HOUSTON, Texas, Dec. 17, 2002 (PRIMEZONE) -- Crescent Communications Inc. (OTCBB:CCES), a leading value added network (VAN), has named Michael McDonald chief financial officer, announces Crescent Chief Executive Officer Manfred Sternberg.
As CFO, McDonald will manage operating and accounting processes to accommodate Crescent growth. His efforts will support the company's quest to build its BLUEGATE(TM) health care division.
"We look forward to a future of prosperity for Crescent and BLUEGATE," Sternberg said. "Mike's vision, experience and responsibility match our goals."
Before joining Crescent, McDonald served 10 years as chief operating officer for Harris County Medical Society, Medserv Inc., the country's largest county medical society.
While with HCMS, he supervised a staff and served the physicians' group. Also McDonald gained experience as interim manager at Baylor College of Medicine and as Member of Pinnacle Worldwide with offices in the USA, Canada, Mexico, South America, Europe and Asia as well as business manager for physicians and an imaging center in the Houston area.
Majoring in business administration and accounting, minoring in chemistry and economics, McDonald graduated in 1976 with a Bachelor of Science from Wayland Baptist College, Plainview, Texas.
BLUEGATE will provide a cost-effective, efficient way for hospitals, large clinics, regional laboratories and health plans to transmit confidential patient records, documents, and other information safely across the Internet to physicians and patients. BLUEGATE was conceived to give the medical community sound, secure technology that meets emerging requirements from the Health Information Portability and Accountability Act of 1996 (HIPAA).
HIPAA, passed by U.S. Congress, mandates that the entire U.S. health care industry process all health care information, including billing and record storage, through a secure data interchange beginning on April 14, 2003.
Based in Houston, Crescent Communications provides a VAN focused on small-business and enterprise-level market segments. Crescent builds industry-specific, end-to-end solutions for such vertical markets as medical, high-end graphics and printing, legal and financial. Using several regional and national carriers, Crescent offers wireless, digital subscriber line (DSL) and traditional communication technologies. Crescent delivers virtual private networks (VPNs), application and Web hosting services, as well as managed firewall services from its MPLS core fiber backbone network.
For more information, visit http://www.crescentb.com.
Contained within are "forward-looking statements" consistent with the meaning of Section 27a of the Securities Acts of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct.
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