InfoNow Board Appoints Mark Geene as New CEO
12 January 2006 - 8:20AM
PR Newswire (US)
Change Made in Advance of Pending Merger With Halo Technology
Holdings to Smooth Transition DENVER, Jan. 11
/PRNewswire-FirstCall/ -- The board of directors of InfoNow
Corporation (Pink Sheets: INOW), a leading provider of channel
visibility and channel management solutions, today announced the
unanimous selection of Mark Geene as the company's new Chief
Executive Officer. The change was made following the recent
announcement that InfoNow will be acquired by Warp Technology
Holdings, Inc. (OTC:WARP) (BULLETIN BOARD: WARP) , a holding
company for established enterprise software companies doing
business under the name HALO Technology Holdings, subject to
approval of a majority of the outstanding shares of InfoNow common
stock. Geene succeeds Harry Herbst, who had been serving as Interim
CEO of InfoNow since March 2005. "Our pending merger with HALO
provided our board a great opportunity to solidify the leadership
at InfoNow," said Jeff Peotter, chairman of InfoNow. "Mark was a
clear choice for us. He has a great depth of knowledge about our
operations and service offerings, and he has strong relationships
with our customers. "I commend Harry for the job he has done as
Interim CEO and prior to that as the company's CFO," Peotter added.
"He has brought stability to our operations and has strengthened
our financial position. He will continue to serve in an important
consulting capacity to the board over the next few months as we
complete that merger." Geene joined InfoNow in 2003, when he
assumed the title of Executive Vice President of Field and Client
Operations, a position he still holds. Prior to joining InfoNow,
Geene spent 20-plus years in sales, operations and a variety of
management positions, including stints with IBM, Oracle, Tenfold
Corporation and Dorado Software. "I am excited to take the helm of
InfoNow at this important time in our development," said Geene. "As
we become part of the HALO group of companies, we'll have a great
opportunity to expand our platform of service offerings and deliver
even better service to our customers." About InfoNow Corporation
InfoNow (Pink Sheets: INOW) provides channel management and channel
visibility software and services to companies that sell through
complex channel partner networks. The Company's Channel Insight
service gives companies rich, timely and actionable data on channel
sales, including enhanced market intelligence on partners and end
customers. It also includes tools to help clients use this data to
profitably grow their business, through detailed customer
segmentation and profiling, targeted opportunity generation, robust
partner tracking and analysis, closed-loop opportunity tracking,
sales credit assignment, inventory tracking and more. The Company
also offers channel management services for partner profiling and
referrals, lead generation and management, and partner relationship
management. Since 1996, InfoNow has helped leading companies such
as Apple, Bank of America, Enterasys Networks, Hewlett-Packard,
SMC, Visa and Wachovia better serve their end customers through
complex channel networks. InfoNow is based in Denver, Colorado. For
more information, please visit the Company's Web site at
http://www.infonow.com/. About HALO Technology Holdings HALO
Technology Holdings owns and operates a portfolio of enterprise
software companies. HALO's strategy is to acquire private and
public companies with a focus on profitability, product quality,
customer satisfaction and retention, and stable growth. HALO
generally uses a combination of debt and equity for its
acquisitions, as well as leveraging the balance sheets of target
companies, to minimize dilution to its shareholders. HALO pursues
acquisitions that it believes will contribute to a strong increase
in operating cash flow and earnings per share. HALO Technology
Holdings is the operating name of Warp Technology Holdings, Inc.
Shares of HALO are quoted on the Over-the-Counter Bulletin Board
operated by the National Association of Securities Dealers, Inc.
under the symbol "WARP". For more information, please visit
http://www.haloholdings.com/. DATASOURCE: InfoNow Corporation
CONTACT: David Banks of InfoNow Corporation, +1-303-293-0212, Web
site: http://www.infonow.com/ http://www.haloholdings.com/
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