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Non-Tech : CASHCO (CSHK) - NEWS / UPDATES -- Ignore unavailable to you. Want to Upgrade?

To: JOE TURMAINE who wrote (18)	6/15/1998 10:19:00 AM
From: John Chapman	Read Replies (1) \| Respond to of 67

NEWS June 15, 1998 Business Wire Monday June 15, 8:52 am Eastern Time Company Press Release Cashco Management Makes Announcement TORONTO, Ontario--(BUSINESS WIRE)--June 15, 1998--The Board of Directors of Cashco Management Inc. is pleased to announce that effectively immediately, Mr. Alan Laffkas will assume the role of President of Cashco Management, Inc. The restructuring of the management team is in keeping with the direction of the Company's expansion into the technology sector and related services. Mr. Laffkas has over 20 years of diversified accomplishments in many facets of the personal computer and local area networking industries. His experience includes leading several innovative product design & development initiatives, project management, manufacturing, marketing and sales. Mr. Laffkas has comprehensive and in-depth technical knowledge of, as well as, broad based analysis, design and implementation expertise in all hardware and software disciplines related to the deployment of high-speed communications networks. Most recently his focus has been on technologies associated with voice, video and data convergence and their integration into Intranets; Extranets and the Internet. Rhonda Windsor has resigned as President, but remains as President of A.R. Brooks & Associates, Inc., Cashco's wholly owned subsidiary. Miss Windsor's marketing and sales background are better utilized in assisting in the development of the Company's kitty litter product, Paws Only. Miss Windsor has been instrumental in the creation of the marketing plan and package design for Paws Only and is well qualified to take the product to market. In order to meet deadlines, the need for Miss Windsor's full time involvement in the day to day execution of the rollout for the product has become increasingly apparent. In addition, Miss Windsor has no prior experience in the computer technology industry and therefore it would be expedient at this juncture for the CEO to have a strong computer background. Miss Windsor will act as a consultant to the management team of Cashco providing assistance and guidance to Mr. Laffkas in the transition period. -------------------------------------------------------------------------------- Contact: The Pinnacle Group Mark Cohen 718-428-7651 or Cashco Management Inc. Alan Laffkas, President 610-458-9540 --------------------------------------------------------------------------------