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.

Non-Tech : BASIS100 BAS-TSE -- Ignore unavailable to you. Want to Upgrade?

To: Tom who wrote (90)	10/17/2001 3:33:46 PM
From: Tom	Read Replies (1) \| Respond to of 104

MORE NEWS ON TOP OF NEWS Attention Business Editors: Michael Johnston Former Chairman of Merrill Lynch Credit Corporation Joins the Basis100 Board of Directors TORONTO, Oct. 17 /CNW/ - Basis100 Inc. (BAS:TSE), an e-commerce technology solutions provider for the financial services industry, announced today that Michael Johnston, former Chairman of Merrill Lynch Credit Corporation, has joined the company's Board of Directors. Michael Johnston spent more than 32 years in the U.S. financial community and comes to the Basis100 Board of Directors from Merrill Lynch Credit Corporation (MLCC), where he was the Chairman, President & CEO, serving the consumer mortgage and investment market. Mr. Johnston is a recognized financial services visionary who successfully "trail-blazed" Merrill Lynch's business model in a non-traditional credit business category. "Michael's extensive background in creating and delivering innovative mortgage products and services will provide focus and guidance for Basis100's successful introduction of new solutions to the U.S. mortgage industry," says Gary Bartholomew, Chairman and CEO. "He will aid us as we capitalize on our current client relationships, leverage our technology and continue to grow our presence in the U.S. Michael's incisive direction, along with his retail and capital markets background, will be invaluable to our organization's ongoing success and international growth strategy." Mr. Johnston, who had been with Merrill Lynch since 1969, was directly responsible for building the Merrill Lynch Credit Corporation as an independent, self-contained business unit, which has been profitable every year since 1983. MLCC has also consistently rated 85 percent and higher for client satisfaction, which complements Basis100's model to provide to its customers business-driven solutions through technology. A Bronx, NY native, Michael is a graduate of Pace University with a B.B.A. in finance and an A.A.S. in accounting from Bronx Community College in New York. He is an active member of the Mortgage Brokers Association of America (MBAA), holding a board position with the Residential Board of Governors & Industry Leaders arm. He remains active in the community with his volunteer work with the Clara White Mission, as well as the United Way of Northeast Florida. Mr. Johnston's appointment is subject to TSE approval. About Basis100 Basis100 is a leading e-commerce technology solution provider for financial institutions and service providers enabling them to build, distribute, buy and sell their products and services in new ways. Basis100 is focused on the mortgage origination, consumer credit, fixed income trading, and service vendor markets across North America and internationally. For more information about Basis100, visit www.basis100.com. Forward-looking (safe harbour) statement Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes", "plans", "expects" or "intends" and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.