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Technology Stocks : VNWC Video Network Commun(was VNCI) -- Ignore unavailable to you. Want to Upgrade?

To: wyllisx2 who wrote (54)	2/13/2002 2:36:18 PM
From: Bald Eagle	Respond to of 72

VNCI Appoints John F. Baney Vice President, Sales and Marketing To Leverage Extensive Experience in Enterprise Network Sales and International Channel Development PORTSMOUTH, N.H., Feb. 13 /PRNewswire-FirstCall/ -- (OTC:VNWC) Video Network Communications, Inc. (VNCI), a leader in enterprise video networking, today announced the appointment of John (Jack) F. Baney to the position of Vice President of Sales and Marketing. Baney is chartered with spearheading VNCI's penetration into Fortune 500 companies, expanding its channel programs and reseller relationships, and developing an international sales and marketing infrastructure. During his 28 years at IBM, Jack Baney developed a reputation for innovative leadership and a track record of consistently exceeding sales goals and revenue objectives. As Worldwide Director of Marketing, Networking, Baney established a global marketing infrastructure to support over 1200 networking sales reps; created a direct response marketing program that increased revenue from $9 million to $90 million in two years; and developed an international business partner program that doubled business unit revenue. Most recently, Jack Baney held the position of Worldwide Director of Sales, Service Provider Channel, establishing an international sales force to recruit telecom, Internet and application service providers as a channel for IBM's e-Business solutions. As a result of the new Telco/ISP/ASP alliances, revenue grew 200% in Y2000. Carl Muscari, President and CEO of VNCI, commented: "The appointment of Jack Baney to this key position underscores our goal of positioning VNCI for fast-track growth in the enterprise communications space. As the economy rebounds and companies look for ways to ramp up productivity, the Company will rely on Baney's in-depth knowledge and experience in networking, channel building, and strategic sales and marketing to drive home the unique value proposition of TV-quality video networks to our vertical markets and, in particular, our growing base of Fortune 500 customers." About Video Network Communications, Inc. Video Network Communications designs, develops, and markets video distribution systems that provide full-motion, high-resolution video networking, enabling video broadcast distribution, retrieval of stored video- on-demand and interpersonal visual communications. The patented technology allows the VNCI system to use the same wiring as the telephone to bring TV- quality video anywhere there is a phone line. The Company's ISDN/IP and Universal (ATM) Gateway solutions extend the system's reach from enterprise desktops out to the wide-area-networks (WANs). The Company's common stock and warrants are listed under the symbols "VNWC" and "VNWCW" respectively. Additional information is available at www.vnci.net.