News! und wie ich schon sagte: AMEX..dafür brauch´ ich keinen Informanten..Hr. Judas
Wednesday September 20, 10:15 pm Eastern Time
Upgrade International Corp. Announces Changes to the Company`s Board of Directors
SEATTLE--(BUSINESS WIRE)--Sept. 20, 2000--Upgrade International Corporation (OTCBB:UPGD - news) is pleased to announce the appointment of Mr. Brian Kerr to the Board of Directors of the Company.
Mr. Kerr, the former President of the Institute of Chartered Accountants of British Columbia, and a current member of the Board of Governors of that entity is a financial professional with substantial business experience including a directorship of a senior reporting Company. Mr. Kerr completes the Board of Directors of Upgrade by providing to the Board of Directors the requisite balance of independence and financial experience required within the Company`s Charter for its audit committee function. This change was required in part to comply with requirements of the impending change of the Companys listing from the OTC Bulletin Board to the Amex Stock Exchange.
Further, the Board of Directors accepted the resignation of Mr. David Zucker, from the Board of Directors of Upgrade International Corp. Mr. Zucker remains as the President and Director of EforNet Corporation, a subsidiary Company of Upgrade. In conjunction with the Company`s pending acquisitions of Pathway`s Inc. and Cards & More, GmbH, the Company has decided to develop an executive committee comprised of the Presidents of each of Upgrade International Inc. subsidiary Companies. The executive committee will be a more effective way of integrating the operations of the subsidiaries into realizing Upgrade`s Corporate objectives states Mr. Bland, the President of Upgrade International Corp.
Upgrade International Corp. (OTCBB:UPGD - news), through its ownership interest in UltraCard Inc., Efornet Corp, and Centurion Technologies Inc, and its acquisitions in process of Pathways and Cards and More, is a SmartCard solutions provider including the development and commercialization of a patented, data storage technology UltraCard. UltraCard incorporates conventional hard drive storage technology into a standard credit card form factor, which operates in conjunction with a read/write device and operating software. In addition, Upgrade has acquired and is developing application software and systems for specific applications of the UltraCard technology as well conventional SmartCard solutions. Management believes that the UltraCard technology potentially will provide numerous industrial users with a combination of high levels of security and a vastly greater amount of personal, transportable data storage at the lowest cost in the industry.
On Behalf of the Board of Directors,
Daniel Bland, President
This News Release may contain forward-looking statements relating to future results, performance, plans, events or other matters. Words such as ``potentially,`` ``will,`` ``anticipates,`` ``believes,`` ``plans,`` ``expects,`` ``future,`` ``intends`` and similar expressions are used to identify these forward-looking statements. Such statements involve numerous risks and uncertainties, including, but not limited to, risks and uncertainties pertaining to development of the company`s products and services and markets for such products and services, the timing and level of customer orders, competitive products and services and pricing, changes in economic conditions and the markets for the Company`s products and services and other risks and uncertainties. Actual results, performance and events may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this News Release. The Company undertakes no obligation to release revisions to these forward-looking statements to reflect events or circumstances after the date of this News Release. Further information about the risks and uncertainties Upgrade faces can be found in its filings with the Securities and Exchange Commission, which can be accessed at www.sec.gov or www.freedgar.com.
|aus der Diskussion:||Upgrade - 61. Forum|
|Autor (Datum des Eintrages):||Kampfhamster (21.09.00 06:45:27)|
|Beitrag:||72 von 107 (ID:1885254)|
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