TORONTO, July 1, 2005 (PRIMEZONE) -- ActiveCore Technologies, Inc. (OTCBB:ATVEE), a Company that operates a group of subsidiaries and divisions in the U.S., U.K. and Canada that offer a Smart Enterprise Suite of products, is pleased to announce that Efrem Ainsley has joined the company as Chief Financial Officer. In this role, Mr. Ainsley will be responsible for overseeing finance, IT and operations, with a specific focus on ensuring the timely filing of financial reports with the Securities and Exchange Commission.
Mr. Ainsley has over 13 years of experience as a finance professional in the technology sector, with a focus on leading the financial reporting, corporate finance and compliance function for public companies.
Prior to joining ActiveCore, Efrem was Vice-President, Corporate Controller with Open Text Corporation, one of Canada's largest and most profitable software companies whose shares trade on both the Nasdaq and TSX. While at Open Text, Efrem helped lead the organization in external reporting, mergers and acquisitions, corporate finance, Sarbanes-Oxley compliance, investor relations, and tax and treasury management. Prior to joining Open Text, Efrem was Director of Finance for Cyberplex Inc, a public company and one of North America's leading technology consulting firms, where he led the day-to-day financial operations and external reporting requirements for the company. Efrem is a chartered accountant and began his career for a Big 5 accounting firm.
Mr. Ainsley stated, "In today's environment, financial reporting and compliance is of paramount concern for public companies, particularly small ones. I am excited to be bringing the experience of a recognized market leader to ActiveCore, and I look forward to implementing a mandate of timely, transparent, and responsible disclosure for our shareholders. I will make it my personal mission to ensure timely filings going forward."
ActiveCore President & CEO Peter Hamilton stated, "We are very pleased to have someone of Mr. Ainsley's caliber on the ActiveCore team. With him he brings a whole new level of sophistication and experience that will be felt throughout all facets of the Company." Further, Hamilton said, "This latest hire is evidence that ActiveCore has the ability to attract top talent and should demonstrate management's resolve to build a winning team."
This press release is available on the company's official online investor relations site for investor commentary, feedback and questions. Investors are asked to visit ActiveCore IR Hub located at http://www.Agoracom.com/IR/ActiveCore Alternatively, investors can e-mail AGORA Investor Relations directly at ATVE@Agoracom.com.
About ActiveCore Technologies, Inc. (www.ActiveCore.com)
ActiveCore Technologies, Inc., operates a group of subsidiaries and divisions in the U.S., U.K. and Canada that offer a Smart Enterprise Suite of products and services. We integrate, enable, and extend functions performed by current and legacy IT systems. Our products encompass web portals, enterprise middleware, mobile data access, data management and system migration applications. The Systems Integration & Modernization Division of ActiveCore operates under the trade names of CRATOS, MDI Solutions and TwinCentric. The Corporate Disclosure and Messaging Division of ActiveCore operates under the trade names C Comm Network Corporation, DisclosurePlus and ActiveCast. ActiveCore services clients in health care, financial services, government and manufacturing worldwide.
Statements contained in this news release regarding ActiveCore Technologies, Inc. formerly IVP Technology and planned events are forward-looking statements, subject to uncertainties and risks, many of which are beyond ActiveCore'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 ActiveCore's Registration Statement on Form SB-2 filed with the Securities and Exchange Commission on January 4, 2005. 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.