NEW YORK and LONDON, Nov. 30, 2007 (PRIME NEWSWIRE) -- Aftersoft Group Inc. (OTCBB:ASFG), a leading supplier of software and services to the automotive aftermarket in the U.S., U.K. and Canada, today announced that it has named Charles F. Trapp as its new Vice President - Finance and Chief Financial Officer. Mr. Trapp replaces Michael O'Driscoll, who has resigned due to increased business commitments elsewhere.
Ian Warwick, Chairman and CEO of Aftersoft Group, said, "We are very pleased to welcome Charlie on board as Aftersoft's new CFO. He is a seasoned financial executive with over 25 years of accounting and business experience, including 20 years with publicly held companies. His extensive public company and financial experience will benefit Aftersoft as we seek to accelerate our growth in both North America and Europe."
Mr. Trapp, 58, was a co-founder and President for more than 10 years of Somerset Kensington Capital Co., a Bridgewater, New Jersey-based investment firm that provided capital and expertise to help public companies restructure and reorganize. Earlier in his career, he served as CFO and/or a board member for a number of public companies, including AW Computer Systems, Vertex Electronics Corp., Worldwide Computer Services and Keystone Cement Co. His responsibilities have included accounting and financial controls, federal regulatory filings, investor relations, mergers and acquisitions, loan and labor negotiations, and litigation management.
A Certified Public Accountant, Mr. Trapp received his Bachelor of Science degree in Accounting from St. Peter's College in Jersey City, New Jersey.
About Aftersoft Group Inc.
Aftersoft Group, Inc. (OTCBB:ASFG) is a supplier of ERP supply chain management solutions to automotive parts manufacturers, distributors and retailers. Aftersoft Group provides the automotive aftermarket with a combination of business management systems, information products, and online services that together deliver benefits for all parties involved in the timely repair of a vehicle. For further information, please visit www.aftersoftgroup.com.
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of risks and uncertainties impacting the company's business including, increased competition; the ability of the company to expand its operations through either acquisitions or internal growth, to attract and retain qualified professionals, and to expand commercial relationships; technological obsolescence; general economic conditions; and other risks detailed from time to time in filings with the Securities and Exchange Commission (SEC).