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Tuesday
March 7, 11:01 am Eastern Time
Company Press Release
Pierce
International Names Jerry Buuck to Head Sales for Its Newly
Formed Subsidiary North American InfoTech, LLC
IUKA, Miss.--(BUSINESS WIRE)--March 7, 2000--Pierce International,
Inc.(OTC BB: PRCI) announced today that it had formed a new
subsidiary company, North American InfoTech, LLC, (NAIT) to
build and develop a fiber optic and wireless network throughout
the South. The new company will focus on providing a broad
line of telephonic and internet services to the communities
and industries located along its proposed fiber optic and
wireless communications route.
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 bandwidth requirements of
the marketplace through developing fiber optics and wireless
technology.
Brian Forman, the newly appointed President and Chief Operating
Officer of NAIT announced the appointment of Jerry Buuck as
Vice President of Sales and Marketing. Mr. Buuck joins the
executive staff of NAIT and PRCI and will head the marketing
of broad band and wireless. He has 20 years of Telecommunication
market experience in both broadband and wireless technologies.
Jerry comes to Pierce from Qwest International, where he spent
5 years directing business and product development. Prior
to Qwest, Jerry had broad telecommunication experience with
Sprint and General Telephone of Indiana. Mr. Buuck emphasized,
``We plan to capitalize on the highly experienced staff we
are putting together. The management will have the technical
and business skills to implement our business strategies to
cost effectively service the telecommunications and e-commerce
B2B and B2C market in the South.''
``We are excited to have a Jerry Buuck join our executive
staff,'' stated Robert R. Crawford, President of Pierce. "His
marketing and business development experience in broad bandwidth
sales to the telecommunication industry and the general market
will be a prime factor in establishing our market presence
in the Fiber Optic Network business.`` NAIT 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. These
risks include, 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 capitol 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
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