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ITO Intechnology

24.00
0.00 (0.00%)
17 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Intechnology LSE:ITO London Ordinary Share GB0001388932 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 24.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Appointment of Non-Exec Direc

05/12/2000 7:01am

UK Regulatory


RNS Number:2252V
InTechnology PLC
5 December 2000


                    INTECHNOLOGY PLC
                            
  JOE MCNALLY, CHAIRMAN OF COMPAQ COMPUTER LTD, UK AND
        IRELAND, APPOINTED NON-EXECUTIVE DIRECTOR
                            
InTechnology  plc, ("InTechnology") the  data  technology
services  company,  announces  the  appointment  of   Joe
McNally, Chairman of Compaq Computer Ltd, UK and Ireland,
as a Non-Executive Director with immediate effect.

Joe  McNally (aged 58) founded Compaq UK and  Ireland  in
1984  and as managing director, he successfully developed
the first Compaq subsidiary outside the US to generate #1
billion of sales. He was appointed Chairman of Compaq  UK
and Ireland in July 2000.

Prior  to  founding Compaq UK and Ireland, Joe was  Chief
Executive Designate of FMC Harris plc, from 1979 to 1983.
He  is currently the non-Executive Chairman of Woodgrange
Technologies Limited, Dublin.

Lord Parkinson, Chairman, InTechnology plc, said:

"Joe   McNally   brings   a  wealth   of   knowledge   to
InTechnology.  His  experience of managing  fast  growing
companies  will be of great benefit to us. The  extensive
contacts he has within the computer reseller channel will
help  us  to  further cement our excellent  relationships
with  these organisations, putting our development  plans
for Europe in a uniquely strong position."

For further information, please contact:
Mark Way
Bell Pottinger Financial
020 7353 9203



About InTechnology plc

*    InTechnology  was  floated  in  March  2000  on  the
Alternative Investment Market ("AIM") of the London Stock
Exchange

* On July 24, 2000, InTechnology acquired HOLF and Vdata,
the data technology services companies for #39m and #126m
respectively

*  From July 24 until September 30 2000, InTechnolgy made
a  pre-tax profit, before goodwill, of #1.5 million  with
revenues of #29.9 million

*  InTechnology,  via SSS (formerly  HOLF)   has  special
relationships with the world's leading manufacturers  and
resellers  of  network solution products, known  as  "the
Channel".

*  The  relationships with the Channel  partners  provide
InTechnology with a unique opportunity to also  sell  its
data management services, VBAK and AIP

*  VBAK, via its automated online data backup and restore
services  for computer networks, is benefiting  from  the
significant growth in online utility computing.



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