ADDISON, Texas, Aug. 22, 2006 (PRIMEZONE) -- Stronghold Technologies, Inc. (OTCBB:SGHT), the developer of DealerAdvance(tm), an enterprise CRM application that leverages the Internet for the automotive retail industry, today announced that Chris Carey has resigned as CEO (effective 8/14/06) and has been replaced by company president Steven E. Humphries. Carey had served in the CEO position since the inception of the company in 2000. Humphries was named President of the company in April 2006 after his company, Humphries Marketing Group (HMG), entered into a management agreement with Stronghold.
Humphries said, "I'm excited to accept the position as I believe the company has a great future. Over the past five months, I believe that we've positioned the company to regain its market share by consolidating operations, hiring key people in key positions and preparing for the launch of our new web-based product (WebDA), which will roll out in the fourth quarter of this year."
In July 2006, Humphries announced the hiring of Chief Information Officer Raj Sharma, VP of Sales Dave Scaturro, Western Regional Account Manager Melissa Markus and Eastern Regional Account Manager Suzanne Hambruch. In July, Humphries closed the company's Virginia technical office, New Jersey operations and now operates from its new Texas headquarters.
Humphries will now serve as President and Chief Executive Officer of Stronghold. He also serves as CEO of his Texas-based full-service, automotive exclusive advertising agency, Humphries Marketing Group.
The company is now operating from Texas in the Graymark Office Building, 16801 Addison Road, Suite, 310, Addison, TX 75001.
Stronghold Technologies, Inc. (www.dealeradvance.com) is an innovator in applying technology and the Internet along with process improvement methods to increase business efficiency and sales. The company has developed an integrated technology called DealerAdvance(tm) which, among many features, allows automobile dealers to capture a customer's purchasing requirements, customers and dealerships personnel to search inventory at multiple locations, locate an appropriate vehicle in stock and print out the necessary forms. Through an integrated CRM (Customer Relationship Management) application, the system sends detailed tasks for prospect and customer follow-up and produces management reports to measure compliance. DealerAdvance(tm) allows sales professionals to increase sales, improve customer follow-up, and reduce administrative costs.
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