LAS VEGAS and LOS ANGELES, Jan. 13, 2005 (PRIMEZONE) -- Charles J. Weber has agreed to serve as Chief Executive Officer of CEO America, Inc. (Pink Sheets:CEOA) the company's founder and chairman, David Vaters, announced today.
"We are very pleased that Charles Weber will contribute his vast knowledge of global business practices and his worldwide contacts to the development of our unique business model," Vaters said. "We are also excited about working with Charles to introduce the Creditz System's capability to partner with the entertainment industry in a revolutionary way."
For the past 25 years, Weber, formerly the first Chief Executive Officer of Lucasfilm, Ltd., has been a successful key executive in the entertainment and communications industries, and since 1985, has also been Chairman and CEO of Weber Communications, Inc., an international consulting firm providing professional management, business development, and financial services. Specializing in strategic alliances in the multimedia, technology, medical, broadcasting, entertainment, communications and Internet fields, Weber Communications also has represented a number of companies in the Far East, South America, and both Eastern and Western Europe. Weber also has been instrumental in securing public and private corporate financing, domestic and international distribution, mergers and acquisitions and the production and financing of motion pictures.
"I see many forward-reaching business concepts in my travels around the world," Weber commented, "but the Creditz system seems poised to overtake, if not replace current payment structures in both developed and under-developed societies."
Weber has also been President and Chief Operating Officer of Embassy Communications, Entertainment Company of America, CanWest International Corp., and others.
Prior to his involvement in the entertainment industry, Weber had extensive experience in real estate as senior vice president of Sonnenblick-Goldman Corporation of California.
Weber is a member of The Academy of Motion Pictures Arts and Sciences and The Academy of Television Arts and Sciences. He is a Bachelor graduate of Manhattan College in Business Administration, and holds a Master's degree in Business Administration from Hofstra University.
About CEO America, Inc. (www.creditz.com)
CEO America, Inc., Las Vegas, NV, and Los Angeles, CA, (CEOA.PK) is the exclusive master licensee for the United States of the Creditz System. The Creditz System is a new and revolutionary business model that is partnering with the payment industry. Creditz' digitalized money is capable of transparently circulating throughout the world markets, in both developed and emerging economies, as part of the evolving global payment system. The Creditz system provides enhanced payment, business intelligence and marketing solutions to retailers, e-tailers, manufacturers, loyalty and gift card programs, and all the participants in the payment industry, including point-of-sale and payment terminal manufacturers, merchant services, independent sales organizations (ISOs), transaction processors, credit, debit and stored value card issuers.
Except for historical information contained herein, the matters set forth in this press release, such as statements relating to the Company's ability to drive technological developments and the acceptance and timing of product introductions, are forward-looking statements that are subject to risks and uncertainties, including timely development and acceptance of new products, the impact of competitive products and pricing, the timely development and release of products by suppliers, and other risks detailed in the Company's Registration Statement filed with the SEC.