ActiveCore Announces Management Change
July 21 2004 - 10:49AM
PR Newswire (US)
ActiveCore Announces Management Change TORONTO, July 21
/PRNewswire-FirstCall/ -- IVP Technology Corporation, d.b.a.
ActiveCore Technologies, Inc., (OTC:TALL) (BULLETIN BOARD: TALL)
announced today that Mr. Peter Hamilton has assumed the duties of
CEO effective today. In making the announcement Mr. Brian
MacDonald, Chairman of ActiveCore, said "Mr. Hamilton has served as
President and COO for the past two years and has been a key player
in shaping the company's product and service offerings. In addition
Mr. Hamilton has played a central role in the company's acquisition
strategy. Having guided the company into completing several
strategic acquisitions this year, Mr. Hamilton will now focus on
the integration and amalgamation of the products, services and
facilities of the expanding organization. This new management
structure will also foster faster organic growth and position the
company to rapidly assimilate planned acquisitions. In addition the
change in Mr. Hamilton's role from President to CEO will allow the
company greater latitude to make additional changes at divisional
levels in the future which we perceive as necessary to optimize
revenue and profit from our operations." Mr. Hamilton stated "I am
very excited by our current and planned portfolio of products and
services as well as our geographical reach. My expanded
responsibilities will allow the company to optimize revenue and
profit from all areas of the business. We want to reiterate our
guidance for the full fiscal year of 2004 of an e.p.s of
approximately ($0.01) for the full year based on current shares
outstanding." Mr. Brian MacDonald will continue as Chairman of the
Board and focus on compliance and financial reporting while Mr.
Hamilton will concentrate on maximizing profitability. Mr. John
Choy, newly appointed CFO will report directly to Mr. MacDonald to
ensure timely and accurate reporting. The separation of the
Chairman and CEO roles also recognizes the need to service our
shareholders with a more dedicated investor relations program,
which Mr. MacDonald will begin to implement immediately. Mr.
MacDonald stated "I am very pleased that Mr. Hamilton has accepted
the role of CEO as it will allow us to leverage our core strengths
to better meet our company objectives of rapid growth while
building shareholder value." About ActiveCore Technologies, Inc.
IVP Technology Corporation, d.b.a. ActiveCore Technologies, Inc.
develops, sells and implements its own "Smart Enterprise" suite of
products. These products consist of web portal, enterprise and
mobile components and applications which give organizations of all
sizes the capability to "integrate, enable and extend" back office
systems to connect to customers and stakeholders. ActiveCore also
operates under the trade name MDI Solutions, C Comm Communications
Inc. and Twincentric Limited. In combination ActiveCore is able to
service clients around the world with any type of IT
infrastructure. For information about ActiveCore contact Brian
MacDonald at (416) 252-6200. Detailed information about ActiveCore
can be found on the website http://www.activecore.com/ and its
sister sites http://www.twincentric.com/ and
http://www.mdisolutions.com/. Statements contained in this news
release regarding IVP Technology and planned events are
forward-looking statements, subject to uncertainties and risks,
many of which are beyond IVP Technology's control, including, but
not limited to, reliance on key markets, suppliers, and products,
currency fluctuations, dependence on key personnel and trade
restrictions, each of which may be impacted, among other things, by
economic, competitive or regulatory conditions. These and other
applicable risks are summarized under the caption "Risk Factors" in
IVP Technology's Registration Statement on Form SB-2 filed with the
Securities and Exchange Commission on December 24, 2003.
Forward-looking statements by their nature involve substantial
risks and uncertainties. As a result, actual results may differ
materially depending on many factors, including those described
above. DATASOURCE: IVP Technology Corporation CONTACT: Brian
MacDonald, ActiveCore, +1-416-252-6200 Web site:
http://www.activecore.com/ http://www.twincentric.com/
http://www.mdisolutions.com/
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