NexiaSoft, Inc.: Michael Meinberg Appointed as CEO of OrderSuite, Inc.
2006-10-02 08:30 ET - News Release
SAN FRANCISCO, CA -- (MARKET WIRE) -- 10/02/06
NexiaSoft, Inc. (PINKSHEETS: NXSF), a holding company which invests in convergent e-commerce technology companies, announced today that it has appointed Michael Meinberg as CEO of OrderSuite, Inc., a wholly owned subsidiary of NexiaSoft.
As CEO of OrderSuite, Mr. Meinberg assumes the primary role and responsibility of expanding revenue growth and enhancement of the OrderSuite product.
"We are pleased that Mr. Meinberg has accepted the position of CEO. Michael Meinberg brings to OrderSuite a wealth of domain expertise from his 16 years of work in the Direct-to-Consumer software industry," stated Kevin Owens, CEO of NexiaSoft, Inc. "We are confident that Michael will be instrumental in guiding the growth of this subsidiary."
"I am very excited to take on this new role with OrderSuite, Inc.," stated Michael Meinberg, CEO of OrderSuite, Inc. "I am confident that the support that will come through our relationship with NexiaSoft will enable us to take the OrderSuite product to new levels. This, in turn, will enable us to enter into new areas of the market where unique business opportunities exist."
OrderSuite, Inc. introduced its leading software product, OrderSuite, in 2004. This proprietary software is an order management application for small-to-medium sized businesses. OrderSuite is instrumental in helping catalog, mail and direct marketers succeed through its powerful OrderSuite software, range of customization services, and personalized customer service. The core of OrderSuite's customer base is on-line businesses that need to process and manage web-based sales.
NexiaSoft recently commenced trading on the Over-The-Counter Pink Sheets market under the symbol: NXSF and is a holding company that invests in convergent e-commerce technology companies. Companies with disruptive technology in the area of wireless, open-source, and security are particularly of interest. Through targeted investments in such companies, NexiaSoft will continue to provide a compounding effect to the overall value of their portfolio.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are "forward-looking statements" are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties or other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as: the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels.
All information in this release is as of the date of this release. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.
Contact: Brigand Balleau Vice President Marketing bballeau*Nexiasoft.com
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