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Spescom Software Appoints New Chairman
SAN DIEGO, Nov. 17 /PRNewswire-FirstCall/ -- Spescom Software Inc. (OTC:SPCO)
(BULLETIN BOARD: SPCO) , a leading provider of enterprise content and
configuration management (ECM) solutions today announced the appointment of
Michael Silverman as chairman of the board of the company effective November
17, 2004.
Mr. Silverman has been a board member since April 2004. He is a Chartered
Accountant and has an M.B.A. from Stanford University. He has had extensive
experience in the software industry and is currently the chairman of Island
Pacific (AMEX:IPI), a software company. He founded Advanced Remote
Communication Solutions, Inc. (formerly known as Boatracs, Inc.) in 1990. He
served as its Chairman until May 2002, and as Chief Executive Officer and
President until October 1997, and again from November 1999 to May 2002. Mr.
Silverman previously was the chairman and chief executive officer of the Sussex
Group of Companies, which included Huffman-Koos, Barker Bros., and Colby's.
"I am excited about the future of the company and see significant market
opportunities for its innovative information management solutions," commented
Michael Silverman. "Since my involvement with the company earlier this year I
have been impressed with the progress made by the management team and look
forward to assisting in guiding the company on its strategy to grow and
increase shareholder value."
"We are very pleased that Michael has accepted the role of chairman of the
board," commented Carl Mostert, CEO of Spescom Software. "His extensive
business experience and knowledge will be a great help in guiding the company
to move ahead and achieve its growth objectives, as well as assisting us in
conforming to increasingly stringent Corporate Governance demands."
About Spescom Software Inc.
Spescom Software (OTC:SPCO) (BULLETIN BOARD: SPCO) delivers information
management solutions that capture, manage and control all enterprise content in
large-scale computing and networked systems in a broad range of businesses and
industries. Spescom's solutions provide uniquely clear information to users,
delivered in context to the various assets, products and processes that the
information relates to, resulting in improved customer satisfaction, higher
productivity and increased levels of safety and data security. Spescom
achieves this through its tightly integrated suite of document, configuration
and records management technologies, combined with a powerful workflow
capability. Our solutions enable the identification of all critical enterprise
information, the effective management of information change and other business
processes, as well as the maintenance of records to ensure regulatory
compliance. Key customers include Constellation Energy, Continental Express,
AmerenUE, the Cities of Las Vegas, Nev., and Dayton, Oh. Lloyds Register,
United Space Alliance, Entergy, Northeast Utilities, London Underground,
Network Rail and many others. For more information, visit
http://www.spescomsoftware.com/.
Cautionary Language
Except for historical information contained herein, the matters set forth in
this release include forward-looking statements that are dependent on certain
risks and uncertainties, including such factors, among others, as market
acceptance, market demand, pricing, changing regulatory environment, the effect
of the company's accounting policies, potential seasonality and other risk
factors detailed in the company's SEC filings.
Company Contacts:
Carl Mostert, CEO
Spescom Software Inc.
(858) 625-3000
John Low, CFO
Spescom Software Inc.
(858) 625-3000
DATASOURCE: Spescom Software Inc.
CONTACT: Carl Mostert, CEO, or John Low, CFO, both of Spescom Software
Inc., +1-858-625-3000
Web site: http://www.spescomsoftware.com/