Spescom Software Appoints New Chairman
November 17 2004 - 7:00AM
PR Newswire (US)
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/
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