NEWPORT BEACH, Calif., Feb. 25, 2005 (PRIMEZONE) -- ProVision Operation Systems Inc. (Pink Sheets:PVNO) today announced the appointment of a new president and CEO. Effective Feb. 21, 2005, the new president and CEO is Hassan (Sam) Kassir. In his position as president and CEO, Kassir will oversee the day-to-day operations, expand sales and marketing and guide the business and financial planning and development of the company.
Robert Fletcher, ProVision's previous chairman, president, CEO and co-founder will continue to serve as the company's chairman. Fletcher is transitioning the president and CEO responsibility to Kassir to increase the depth of professional resources available to the company and to manage company growth. This transition will allow Fletcher to focus on company leadership, vision and generating new market opportunities.
"Having worked closely with Sam for the past five months I believe he is the best choice to take over the helm as president and CEO," said Fletcher.
"Sam's mandate is to develop company management and focus on growing and expanding company revenue streams," Fletcher added.
"I believe ProVision's market opportunities are very promising," stated Kassir.
"ProVision's ability to develop local, franchised seminars and offer them to homeowners, business owners and investors is revolutionary. These seminars offer a post Internet model of information management, knowledge development and market wisdom creation," said Kassir.
About ProVision Operation Systems, Inc.
ProVision is a development-stage company with several subsidiaries that are involved in the development of franchised real estate, investor and business ownership seminars, check cashing stores, land and mineral assets, property management and yachting.
About Sam Kassir
Kassir has been the lead consultant on ProVision business planning and development since September 2004. Prior to his consulting work for the company, Kassir served four years as chairman and CEO of eLocal Network Inc. He was chairman and co-founder of LiTV Network. At eLocal and LiTV, Kassir worked on infrastructure technology development with Microsoft, AT&T Broadband, Motorola, Liberate, Cox, OpenTV, Bell Canada and British Telecom. Kassir has over five years in education technology development and over 10 years in direct and database marketing with Fortune 1000 companies. Kassir brings more than 25 years of business experience and his disciplined fiscal management style to ProVision. Kassir earned a doctorate in sociology and was advanced to candidacy at University of California, Irvine with focus on Sociology of Technology: American Business Settings. Kassir also holds a master's degree in Comparative American Culture and a bachelor's degree in Economics from UC, Irvine.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, when used in the preceding discussion, the words "believe," "expects," "projects," "forecasts," "intends," "will," "anticipated," "could," "may" and similar conditional expressions are intended to identify forward-looking statements within the meaning of the act and subject to the safe harbor created by the act. Except for historical information, all of the statements contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties.
HTML: http://newsroom.eworldwire.com/wr/022505/11519.htm
PDF: http://newsroom.eworldwire.com/pdf/022505/11519.pdf
ONLINE NEWSROOM: http://newsroom.eworldwire.com/306090.htm