To: who cares? who wrote (5139 ) 10/18/1999 1:51:00 PM From: StockDung Respond to of 10354
Veritas back to their old non disclosure ways. No mention of Veritas once again except the e-mail address. Subj: NNCI PR, Oct. 18/99 - NetNation Appoints Directors Date: 10/18/99 1:06:53 PM Eastern Daylight Time From: anthony@vericom.ca (Anthony Zelen) To: Floydxxxxxxxxx.com (xxxxxxxx) NetNation Appoints Directors VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 18, 1999-- NetNation Communications Inc. (OTCBB:NNCI - news), a leading provider of Web hosting and E-commerce solutions, announces today that Anil Wirasekara and Ashley Sinclair have been appointed as Directors of the Company. Mr. Wirasekara will serve as an independent external Director. Mr. Wirasekara's appointment as an independent director to the Board brings extensive international financial experience to NetNation through his position as Chief Financial Officer of MacDonald Dettwiler and Associates Ltd. (''MDA''), Richmond, BC, Canada (http://www.mda.ca). MDA is one of Canada's largest space technology and information systems companies, and a world leader in satellite mapping and spatial information services. In addition, their Electronic Commerce group has been very innovative in the introduction of electronic solutions to traditional business processes and secure Internet technologies. MacDonald Dettwiler employs over 1,400 employees worldwide. Mr. Wirasekara joined MacDonald Dettwiler in 1992 and has been instrumental in implementing the company's growth and diversification strategy. He also leads MDA's treasury management, international trade finance and M&A activities. Mr. Wirasekara's professional affiliations include The Chartered Institute of Management Accountants (UK), The Institute of Chartered Accountants (Sri Lanka), and The Society of Management Accountants of British Columbia. Mr. Sinclair is Chief Financial Officer and Treasurer of NetNation and has been with the Company since June 1999. Mr. Sinclair received his B.Math from the University of Waterloo and an MBA from the University of Manitoba. His professional designations include a CA (Chartered Accountant) and CMA (Certified Management Accountant). "I have known Mr. Wirasekara for a number of years and believe his international experience and outlook will benefit us tremendously as we embark on our global expansion," stated NetNation's CEO, David Talmor. "Mr. Sinclair has been instrumental in coordinating our efforts in securing status as a reporting issuer with the SEC and towards filing for listing on Nasdaq. Their combined experience will add a significant dimension to our Board," added Mr. Talmor. About NetNation Communications Inc. With over 40,000 domains names registered and 8,500 Web sites hosted for clients in nearly 100 countries, NetNation Communications Inc. (http://www.netnation.com) is an international Web hosting and E-commerce solutions provider. The Company has been consistently ranked among the top 10 Web hosts in the world by leading industry evaluators, HostIndex (http://www.hostindex.com) and TopHosts (http://www.tophosts.com) and has been selected by ICANN as an official registrar of Internet domain names. With this designation, NetNation joins an elite group of companies that includes Network Solutions (NASDAQ: NSOL - news), America Online (NYSE: AOL - news), AT&T (NYSE: T - news) and France Telecom (NYSE: FTE – news). For more information please contact Investor Relations at (800) 773-7317 or ir@netnation.com. Note: Any statements released by NetNation Communications, Inc. that are forward-looking are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that forward-looking statements invoke risk and uncertainties that may affect the Company's business prospects and performances. These include economic, competitive, governmental, technological and other factors discussed in the statements and in the Company's filings with the Securities and Exchange Commission. Disclaimer: This transmission was intended only for the party or parties to whom it was directed. If you have received the transmission in error or by other means, it must be destroyed and by no means circulated, copied or otherwise duplicated without the express permission of its author(s). Nothing in the contents transmitted should be construed as an investment advisory, nor should it be used to make investment decisions. There is no express or implied solicitation to buy or sell securities. The author(s) may have positions in the stocks or financial relationships with the company discussed and may trade in the stocks mentioned. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. All information should be considered for information purposes only. No stock exchange has approved or disapproved of the information contained herein. ----------------------- Headers -------------------------------- Return-Path: <anthony@vericom.ca>