Company Moves to Add Experienced, Independent Board Members
BOULDER, Colo., Nov. 10 /PRNewswire-FirstCall/ -- Incentra Solutions Inc.
(OTC Bulletin Board: ICNS) announced today that Tom Hudson, former Chairman
and CEO of Minneapolis-based Computer Network Technology Corporation (CNT),
has been appointed to the Board of Directors. Hudson replaces Incentra Chief
Financial Officer Paul McKnight, who will continue to serve as the Company's
CFO, but who resigned from the Board so his seat could be filled by an outside
director. Hudson brings years of experience to the Incentra Board and has
served on the boards of several public and private companies.
"We are looking forward to Tom participating with us on our Board of
Directors. Tom has a wealth of experience in growing a successful IT
solutions business and specific expertise in disaster recovery and business
continuance solutions," commented Tom Sweeney, Chairman and Chief Executive
Officer. "As we continue to grow our business and to work towards moving the
trading of our common stock to a major exchange, independent and experienced
board members will be very important in assisting us with those tasks. Tom is
an exceptional addition to our Board and his advice and participation will be
extremely valuable."
"I was impressed with the Incentra strategic business plan. The Company
has a solid strategy and I welcome the opportunity to participate. I know
this market and am very familiar with the challenges in taking a business like
Incentra to the next level. I look forward to contributing to its success,"
said Hudson.
Tom Hudson, age 59, was most recently Chairman and Chief Executive Officer
of CNT, whose shares traded on Nasdaq before the business was sold to McDATA
in June of 2005. At that time, Hudson joined McDATA's board of directors and
remains an active member among a few other public company board positions.
During his tenure at CNT, he grew the business revenue profitably from $65M to
$360M in wide area storage networking. Prior to that, Hudson was a senior
vice president of corporate development for McGraw Hill Companies from 1993 to
1996. He began his professional business career in 1968 at IBM, where he
served in various executive management capacities.
He received his B.S. in electronic engineering from the University of
Notre Dame and his M.B.A. from New York University.
About Incentra Solutions, Inc.
Incentra Solutions, Inc. (http://www.incentrasolutions.com)
(OTC Bulletin Board: 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 for Incentra Solutions:
Allen & Caron Inc. Incentra Solutions
Jill Bertotti (investors) Thomas P. Sweeney
jill@allencaron.com Chairman & CEO
Len Hall (financial media) tsweeney@incentrasolutions.com
len@allencaron.com (303) 449-8279
(949) 474-4300
SOURCE Incentra Solutions Inc.
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Related links:
http://www.incentrasolutions.com
CONTACT:
Investors, Jill Bertotti,
jill@allencaron.com, or Financial Media, Len Hall,
len@allencaron.com, both of Allen & Caron Inc., +1-949-474-4300,
for Incentra Solutions, Inc.; or Thomas P. Sweeney, Chairman &
CEO of Incentra Solutions Inc., +1-303-449-8279
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