NEW YORK, Sept. 26 /PRNewswire/ -- Silicon-Alley based Internet ventures
and technology holding company, ICES Inc. has appointed Larry Nusbaum
Corporate Managing Director, effective August 1, 2000. Reporting to Chairman
and Founder Henry Kauftheil, Nusbaum joins ICES from Media Brands, LLC, of New
York, which he founded in 1997. He has a proven track record for starting,
building and managing public and private high-growth online and offline media,
technology and consumer branding companies. As CEO of Media Brands, he was
responsible for all corporate direction and activities, and grew the
innovative technology "clicks and mortar" direct marketing company to over
$20 million in revenues. Prior to creating this venture, Nusbaum was President
of Emson, a privately-held New York-based $100 million multi-media
import/export company, where he sourced and built brands, and manufactured and
distributed innovative, patented product lines to traditional retail chains
and online e-commerce vendors. Nusbaum has also run a public $150 million
global multi-media and database corporation, Regal Communications (RCOM), of
Pennsylvania, which purchased his publicly traded OTC consumer products
company, Advantage Life Products (ADVT), of Laguna, California.
In his new position, Nusbaum is charged with overseeing the development of
multiple e-companies within ICES, in the technology, e-commerce, media
infrastructure and B-2-B exchange categories, including ICES' innovative
on-line direct marketing company, itract; its unique commerce exchange,
eMarketplaces; global sourcing and trading company, InterCommerce Trading; and
CarePortal, its eHealthCare flagship.
"I believe in a grounded approach using the Internet as a channel of
distribution, marrying the best of the old economy, including revenues and
profits, with new economy technology to create the best of both worlds. "The
challenge is to combine ICES' proprietary online technology with strong
management to leverage and maximize ICES' unique business models. We are
looking to create synergies between our respective portfolio companies to
maximize profitability and valuation," asserted Mr. Nusbaum.
According to Henry Kauftheil, "Larry will be utilizing his experience in
launching, scaling and managing profitable public and private companies to add
value to ICES' portfolio companies in our eMarketplaces, Technology Services,
and InterCommerce divisions."
SOURCE International Commerce Exchange Systems, Inc.
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Related links:
http://www.icesventures.com
CONTACT:
Susan Friedman, Director of Corporate
Communications of IECS, 212-647-0500, ext. 109,
susanf@icesinc.com
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