Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Emerging Company Report TV Program -- Ignore unavailable to you. Want to Upgrade?

To: dbmedia who wrote (203)	3/23/2000 10:52:00 AM
From: dbmedia	Read Replies (1) \| Respond to of 526

Former CEO of Edison International Unit Joins eConnect as President and COO SAN PEDRO, Calif., March 23 /PRNewswire/ -- The former chief executive of Edison International's Edison Enterprises unit, Stephen E. Pazian, has joined eConnect, Inc. (OTC Bulletin Board: ECNC - news) as President and Chief Operating Officer, effective immediately. Tom Hughes, Chairman and Chief Executive Officer of eConnect, said that Mr. Pazian, 50, was appointed to this position as part of an ongoing effort to enhance the Company's management structure. As President and Chief Executive of the 4,000 employee Edison Enterprises from 1997 to 1999, Mr. Pazian grew the three-company start-up division to $200 million in annual revenues from $7 million in annual revenues. Mr. Pazian previously was president of Ameritech Corporation's Ameritech Security Monitoring and BellSouth Corporation's MobileComm wireless units. ``Talented management is essential to the growth of any company,' Mr. Hughes said. ``We are very fortunate to have someone of Stephen Pazian's background and expertise in a leadership position in our organization.' Mr. Pazian added, ``eConnect must immediately free up Tom's time, so that he can concentrate exclusively on implementing his global vision for eConnect. 'I am very excited about what I believe this Company's prospects to be. I am pleased to be joining the company's senior management team and hope to make significant contributions to its future growth.`` Mr. Pazian also said that he is aggressively interviewing candidates for the post of Chief Financial Officer, and that the Company anticipates an appointment to this and other senior management posts in the near future. ``Over the past week our company has enhanced both its management and operations,' Mr. Hughes added. ``Today, we announced the appointment of what we consider to be a world-class COO. Earlier in the week, we implemented strict disclosure policies and procedures and retained experienced legal and public relations counsel.' Concurrent with the retention of Sitrick And Company to oversee public relations and investor relations activities, such as the preparation of press releases and the designation of spokespersons, the company severed its relationship with Elias Argyropoulos. ``We recognize that if we are to continue to grow, we must put into place the management and systems necessary to properly operate a public company,' Mr. Hughes stated. ``We plan to continue to search for new talent -- both inside and outside the company -- that will help us fulfill our responsibilities to our customers, shareholders and employees. We recognize that with growth comes responsibility and we take that responsibility very seriously.'