NEW YORK, March 17, 2004 (PRIMEZONE) -- Exus Global, Inc. (OTCBB:EXGO) today announced that John C Baird has been added to the Company's Board of Directors and Investment Committee.
Mr. Baird is an internationally-seasoned business leader, technologist, speaker, and entrepreneur with experience in numerous industries for both public and private companies. As a founder he has served as Chairman and CEO of Pentagen Technologies International Limited, President of BCC Middle East, President of Cerametals, Inc., President and CEO of Baird Communications Corporation, President of First Shanghai Corporation, and Chairman of China Development Corporation. He has also served as Manager, Private Funds Group in the Investment Banking Division for Credit Suisse First Boston, and Regional Manager and Director, Market Development Division of the American Stock Exchange. Mr. Baird began his career on Wall Street as an Associate on the block desk with Arthur Lipper Corporation and then in institutional sales with Dean Witter (Morgan Stanley).
In addition to his extensive management and leadership experience, Mr. Baird has participated in the development, design and implementation of information and other technology solutions for companies including AT&T, American Express, Paine Webber, and Ameritech, as well as entities ranging from the City of New York to the United States Army and the Kingdom of Jordan.
Mr. Baird's experience in private equity, finance, information systems, and marketing provides within one resource a strong synergistic capability.
"The type of experience, leadership and strategic vision that John Baird brings to the Company's Board and Investment Committee will be critical as Exus moves forward as an investment holding company. His extensive background in management, finance and strategic planning will provide critical expertise in evaluating potential acquisitions and executing investments to add to our portfolio," commented Ike Sutton, CEO of Exus Global, Inc.
"The Company looks forward to strong leadership from its Board as it helps to expand business opportunities for its two existing subsidiaries and adds additional portfolio investments to build value for its shareholders," Mr. Sutton added.
About the Company
Exus Global, Inc. has filed an election to become a Business Development Company, pursuant to Section 54 of the Investment Company Act of 1940. The Company's core focus will be to invest in synergistic businesses in the area of Distant Education, delivered via a combined satellite and terrestrially based network in order to build to build capital appreciation and shareholder value in Exus Global's investment portfolio. Through its subsidiary E-Education Network, Inc., Exus offers the first prepaid Smart EducationCard(TM) to students worldwide. E Education Network is also developing Educational Internet Centers (EENICs) in emerging markets to provide Internet access and educational resources. Exus Global's other subsidiary, AGI Partners Ltd., is a business consulting company that will provide a number of services to client companies.
All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of Exus Global, Inc. are forward-looking statements. Such statements are necessarily subject to risks and uncertainties, some of which are significant in scope and nature beyond Exus Global, Inc.'s control. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Actual results may differ materially depending on many factors, including those described above. Exus Global, Inc. cautions that historical results are not necessarily indicative of the future performance.