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Technology Stocks : Information Architects (IARC): E-Commerce & EIP -- Ignore unavailable to you. Want to Upgrade?

To: NJ Investors who wrote (10264)	8/28/1999 8:47:00 PM
From: Probity	Read Replies (1) \| Respond to of 10786

What do you say to changing the attitude a bit around here? IA in my opinion landed a very good hire recently, Jay Gilbertson who seems rather impressive. Here is the release: Jay Gilbertson, former WebMD President, Joins Board of Directors of Information Architects Corporation Gilbertson to assist on new business development and strategic alliances August 17, 1999 Information Architects Corporation (NASDAQ: IARC), a provider of Web-based digital content and information management solutions, today announced the appointment of Mr. Jay P. Gilbertson to its Board of Directors. Mr. Gilbertson most recently served as President and Chief Operating Officer of WebMD, Inc. Mr. Gilbertson will also act as a special consultant to advise on business development strategies. Under Mr. Gilbertson's leadership as President and C.O.O. at WebMD, he negotiated Microsoft Corporation's (NASDAQ: MSFT) $250 million equity commitment to WebMD, a $220 million Internet health care alliance with DuPont (NYSE: DD), and numerous strategic alliances with leading consumer sites such as Lycos Corporation (NASDAQ: LCOS), CNN News Group and EXCITE, Inc. WebMD announced on May 24 to merge with Healtheon (NASDAQ: HLTH). The then combined value of Healtheon and WebMD was approximately $20 billion. "Mr. Gilbertson is highly regarded by the Internet, healthcare industry and Wall Street," said Robert F. Gruder, Chairman and CEO of Information Architects. "His considerable skills in negotiating strategic alliances and acquisitions will make him a valuable addition to our Board. I look for Mr. Gilbertson to play an aggressive role in expanding both our strategic business alliances and our relationships with the financial and analyst community." "After years in the health care field, I have witnessed first hand how difficult it is for large organizations to deploy existing data on the Web," said Mr. Gilbertson. "Whether the information is locked up in large legacy systems, or on simple word processing files, gathering the information - from different sources - on different platforms, has been a daunting task. I believe that Information Architect's patented Metaphoria technology is the next generation breakthrough in content aggregation solutions. I am delighted to have this opportunity to use my skills to assist Information Architects in positioning Metaphoria as the "standard" for content aggregation and syndication on the Web." Prior to Mr. Gilbertson's tenure at WebMD, he served as President, Co-Chief Operating Officer and Chief Financial Officer of HBO & Company and a member of the Office of the President. He was responsible for the Payor Solutions Group, International and UK operations, finance, business development, Business Partner Solutions Group, information systems, human resources, and legal functions within the company. Prior to HBOC, Mr. Gilbertson was a financial manager for Electronic Data Systems Corporation (NYSE: EDS), based in Dallas. He began his career as an auditor with Grant Thornton International Certified Public Accountants in Chicago. Mr. Gilbertson received a bachelor's degree in business administration/accounting from the University of Iowa in 1982. He is both a CPA and CMA. Mr. Gilbertson is a member of the Business & Technology Alliance, the American Institute of Certified Public Accountants, the Texas Society of CPA's and the Institute of Management Accountants. He serves on the Board of Directors f or Anacomp, Inc. (NASDAQ: ANCO). Also in a previous release a private investor ponied up $5 million in cash to help IA gear up for their Metaphoria business. Why would someone or some people want to gamble that kind of money on a crap-shoot? I'd sure like to know. As shareholders, maybe we can discuss what positive(s) he (Gilbertson)obviously feels is out there for IA which in the end helps us! Just a thought....