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DWLD Davis Select Worldwide

33.6822
-0.3578 (-1.05%)
07 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Davis Select Worldwide AMEX:DWLD AMEX Exchange Traded Fund
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  -0.3578 -1.05% 33.6822 33.93 33.545 33.93 14,664 21:15:01

DataWorld Solutions, Inc. Appoints Philip J. Rauch as its Chief Operating Officer

09/02/2004 6:34pm

PR Newswire (US)


Davis Select Worldwide (AMEX:DWLD)
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DataWorld Solutions, Inc. Appoints Philip J. Rauch as its Chief Operating Officer Company Expands Management Team to Support Growth HAUPPAUGE, N.Y., Feb. 9 /PRNewswire-FirstCall/ -- DataWorld Solutions, Inc., (PinkSheets: DWLD), announced today thatit has appointed Philip J. Rauch to the position of Chief Operating Officer, effective immediately. In this role, Mr. Rauch is expected to help the Company expand its cable and defense products operations. Prior to joining DataWorld, he was Vice President and Controller, and Vice President of Business Operations of AboveNet, Inc. (formerly Metromedia Fiber Network, Inc.), an international network infrastructure services provider with facilities in over a dozen US cities, Europe and Asia. "Our strategy to position the Company for growth by hiring experienced executives with industry experience is well served by Phil's appointment as our COO," said Daniel McPhee, CEO of DataWorld Solutions, Inc. "His corporate, financial and operating experience in the telecommunications, construction and Internet industries will be invaluable in helping us to grow each of our business units." "I look forward to working with the DataWorld senior management team and the DWS Advisory Board to enable the Company to assume its place as an industry leader in both the cable assembly and defense products business," said Mr. Rauch. "We are well positioned for rapid growth and my diverse experience in business operations, strategic and financial planning, has prepared me to enhance the operations of the Company." While at AboveNet, Mr. Rauch was responsible for business operations, sales support, product pricing, and contract administration, where he negotiated contracts representing over $2.5 billion in revenue. He received the 2000 "Achievers Club" and the 1999 "Outstanding Performance" awards from the Company in recognition of his contributions to the organization. Mr. Rauch began his career at AboveNet as the Director of Business Planning where he worked on the Company's Initial Public Offering and subsequent high-yield debt offering. Mr. Rauch has also held positions as Vice President, Controller of Columbus Construction, a heavy construction company with several plant facilities, as well as Vice President and Chief Financial Officer of F. Garofalo Electric Co., a Local 3 IBEW engineering and construction company. Mr. Rauch earned a Bachelor of Science in Economics degree from the University of Pennsylvania Wharton School of Business, with a concentration in finance and accounting. He also earned a certificate in Construction Management from the Institute of Design and Construction in New York. A long-standing resident of Long Island, Mr. Rauch is a member of the American Management Association and the Construction Financial Management Association. About DataWorld Solutions, Inc. DataWorld Solutions, Inc. is a multi-regional manufacturer of electronic cable assemblies used in providing connectivity solutions for customers operating a wide range of data systems to include linking or connecting standard or proprietary electronic devices and peripheral components from different vendors to provide solutions for various customer equipment configurations and requirements. DataWorld adds value by providing connectivity solutions, which may include distributed sales for passive components such as electronic connectors, electronic wire and cable, cabinets and racks and patch panels, and active components including hubs, bridges, routers, gateways and modems. DataWorld encourages customers to discuss their unique cabling requirements with its experienced sales/marketing support team so that cost-effective solutions can be provided for customer specific needs. About DWS Defense Systems, Inc. DWS Defense Systems, Inc., a wholly owned subsidiary of DataWorld Solutions, Inc., was created in response to the growing security concerns expressed by the clients of DataWorld. In reaction to acts of domestic and international terrorism, businesses are searching for better ways to protect their buildings, and more importantly, to better protect the people who work in or visit these locations. DWS will offer one such solution -- high quality, state of the art safety/security glass product applications and associated security systems. The highly skilled DWS Defense Systems in-house team working in collaboration with its strategic teaming partners will design, develop, manufacture, install and market specialty products, equipment, and systems for the safety and security needs of all sectors of the domestic and international marketplace. Except for historical matter, the matters in this press release are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements reflect assumptions, and involve risks and uncertainties, which might affect DataWorld's business and prospects and cause actual results to differ materially from these forward-looking statements, which are detailed in DataWorld's public filings with the SEC. For more information on DataWorld Solutions, Inc. visit: http://www.dwsdefense.com/ and http://www.dataworlddirect.com/ DATASOURCE: DataWorld Solutions, Inc., CONTACT: Sue Fitzpatrick for DataWorld Solutions, Inc., +1-631-342-7567, Web site: http://www.dataworlddirect.com/ http://www.dwsdefense.com/

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