A member of the Boards of seven publicly-held companies, Schwartz has led three IPOs, and helped raise more than $500 million in private placements. He has a B.S. in Marketing and an MBA in Finance and continued his education at Harvard's Senior Management Advanced Studies Program. Schwartz is a veteran of the U.S. Army, spent 13 months in Vietnam, and left the service as a First Lieutenant before being promoted to Captain while a member of the U.S. Army Reserves.
Carnegie International Corporation (OTC BB: CAGI) is a holding company specializing in Internet, telephony and telecommunications products, services and distribution, including E-Commerce and EDI. Its MAVIS(tm) (Multi-Language Automated Voice Independent System) is a breakthrough in speech recognition-driven automated attendant/ voice mail systems, using proprietary IVR (interactive voice response) software to recognize/respond to callers. The entirely voice-driven MAVIS interface is available in English and all foreign languages supported through licensed Lernout & Hauspie (NASDAQ: LHSPF) software, and supports Dialogic (NASDAQ: DLGC) CPU telephony cards. On December 28, 1998, Carnegie became a fully reporting company under the Securities and Exchange Act of 1934.
Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this Press Release (as well as information in oral statements or other written statements made or to be made by Carnegie International Corporation) contain statements that are forward-looking, such as statements relating to the future anticipated direction of the telecommunications industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth, and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of Carnegie International Corporation. These risks and uncertainties included, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, change in Federal or state laws, and market competition factors.
MAVIS is a trademark of Carnegie International Corporation. Other trademarks are properties of their respective owners.
CONTACT: Lowell Farkas
Carnegie International Corporation
+(410) 785-7400
lfarkas@carnegieint.com
or
David A. Kaminer
The Kaminer Group
+(914) 684-1934
dkaminer@kamgrp.com
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