Great news for 1st Net Shareholders!
Tuesday May 18, 9:44 am Eastern Time
Company Press Release
Former TCI Executive Joins 1st Net Technologies' Board of Directors
SAN DIEGO--(BUSINESS WIRE)--May 18, 1999--1st Net Technologies Inc. (OTCBB:FNTT - news), a Colorado corporation announced today that it has recently welcomed Steven J. Santamaria to its Board of Directors.
By joining the company, Santamaria will help 1st Net continue to position itself as a preeminent player in the Internet market.
Santamaria has over 18 years of progressive operations and upper management experience in the communications and cable industry fields, serving 13 of those years with cable television giant Telecommunications Inc. (TCI), a subsidiary of AT&T (NYSE:T - news). From 1993 through 1998, he served as General Manager of TCI Denver, the company's largest regional operation. Under Santamaria's direction, cash flow realized by TCI Denver increased by approximately 18%. From 1986 through 1993, he served as TCI's Regional Vice President in charge of operations in the States of Colorado, New Mexico, and Wyoming.
During his tenure, Santamaria was responsible for approximately one million customers, 4,000 employees, and $450 million in annual revenue. Additionally, Santamaria's team managed TCI's Alpha testing and deployment of its digital cable and @Home (Nasdaq:ATHM - news) high speed Internet access operations.
James H. Watson, Jr., Director of 1st Net Technologies said, ''Steve Santamaria is a top-notch executive, but more importantly a first-class individual. His experience, leadership and contacts within the communications industry will prove invaluable as we build 1st Net and its subsidiaries into a preeminent provider of enabling technologies and innovative services to the growing Internet community. After leaving TCI this year, he was approached with job offers by several top companies in the industry and we are delighted that he will bring all his industry experience, broad knowledge of the communications market, and influential contacts to 1st Net Technologies.''
About 1st Net Technologies Inc.:
1st Net is an Internet products company specializing in enabling core technologies. These technologies support a new paradigm pioneered by 1st Net called ''Content Based Routing and Delivery'' to control and monitor information, telephony and video services in a single platform.
1st Net also delivers innovative services for publicly traded companies, and high net worth investors.
-- Services for publicly traded companies include Corporate Due Diligence Web Sites, Custom Database Systems Management, and E-Marketing.
-- Services for high net worth investors include Online Financial Information Resources including Financial Newsletters and Investment Opportunity Profiling.
Note: News releases and other information on 1ST NET TECHNOLOGIES INC. can be accessed at 1stnettech.com on the Internet
The foregoing press release may include numerous forward-looking statements concerning the company's business and future prospects and other similar statements that do not concern matters of historical fact. The federal securities laws provide a limited ''safe harbor'' for certain forward-looking statements. Forward-looking statements in this press release relating to product development, business prospects and development of a commercial market for technological advances are based on the company's current expectations. The company's current expectations are subject to all of the uncertainties and risks customarily associated with new business ventures including, but not limited to, market conditions, successful product development and acceptance, competition and overall economic conditions, as well as the risk of adverse regulatory actions. The company's actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on forward-looking statements. The company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or for any other reason.
--------------------------------------------------------------------------------
Contact:
1st Net Technologies Inc.
Jeff Chatfield, 619/675-4449, Fax 619/675-4443
1stnettech.com
--------------------------------------------------------------------------------
More Quotes and News: 1st Net Technologies Inc (OTC BB:FNTT - news)
Related News Categories: computers, internet
-------------------------------------------------------------------------------- |
