SANTA CLARA, Calif., Dec. 16 /PRNewswire-FirstCall/ --
First Virtual Communications, Inc., (Nasdaq: FVCX), a premier provider of rich
media Web conferencing and collaboration solutions, today announced several
changes in its executive management team. Truman Cole has rejoined the
Company as its Chief Financial Officer. In addition, Frank Kaplan has assumed
the role of Vice President of Worldwide Sales. Timothy Rogers, the Company's
former Chief Financial Officer, is leaving the Company to pursue other
opportunities.
"I am thrilled that both Truman and Frank are joining the First Virtual
team," said Jonathan Morgan, the Company's acting President and Chief
Executive Officer.
Mr. Cole has more than 30 years of experience in senior financial
management positions with a number of leading technology companies. He was
previously the Chief Financial Officer of First Virtual Communications during
2000 and 2001. Mr. Cole has served as the CFO of both private and public
companies, including Network Peripherals, Software Publishing Corporation,
Tonka Corporation and Fairchild Semiconductor.
Mr. Kaplan has a proven track record and over twenty years of executive
leadership experience in the technology sector. Prior to joining First
Virtual Communications, Mr. Kaplan was Vice President of Worldwide Sales at
Matrix Net Systems. He has also held the position of Vice President of Sales
and Marketing at Vtel Corporation, Compression Labs Inc. and AT&T.
"Truman and Frank are terrific additions to our team," noted Ralph
Ungermann, the Company's Executive Chairman of the Board, "The wealth of
knowledge and experience that they bring significantly strengthens our
leadership team. I expect that both Truman and Frank will make meaningful
contributions to First Virtual as we continue to grow our business and ensure
our success."
About First Virtual Communications
Headquartered in Santa Clara, California, First Virtual Communications is
a premier provider of next generation web conferencing and collaboration
solutions. It delivers award winning integrated communications solutions that
address the needs of business people who need to work together remotely to
collaborate, train, demonstrate or sell. The Company has helped to define
IP-based communications by pushing the boundaries of conferencing for a better
user experience, easier enterprise deployment and a potentially greater return
on investment. The Company's products provide business quality communication
by supporting a wide range of industry standards. The Company's solutions
integrate seamlessly with existing tools and methodologies, such as email and
web browsing, while extending the advantages of instant messaging and
collaboration environments, such as MSN Messenger and Microsoft Exchange. The
Company's innovative solutions are deployed in over 1,200 customer sites
worldwide, including Fortune 500 companies, government agencies and service
providers. Additional information about First Virtual Communications can be
found on the Web at http://www.fvc.com .
Cautionary Statement
Except for the historical information contained herein, this news release
contains forward-looking statements, including, without limitation, statements
containing the words, "believes," "anticipates," "expects" and words of
similar import. Such forward-looking statements have known and unknown risks,
uncertainties and other factors that may cause the actual results, performance
or achievements of First Virtual Communications, or industry results, to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such factors include,
among others: the success of and timely release of Click to Meet 3.0, the
continued increase in sales of the Company's Click to Meet(TM) and MCU
products, First Virtual Communications' variability of operating results,
market acceptance of video and Web conferencing technology, potential
inability to maintain business relationships with integrators, distributors
and suppliers, rapid technological changes, competition and consolidation in
the video networking industry, the importance of attracting and retaining
personnel, and other risk factors referenced in First Virtual Communications'
public filings with the Securities and Exchange Commission, including the
Company's report on Form 10-Q for the quarter ended September 30, 2002.
SOURCE First Virtual Communications
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Related links:
http://www.fvc.com
CONTACT:
Truman Cole, Chief Financial Officer of First
Virtual Communications, Inc., +1-408-567-7200, or tcole@fvc.com
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