Message #37 From:
NewsBot Date: December 12, 2006 11:32:00 AM
HYC News Hypercom Moves to Strengthen Multi-Lane Team
PHOENIX--(BUSINESS WIRE)--Hypercom Corporation (NYSE: HYC) announced today that it has moved to
strengthen its Multi-Lane Systems team to provide a more robust platform
for multi-lane sales and services in 2007. A number of changes have been
made over the past few weeks, including the appointment of Gary Franza
as Vice President and General Manager for the Multi-Lane Systems Group,
replacing the former general manager.
Mr. Franza brings to the organization a wealth of experience including
substantial background in managing indirect and direct distribution
sales channels. His background includes over 15 years of global sales
and general management experience at WatchGuard Technologies, Insight
Enterprises and Hayes Microcomputer Products.
Reporting to Mr. Franza is Robert De Bona, Vice President, National
Multi-Lane Sales. Mr. De Bona is a skilled executive and seasoned
veteran of retail integrated solutions. He has been with the Hypercom
organization for almost three years, and spent more than 14 years with
Symbol Technologies. In addition, Russ Dhooge was named Vice President
of Operations for the Group and is also reporting to Mr. Franza. Mr.
Dhooge brings experience from Ingenico, where he served as Director of
Operations for Financial Services, and Paymentech, where he directed POS
Terminal and Host System product development.
Hypercom also took a number of actions over the past two weeks to
address the performance and productivity of its Multi-Lane Systems sales
organization and also plans to further expand its Multi-Lane and
Integrated Systems sales team.
Gary Franza and the Multi-Lane Systems team report to O.B. Rawls IV, who
has five years of previous experience in multi-lane sales management.
“The performance of our Multi-Lane Systems
organization in 2006 required that the company take decisive action to
strengthen its position and performance in the market, and create an
appropriate platform for selling in 2007 and beyond,”
said Mr. Rawls. “This new organization will
support the current multi-lane L4100 product, the S1300, and the
PCI-certified L4200, L4250 and M4100 Blade products, as well as the
planned products for 2007 and 2008.”
Global payment technology leader Hypercom Corporation (NYSE: HYC)
delivers a full suite of high security, end-to-end electronic payment
products and services. The company’s solutions
address the high security electronic transaction needs of banks and
other financial institutions, large scale retailers, smaller merchants,
quick service restaurants, and users in the transportation, healthcare,
prepaid, unattended and many other markets. Hypercom solutions enable
businesses in more than 100 countries to securely expand their revenues
and profits.
Hypercom is a registered trademark of Hypercom Corporation. All other
products or services mentioned in this document are trademarks, service
marks, registered trademarks or registered service marks of their
respective owners. This press release includes statements that may
constitute forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, including statements regarding
market acceptance of new products, product performance, product sales,
revenues and profits. These forward-looking statements are based on
management’s current expectations and beliefs
and are subject to risks and uncertainties that could cause actual
results to differ materially from those described in the forward-looking
statements. In particular, factors that could cause actual results to
differ materially from those in forward-looking statements include,
industry, competitive and technological changes; the loss of, and
failure to replace any significant customers; the composition, timing
and size of orders from and shipments to major customers; inventory
obsolescence; market acceptance of new products and services; the
performance of suppliers and subcontractors; risks associated with
international operations and foreign currency fluctuations; the state of
the U.S. and global economies in general and other risks detailed in our
filings with the Securities and Exchange Commission, including the
Company's most recent 10-K and subsequent 10-Qs. Forward-looking
statements speak only as of the date made and are not guarantees of
future performance. We undertake no obligation to publicly update or
revise any forward-looking statements. HYCP
