ALEXANDRIA, Va., August 3, 2000 (PRIMEZONE) - COMTEX News Network, Inc. (OTCBB:CMTX) today announced the appointment of two online news industry experts: Dave Lewis as Director, Systems Development and Ulrike Porat as Director, Content Acquisitions (West Coast and International). COMTEX, a leading business-to-business infomediary, distributes real-time news from top global news sources to companies worldwide.
Dave Lewis comes to COMTEX with more than 20 years IT experience. Prior to joining COMTEX, Lewis was a Senior System Architect for S1 Corporation. He has served in an architect capacity for the last seven years at companies such as Novartis, Inc. and Ceridian Corporation.
Ulrike Porat joins COMTEX from Creative Labs where she served as Associate Director of Multimedia. Previously, Porat worked with World Reporter and Apple Computer, leading their business development practices. Porat also spent six years at Knight Ridder working in a variety of management and sales positions.
"To remain a successful, growing company, COMTEX will continue to build partnerships, improve current service offerings and expand into new markets," said COMTEX' President and CEO Charles Terry. "We have hired a number of outstanding professionals over the past months and plan to continue hiring the best in the business as our company grows. The addition of knowledgeable professionals such as Dave and Ulrike give us a competitive edge and will help us remain the most innovative player in our industry."
About COMTEX News Network, Inc.
COMTEX News Network, Inc. (OTCBB:CMTX) is a full service, business-to-business infomediary that aggregates and redistributes diverse, real-time global news and information for the Internet, Wall Street and corporate reseller markets. COMTEX' innovative technology gathers nearly 20,000 stories a day from over 1,400 diverse, global sources to create its subject-specific, value-added headline and vertical-market news products for distribution to over 750 companies throughout the world, reaching millions of end users. COMTEX' products include CustomWires(r), Newsroom Enhanced Products, Newsroom Direct, Publisher Full-Feeds and Processing Services. Select publishers include Africa News Service, The Associated Press, Business Wire, Bridge Information Systems, Internet Wire, Knight Ridder/Tribune, Newsbytes, ON24, South American Business Information, The Sports Network, UPI and Xinhua. Located in Alexandria, VA, COMTEX can be found on the World Wide Web at http://www.comtexnews.net.
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Except for the historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those contemplated herein, including the occurrence of unanticipated events or circumstances relating to the fact that COMTEX is in a highly competitive industry subject to rapid technological, product and price changes. Other factors include the possibility that demand for the company's products may not occur or continue at sufficient levels, changing global economic and competitive conditions, technological and other risks, costs and delays associated with the start-up and operation of major capital projects, changing governmental regulations and other risks and uncertainties, including those detailed in the company's filings with the Securities and Exchange Commission. COMTEX undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.