HOUSTON, Jan. 23, 2003 (PRIMEZONE) -- Crescent Communications Inc. (OTCBB:CCES), a leading value added network (VAN), has named David Loeschner executive vice president, announces Crescent Chief Executive Officer Manfred Sternberg.
Loeschner will manage all sales efforts and day-to-day operations to support Crescent growth. His work will support the company's quest to build its BLUEGATE(tm) health care division.
"We look forward to developing BLUEGATE and reinforcing our Crescent operating platform," Sternberg says. "David's proven leadership, experience and responsibility are invaluable to our company."
Before joining Crescent, Loeschner received a bachelor of science degree in engineering from the United States Military Academy at West Point and a masters in business administration from Websters College. He served in the field artillery branch of the U.S. Army -- first as a commander of a basic training unit, then as a field artillery battery in Korea.
With more than 20 years of corporate and sales management experience, Loeschner has helped companies grow sales significantly in short periods of time.
His most recent experience was with BP Microsystems, an electronics manufacturer. When Loeschner began with the company, it had 20 employees and $2 million in annual revenue. Under his leadership, the company grew, in fewer than 5 years, to almost 200 people and $47 million in revenue. BP Microsystems was named to the Inc. 500, an honor given to the fastest-growing private companies in the United States, and a record seven times to The Houston 100(r), a similar tribute to Houston companies.
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. 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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