MCLEAN, Va., June 25, 2002 (PRIMEZONE) -- KnowledgeMax, Inc. (OTCBB:KWMX) is pleased to announce today the addition of Patrick W. Gross as the newest member of its board of directors.
An experienced and highly successful corporate executive, Patrick W. Gross is a founder of American Management Systems, Inc. (Nasdaq:AMSY) and until recently was Chairman of its Executive Committee. AMS, a publicly traded company with 2001 revenues of $1.1 billion, is an international business and information technology consulting firm whose customers include hundreds of Fortune 500 and major European companies, most of the 50 states, and many federal agencies. Mr. Gross served as a principal executive officer of AMS since founding the firm with four others in 1970 and earlier this month became a senior advisor to the firm.
Mr. Gross is Chairman of the Board of Baker & Taylor, Inc., a private distribution company with annual revenues of $1 billion and serves on the Boards of Directors of Capital One Financial Corporation (NYSE:COF), Computer Network Technology, Inc. (Nasdaq:CMNT) and Mobius Management Systems, Inc. (Nasdaq:MOBI).
"Pat Gross is a visionary with an extraordinary record of success as a business leader, and we're very pleased to have him join our Board," commented Lin Pearce, Chairman and CEO of KnowledgeMax. "Baker & Taylor, of which Pat is Chairman, was an early investor in KnowledgeMax, and we appreciate their continued support and involvement."
Pat Gross is active in a number of public policy and community service leadership roles, including Vice Chairman of the Council for Excellence in Government, Chairman of the World Affairs Council of Washington, D.C. (which he co-founded in 1980), and Chairman of the Committee for Economic Development Research and Policy Committee.
Before founding AMS, Mr. Gross served on the staff of the Secretary of Defense in the Office of Systems Analysis. He received a M.B.A. from Stanford University, an M.S.E. from the University of Michigan, and a B.S.E. from Rensselear Polytechnic Institute. He was selected for membership in Tau Beta Pi and Sigma Xi.
The appointment has been approved by the Board of Directors of KnowledgeMax, Inc., and is effective June 21, 2002.
About KnowledgeMax, Inc. (http://www.knowledgemax.com)
KnowledgeMax is based in McLean, Va., and trades on the OTC Bulletin Board as KWMX.OB. The company provides large organizations with eBusiness systems for purchasing knowledge and learning products and services. KnowledgeMax has developed a unique customizable "Knowledge Resource Center" which is a one-stop system for providing employees of Fortune 1000 companies with books, online courses, training videos, audio, and other knowledge and learning resources. Complementary premium services allow for the management and delivery of client-developed content and "information on demand." Some of its customers include IBM (NYSE:IBM), Accenture (NYSE:ACN), the International Society for Performance Improvement (ISPI) and the National Association of Manufacturers (NAM). KnowledgeMax also owns a minority interest in Canadian-based Chalk Media Corp.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995:
This document contains forward-looking statements that involve risks, uncertainties and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. For example, statements of expected synergies, growth and revenue opportunities, management and organizational structure are all forward-looking statements. Risks, uncertainties and assumptions include the possibility that the market for the sale of certain products and services may not develop as expected; that development of these products and services may not proceed as planned; that Sideware and KnowledgeMax are unable to transition or obtain customers, successfully execute their integration strategies, or achieve planned synergies; other risks that are described from time to time in Sideware's Securities and Exchange Commission reports (including but not limited to the annual report on Form 10-K for the year ended December 31, 2001, and subsequently filed reports). If any of these risks or uncertainties materializes or any of these assumptions prove incorrect, Sideware's results could differ materially from Sideware's expectations in these statements. For further discussion of important risk factors that may materially affect management's estimates, Sideware's or KnowledgeMax's results, and the forward-looking statements herein, please see the risk factors contained in Sideware's SEC filings. Subject company: KnowledgeMax/Sideware Systems Inc. (Exchange Act File No. 000-29974)