James E. Krohn Named Chief Financial Officer for Focus Affiliates, Inc. and FocusWireless.com

DALLAS, Feb. 17, 2000 (PRIMEZONE) - Focus Affiliates, Inc. has named James E. Krohn to serve as vice president and chief financial officer. Focus Affiliates, Inc. (dba FocusWireless.com) (Nasdaq:FONE) facilitates the sale of wireless telecommunications products and offers innovative value-added services for business-to-business (B2B) customers.

Mr. Krohn's professional background includes more than 20 years experience in corporate finance, consulting and international banking. Prior to joining FocusWireless.com, Mr. Krohn was managing director of the Global Corporate Finance Group for Arthur Andersen in Dallas. Previously he served as a senior marketing executive for GE Capital Corporation; as a senior executive in the Corporate Finance Department for Salomon Brothers Inc.; and a banking officer with RepublicBank Dallas N.A.

Mr. Krohn is a Certified Public Accountant and earned Master of Business Administration and Bachelor of Business Administration degrees from the University of Texas at Austin.

He succeeds David M. Kane, who has left FocusWireless.com to pursue other interests.

"Mergers and acquisitions are a critical element in our strategic growth plan, and Jim brings a great deal of experience in these areas," said Michael S. Hedge, president and chief executive officer. "He will also be instrumental as we seek to strengthen the Company's financial position and to launch innovative new B2B services in the wireless marketplace. Jim adds important depth to our management team, and we're very pleased to have him on board."

FocusWireless.com offers the wireless telecom industry an e-commerce solution that provides end-to-end transaction management for the business-to-business customer base. Via a proprietary web application, the Company facilitates the sale of wireless products and offers innovative value-added services for its B2B customers, which include carriers, resellers, dealers and manufacturers. The Company intends to continue its expansion by targeting existing and emerging wireless telecom distribution channels, offering comprehensive web-based solutions that reduce the barriers to entry for companies that retail wireless telecom products. For more information on the Company, please visit its web site at www.focuswireless.com.

This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The Company's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q discusses a variety of risk factors, including changes in regulations, new technologies, system implementation difficulties, working capital shortages and increased competition. Any of these and other risk factors could cause the Company's actual results to vary materially from anticipated results or other expectations expressed in its forward-looking statements.


Contact Data