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Technology Stocks : DOCS - A TURNAROUND PLAY -- Ignore unavailable to you. Want to Upgrade?

To: Letmebe Frank who wrote (697)	9/28/1998 11:49:00 AM
From: Michael Watkins	Read Replies (2) \| Respond to of 1156

PC DOCS GROUP INTERNATIONAL APPOINTS CRAIG WALLACE PRESIDENT OF PC DOCS, INC. Toronto, Canada  September 28, 1998  PC DOCS Group International Inc. (NASDAQ: DOCSF, TSE: DXX), today announced the appointment of Craig Wallace to the position of President & Chief Operating Officer of PC DOCS, Inc., a global leader in document and knowledge management solutions. Wallace was previously President of PC DOCS Group's Internet software division, which will now merge into PC DOCS, Inc. Before coming to PC DOCS Group, Wallace held several notable senior management positions. During his seven-year career at Microsoft Canada, he was a member of the company's executive management team, with posts including National Sales Manager, Director of Marketing and Director of Sales and Marketing for the Enterprise Customer Unit. More recently, Wallace was President and CEO of iSTAR Internet Inc., Canada's leading publicly-traded Internet solutions company, which was acquired by PSINet Inc. earlier this year. Wallace will immediately replace Brian Zanghi, who is leaving PC DOCS Inc. In his capacity with the PC DOCS Internet division, Wallace has focused his attention on the selection and development of Internet-enabling technologies which leverage PC DOCS and Fulcrum's core product set. “It became clear that we had an opportunity to accelerate PC DOCS' growth in the expanding Internet arena through the merger of these two independent divisions,” Craig commented. “At the same time, this move will enable us to greatly improve the effectiveness of our internal resource utilization. I am excited to be involved with PC DOCS. We have the right people, the right products and the right partners to move forward as the clear leader in our target markets.” “The merging of PC DOCS, Inc. and our Internet software division will enable us to more fully realize the synergy of technologies and partnerships of these divisions,” said Rubin Osten, Chairman and CEO of PC DOCS Group, “Fundamentally, this move is about capitalizing on the many significant opportunities before us.” -end-