NEWS !!!!!!!2/15/00 - Millennium Announces New Senior Appointment
The Millennium Network Corporation is pleased to announce the appointment of Mr. Renato A. Cavaliere, CGA as the Secretary of the Corporation to replace Mr. Phil Jakobson, who has left the company. The appointment is effective immediately.
Further to his responsibilities as the Secretary of the public company, Mr. Cavaliere is President & Chief Operating Officer of Lyco Logistics 2000 Inc., a wholly owned subsidiary of Millennium. In addition to being accredited with a professional accounting designation (CGA), Mr. Cavaliere has been involved with major systems implementations, company turnaround situations and organisational restructuring of companies. He is also the chief architect behind Lyco's proprietary integration software and has over 10 years of senior management experience in distribution companies. Past assignments include Corporate Controller of the Bacchus Group Wine Merchants and Branch Manager for British Columbia for Saputo Cheese. "Mr. Cavaliere's appointment to the public company reflects the increased emphasis our distribution facility will play in our overall corporate strategy," says Bernie Lauser, President & CEO of Millennium. As an integrated e-commerce company, Millennium's distribution arm focuses on providing 3PL (third party logistics) to traditional and online e-commerce companies with emphasis on reducing both distribution costs and the time associated between online order entry and shipment of the product to the customer. In a research report titled "Mastering Commerce Logistics" Forrester Research stated that demand for order fulfillment solutions will re-shape the existing landscape as logistics suppliers evolve to serve the small-package, individual oriented needs of commerce site operators. "It is gratifying to note that our existing business model is validated by independent research firms," says Renato Cavaliere. "While many companies are talking about it, our company with its pick & pack technology especially suited for internet e-tailers, is already there. We can assist internet e-tailers with separating themselves from the competition by helping them with timely and expedient order processing as well as providing them with additional margin towards their own profitability." - 30 -
For more information: Jim Kootnekoff, Manager Investor Relations Phone: (604) 649-9399 or toll-free 1-877-387-5526 Fax: (403) 235-6595 E-mail: investor@wowya.com