According to Forrester Research Inc., the application outsourcing market is projected to reach $20 billion by 2001 (see press release below)
[Note: Add another market opportunity for ISLD... djane]
Senior V.P. Sales and Marketing Leaves USinternetworking
for FutureLink
Business Wire - July 15, 1999 16:57
IRVINE, Calif.--(BUSINESS WIRE)--July 15, 1999--FutureLink Distribution Corp. (NASD,OTC
BB: FLNK), a leading Application Service Provider (ASP), today announced that Vincent L.
Romano, Jr., 53, has been named to the position of Executive Vice President, Sales and Marketing.
In this role, Mr. Romano's responsibilities encompass the expansion and direction of the company's
strategic marketing and sales initiatives.
Mr. Romano brings to FutureLink more than 25 years experience in high technology sales and
marketing. As Senior Vice President, World-Wide Sales, at USinternetworking, Inc.
(NASDAQ:USIX), he was one of the founders of the industry and a member of the senior officer team
responsible for creating and marketing one of the Internet's first ERP Application Service Providers.
Most recently, he was a key member of the executive team in taking the company public in less than
16 months, with an ultimate market cap in excess of $1 billion.
In addition to his senior role at USinternetworking, Mr. Romano has held executive sales positions at
Motorola Computer Group, Data General, ShareTech (AT&T), and Honeywell. At Motorola
Computer Group, Mr. Romano served as Vice President, World-Wide Sales. He was responsible for
the general management of sales and support, OEM and VAR relationships, for a business unit at
Motorola, which generated $29 billion in revenues. At Data General, ShareTech, and Honeywell, Mr.
Romano managed multiple sales and support organizations throughout the United States.
"This is a great endorsement for our model and team. Vince's comprehensive understanding of the
ASP market, compounded by his wide array of industry relationships, will greatly benefit FutureLink,"
said Cameron Chell, founder and CEO of FutureLink. "Vince has the drive and the experience that fits
well with our culture. FutureLink's mission is to become the most widely used, recognized and trusted
ASP. As we look to expand our brand awareness and push to form additional partnerships, Vince's
broad experience in marketing and sales will be an invaluable asset to the company."
The Application Service Provider (ASP) industry is a rapidly developing segment of the computer
industry. As an application service provider, FutureLink manages and delivers application capabilities
to multiple entities from data centers across a wide area network. FutureLink provides customers with
an alternative to building and managing internal information technology departments.
Regarding his new post, Mr. Romano said, "The momentum of FutureLink as a top-tier ASP, coupled
with the company's aggressive entrepreneurial spirit, provides the optimum environment for me to
contribute to its strong marketing strategy. I look forward to working with FutureLink's solid
management team in orchestrating the company's long-term business objectives."
About FutureLink
FutureLink is a founder of the Application Services Provider (ASP) industry. According to Forrester
Research Inc., the application outsourcing market is projected to reach $20 billion by 2001.
FutureLink provides small and mid-sized businesses (10-1,000 employees) with off-site,
Internet-based computing, allowing subscribers to minimize hardware/software upgrade cycles,
precisely control total cost of technology ownership and focus on their core businesses.
FutureLink's expertise in application hosting on a monthly subscription basis, outsourcing and facility
management, and business practices consulting enables the company to offer an all-inclusive,
trouble-free service at a predictable price. FutureLink, "The Computer Utility Company," offers
computer and information service as transparently and reliably as today's utilities deliver electricity,
water and telephone services.
For more information, contact FutureLink toll-free at (877) 216-6001; e-mail: sales@futurelink.net; or
visit the FutureLink web site at futurelink.net.
Forward-looking statements and comments in this news release are made pursuant to safe harbor
provisions of the Securities Exchange Act of 1934. Such statements relating to, among other things, the
prospects for the companies to complete the transaction and enhance operating results, are necessary
subject to risks and uncertainties, some of which are significant in scope and nature. These risks may
be further discussed in periodic reports and registration statements to be filed by the company from
time to time with the Securities and Exchange Commission in the future.
CONTACTS: FutureLink, Irvine, Calif.
Leone Bechard, Toll-free 877/216-6001
e-mail: lbechard@futurelink.net
or
Investors:
Troy Cleland, Toll-free 877/216-6001
e-mail: invrel@futurelink.net |
