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.

Technology Stocks : Zmax (ZMAX)/New Year 2000 play -- Ignore unavailable to you. Want to Upgrade?

To: Rollcast... who wrote (298)	11/18/1998 5:21:00 PM
From: Investor Communications Co	Respond to of 370

ZMAX Corp. Announces New Chairman of the Board of Directors Wednesday, November 18, 1998 04:01 PM GERMANTOWN, Md.--(BUSINESS WIRE)--Nov. 18, 1998--ZMAX CORP. (Nasdaq Small Cap: ZMAX) announced Wednesday that Melvin A. ("Mac") McCubbin, a director of ZMAX, has been appointed as the new Chairman of the Board of Directors of ZMAX to replace Michel Berty, who is retiring from the Board. Michael C. Higgins, a director and the President of ZMAX, stated, "The entire Board joins me in thanking Michel Berty for his service to ZMAX and his role in helping to guide the Company from its early beginnings to its current level of success and helping to position the Company for success after the Year 2000. "We wish him all the best in his future endeavors. The unanimous appointment of Mac McCubbin as our new Chairman of the Board provides ZMAX and its Board with an outstanding wealth of experience and leadership in executive management and business acquisitions as ZMAX continues to position itself for further growth in the IT industry." McCubbin is a current director of ZMAX and formerly served as the Corporate Vice President and Chief Financial Officer of Martin Marietta Corp. (now known as Lockheed Martin, NYSE: LMT), a position from which he retired after being employed there for over 30 years. McCubbin is now a financial and management consultant who is also an attorney-member of the Maryland Bar Association. James T. McCubbin, the Chief Financial Officer of ZMAX, has been appointed by the ZMAX Board of Directors to serve as a member of the ZMAX Board for the approximately six-month unexpired portion of Berty's term on the Board. ZMAX is an Information Technology (IT) consulting and re-engineering company focusing on system re-engineering and IT consulting services, including Y2K analysis and remediation, system testing, project management, independent validation and verification of IT systems and processes, as well as other diversified IT related services. Statements made in this Press Release that are not historical or current facts are "forward looking statements" made pursuant to the safe harbor provisions of federal securities laws. Forward looking statements represent management's best judgment as to what may occur in the future, but are subject to certain risk and uncertainties that could cause actual results and events to differ materially from those presently anticipated or projected. Such factors include adverse economic conditions, entry of new and stronger competitors, inadequate capital, unexpected costs, and failure to capitalize upon access of new clientele. Specific risks and uncertainties which may affect forward looking statements about the business and prospects include the possibility that a competitor will develop a more comprehensive or less expensive service or solution to ZMAX's services or products and delays in the market awareness of ZMAX and its product and service solutions. These factors and others are discussed in the "Management Discussion and Analysis" section of ZMAX's Annual Report on Form 10-K for the fiscal year ended December 31, 1997, to which reference should be made. ZMAX CORP. is quoted on the NASDAQ Small Cap exchange under the symbol of "ZMAX" and on the Frankfurt and Berlin Stock Exchanges under the symbol of "ZMX". CONTACT: For Investor Information: Investor Communications Co., 800/416-0811 or 800/547-0443