To: Jon Tara who wrote (3745 ) 3/14/1998 1:14:00 PM From: PartyTime Respond to of 18444
Here's something else we've seem to have forgotten. Meatchem--NOTE: proper spelling of his name--I've made this mistake too--when he came on board with Zulu, brought his own company (ATIS, see below) along for a link with NETZ-Autotrak. This explains why automotive expertise (auto mapping, other computerized stuff, whatever) is now in the picture. For a long time, I was boggled, trying to figure how an auto man got to head an internet advertising company. I still don't really understand yet why the term "interim CEO" was not used do describe Meathem. (another question for Tahoeman to ask Tom Burgess) Nonetheless, I'm comforted it is Steve Lair who is at the top. It looks like Zulu, under Meatchem's direction, will build and revitalize Autotrak business. Thus far, as per Burgess' response, Mr. Lair is CEO of ESVS and Zulu. Who knows, maybe NETZ is tactically smarter than Doubleclick: What would you go after? Malls or cars? In any event, below is old news, but still something to think about: [ Business | US Market | Industry | IPO | S&P | International | PRNews | BizWire | Finance Home ] Monday December 15, 12:18 pm Eastern Time Company Press Release SOURCE: Netmaster Group, Inc. Netmaster to Acquire A.T.I.S, Names Former BMW Executive to Lead Group NEWPORT, R.I., Dec. 15 /PRNewswire/ -- Former BMW Executive Ronald I. Meatchem has agreed to join Netmaster Group, Inc. (Nasdaq: NETZ - news) as Chairman and CEO. Mr. Meatchem has over 40 years experience in the Automotive Industry in Australia and South Africa. As Managing Director for BMW Australia from 1979 to 1993, Mr. Meatchem established the BMW subsidiary as the luxury car leader in Australia for 14 consecutive years, with 1993 sales of over $500M. ''The automotive industry, like many large, multinational businesses, have reached a point where they are ready to take advantage of the internet as a primary means to provide and collect information from their customers,'' said Mr. Meatchem. ''With it's innovative technology and interactive advertising services, Netmaster is well positioned to become a leader in the international market of providing internet-based service technology.'' Netmaster has also agreed on terms to buy Automotive Technology Information Systems, LTD., (''A.T.I.S.'') for cash and stock. A.T.I.S. is an Australian company headed by Mr. Meatchem. Mr. Meatchems experience and knowledge of the global marketplace, will be used to expand the Netmaster Groups services to an international audience. A.T.I.S. will be merged with NETZ-Autotrak Systems, Inc., the subsidiary that is developing internet-based reporting systems for the automotive industry. This press release contains certain forward-looking statements and projections (including statements including plans and objectives of management for future operations and services, and statements concerning expectations) that are based on management belief as well as assumptions made by, and information currently available to, management. The company's actual results might differ materially from the plans envisioned, or results projected by, those statements if the company's assumptions prove to be incorrect or for a variety of reasons. SOURCE: Netmaster Group, Inc. More Quotes and News: Netmaster Group Inc (OTC BB:NETZ - news) Related News Categories: automobiles, computers Help Copyright c 1997 PRNewswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Important Disclaimers and Legal Information Questions or Comments?