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Tuesday,
February 22, 2000 08:04 AM
Company Press Release
Pierce
International Names Bryan D. Forman to Lead the Fiber Optic
& Wireless Communications Division
IUKA,
Miss.--(BUSINESS WIRE)--Feb. 22, 2000--The Board of Directors
of Pierce International (OTC BB:PRCI), announced today that
Bryan D. Forman was elected to be the Chief Operating Officer
of the Company's new Fiber Optic & Wireless Communications
Division, North American InfoTech.
Pierce
is an information technology company with a strong emphasis
in Wireless and Fiber Optic Technology, Internet Service,
Network Support Services, and Remote Critical Data Storage.
The Company is expanding and upgrading its Mississippi facility
to accommodate increased communications bandwidth capabilities
through fiber optics and wireless technology.
Mr.
Forman joins the executive staff of Pierce International and
will head up the Division responsible for all aspects of the
construction and operation of the North American Fiber Optic
Network. He has 37 years of Telecommunication experience in
both broadband and wireless technologies. Mr. Forman comes
to Pierce from Qwest International, where he spent 19 years
as Vice President and General Manager responsible for Qwest
Transmission Inc. Prior to Qwest, Mr. Forman had broad telecommunication
experience with Illinois Bell, Collins Radio, Brown &
Root, MCI, and Davis & Associates Consulting. "We
plan to build a highly experienced staff from the associates
I have worked with throughout this industry over the years.
This Division's management will have the technical and business
skills needed to succussfully implement and service this competitive
high growth market." Mr. Forman indicated that several
key management positions have already been filled.
"We
are excited to have a gentleman with Mr. Forman's qualifications
join our executive staff," stated Robert R. Crawford,
President of Pierce. "His experience in broadband and
wireless technology will be instrumental in establishing and
leading our Fiber Optic Network business. The Fiber Optic
Division will be located in Northeast Mississippi at the Tri-State
Commerce Park and will initially support the tri-state region
of Mississippi, Tennessee & Alabama."
Safe
Harbor Statement
Statements
in this release express management's beliefs and expectations
regarding future performance. These statements are forward-looking
and involve risk and uncertainties, including, but not limited
to , the ability to negotiate venture agreements, properly
identify acquisition partners, manage and integrate acquired
businesses, react to quarterly fluctuation in results, raise
working capital and secure other financing, respond to competition
and other rapidly expanding technology, deal with market and
stock price fluctuation, and other risks. These risks are
and will be detailed, from time to time, in Pierce's Securities
and Exchange Commission filings, including Form 10KSB for
year ending June 30, 1999, Form 8K dated January 4, 2000,
and subsequent Forms yet to be filed.
Actual results may differ materially from management's expectations.
Contact: Pierce
International, Iuka
Investor
Relations, 662-424-5030
Quote for reference ticker symbols: PRCI
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