nStor Strengthens Executive Management Team With the Addition of Strong Sales Veteran
October 19 2004 - 9:01AM
PR Newswire (US)
nStor Strengthens Executive Management Team With the Addition of
Strong Sales Veteran Vice President of Sales Bolsters Aggressive
Corporate Growth Strategies CARLSBAD, Calif., Oct. 19
/PRNewswire-FirstCall/ -- nStor Corporation, a subsidiary of nStor
Technologies, Inc. (AMEX:NSO) and an innovative developer of
storage-network solutions, has strengthened its management team
with the addition of a storage industry veteran. Matt Szydlowski
brings more than 20 years of relevant industry experience to his
position as nStor's vice president of sales. In this role, he will
be instrumental in expanding the company's OEM channel strategy
while supporting continued channel growth involving leading storage
solutions providers. Prior to joining nStor, Szydlowski served as a
key member of Cisco's global sales operations team, spearheading
business development and channel marketing for the company's MDS
Fibre Channel switch product. During his 20-year technology career,
Szydlowski has held a series of high-level positions with industry
leaders, including EMC, Hitachi and IBM. According to Todd Gresham,
nStor president and CEO, the latest addition to the management team
will reinforce the company's ability to meet the burgeoning storage
requirements of small and mid-sized businesses. "Matt has a strong
track record of success in creating and implementing highly
effective sales operations," he said. "We are extremely pleased to
have him join our organization and reinforce our delivery of
high-availability, next-generation Fibre Channel and SATA storage
solutions tailored for the small-to-mid-range markets." In related
news, Steve Aleshire has resigned his position as chief operating
officer while becoming a member of the company's board of advisors.
During his tenure, Aleshire made substantial contributions to the
company, including the implementation of several cost reduction
programs and vital customer service initiatives. Under Steve's
guidance, nStor has implemented numerous processes to ensure
continued cost reduction efforts, improved focus on service
quality, and manufacturing excellence. "We are thrilled that Steve
will continue to provide leadership and strategic insight as a
pivotal member of our advisory board," added Gresham. "We are
confident that our expanded management team and new advisory board
will elevate nStor to the next level of business success." About
nStor Corporation, Inc. Headquartered in Carlsbad, Calif., nStor is
a wholly owned subsidiary of nStor Technologies, Inc. (AMEX:NSO)
and developer of data storage solutions that are ideally suited for
both large enterprises as well as small to mid-sized businesses.
The Company's flagship controller technology and StorView software
form the foundation for the NexStor family of turnkey solutions
that support Microsoft Windows, Linux, UNIX and Macintosh operating
environments. Designed for storage-intensive environments and
mission-critical applications, nStor's products are offered in
various architectures including Fibre Channel, SCSI and SATA and
are focused on addressing customers' business needs and
applications. The Company markets its storage solutions through a
global network of OEM partners and systems integrators. For more
information, visit http://www.nstor.com/. This press release
includes statements that may constitute "forward-looking"
statements, usually containing the words "believe," "estimated,"
"project," "expect," "anticipate," or similar expressions. These
statements are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements inherently involve risks and uncertainties that could
cause actual results to differ materially from the forward-looking
statements. Factors that would cause or contribute to such
differences include, but are not limited to, the Company's
inability to increase sales to current customers and to expand its
customer base, continued acceptance of the Company's products in
the marketplace, the Company's inability to improve the gross
margin on its products, competitive factors, dependence upon
third-party vendors, outcome of litigation, insufficient funding
and other risks detailed in the Company's periodic report filings
with the Securities and Exchange Commission. By making these
forward-looking statements, the Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release. nStor and StorView are registered trademarks of nStor
Technologies, Inc. DATASOURCE: nStor Technologies, Inc. CONTACT:
Veena Raman of nStor Corporation, Inc., +1-760-683-2500, ; or Sue
Hetzel of HetzelMeade Communications, +1-760-434-9927, , for nStor
Technologies Web site: http://www.nstor.com/
Copyright
Nstor (AMEX:NSO)
Historical Stock Chart
From Feb 2025 to Mar 2025
Nstor (AMEX:NSO)
Historical Stock Chart
From Mar 2024 to Mar 2025