Thursday March 25, 10:06 am Eastern Time
Company Press Release
Year 2000 Wire/ConSyGen Inc. Announces Management Changes
PHOENIX--(BUSINESS WIRE)--March 25, 1999--ConSyGen Inc. (NASDAQ:CSGI - news) The resignation of Thomas S. Dreaper as president and chief executive officer of ConSyGen Inc. and the election of A. Lewis Burridge to succeed him were announced by ConSyGen Thursday.
Dreaper informed the directors individually of his resignation on March 23, 1999. The directors elected Burridge as president at a meeting held on March 24, 1999. Burridge has been a director since June 26, 1998.
Robert L. Stewart was elected as a director to succeed Dreaper on the board.
Burridge is a former vice president of Sterling Drug Inc., president of Sterling Asia, president of New England World Trade and president of Kent Associates. He was chairman of the Asia Pacific counsel of the American Chambers of Commerce. He is a director of Massa Inc. and trustee/ director of the Trinity College of Vermont.
According to Burridge, ''Tom's resignation came as a surprise. While we regret Tom's action, we want and will proceed to conduct the company's business in all of its respects. The board anticipates no undue interference with its ability to operate as a result of this resignation.''
ConSyGen Inc. is a Phoenix-based high-technology company that provides Year 2000 remediation and independent verification and validation services using its proprietary automated software technology.
Note to Editors: Caution Regarding Forward-Looking Statements: Statements contained in this release other than statements of historical facts may be deemed to be ''forward-looking statements.'' Forward-looking statements involve risks and uncertainties which may cause actual results to differ materially from those projected in such forward-looking statements.
Factors which could affect results include the development of competing or superior technologies, market awareness and acceptance of ConSyGen technology, overall market demand for conversion services, the company's ability to attract and retain qualified personnel and to protect its proprietary information, and other risk factors set forth in the company's SEC filings.
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