|
|
 |
Incentra Solutions Appoints David Weiss, Former CEO of StorageTek, to Board of DirectorsCompany Adds Additional, Experienced, Independent Board MemberNovember 28, 2005 Boulder, CO, November 28, 2005 – Incentra Solutions Inc. (OTCBB: ICNS) announced today that David Weiss, former Chairman, President and CEO of Colorado-based StorageTek, has been appointed to the Company’s Board of Directors. Weiss fills an open position on the Board, bringing a 34-year track record of achievement in the information technology (IT) industry, including having served on several public company boards. “We are pleased to have Dave join our Board of Directors. Dave has extensive experience in growing successful IT services businesses with specific expertise in the storage sector,” stated Tom Sweeney, Chairman and Chief Executive Officer. “As we grow our business, having Dave as an advisor on our board will be invaluable. Dave has been a leader and visionary during his tenure at StorageTek and IBM. His business acumen and finance aptitude is an exceptional addition to our board.” “I am looking forward to contributing to Incentra’s future success. I have been an executive in the IT market my whole career and know some of the challenges and opportunities ahead. I believe Incentra has a strategic vision for success and I look forward to contributing to that end,” said Weiss. David Weiss, 61, was most recently Chairman, President and CEO of StorageTek until his retirement in 2000. Under his leadership at StorageTek, Weiss grew the established business by 26 percent from $1.9 billion to $2.6 billion. He expanded the company’s market presence into several new global markets. Prior to StorageTek, Weiss held numerous executive management positions at IBM for more than 23 years. These management positions were in software, microcode and hardware development, as well as, manufacturing and strategic planning.
He received his B.A. in mathematics, M.S. in telecommunications and M.B.A from the University of Colorado. He continues to serve on the Business College Advisory Board for CU Denver.
About Incentra Solutions, Inc. Incentra Solutions, Inc. (www.incentrasolutions.com, OTCBB:ICNS) is a provider of complete IT & storage management solutions to broadcasters, enterprises and managed service providers worldwide. Incentra’s complete solution includes professional services, hardware & software products with first call support, IT outsourcing solutions and financing options. To the broadcast market, Incentra delivers complete digital archive management and transcoding solutions built on its IT and storage expertise and offerings.
Incentra Solutions Forward Looking Statements Certain information discussed in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company’s inability to accurately forecast its operating results; the Company’s potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company’s business. For further information on factors which could impact the Company and the statements contained herein, reference should be made to the Company’s filings with the Securities and Exchange Commission, including Annual Reports on Form 10-KSB, Quarterly Reports on Form 10-QSB and Current Reports on Form 8-K. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Contacts: Allen & Caron, Inc. Jill Bertotti (investors) jill@allencaron.com
Len Hall (financial media) len@allencaron.com 949-474-4300
Incentra Solutions, Inc. Thomas P. Sweeney III, Chairman & CEO tsweeney@incentrasolutions.com 303-449-8279
|
 |
|