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Empire News: Press Release
Empire Investment Holdings Announces Key Promotion at VITEC Solutions
Miami, Florida, June 19, 2007 (Business Wire) - Empire Investment Holdings ("Empire"), a private investment firm focused on acquiring and growing corporate divestitures, today announced key promotions in its portfolio company VITEC Solutions ("VITEC"). Mr. Jeffrey J. Staebell has been named president and chief executive officer, Mr. Chris Cummings has been named interim chief operating officer, and Mr. Christian Egner has been named director of support services.
"Jeff is a seasoned technology executive with an outstanding reputation and impeccable track record for building value," said David F. Alfonso, chairman and chief executive officer at Empire Investment Holdings. "He will lead VITEC on its continued growth path, while driving our goal of delivering the highest-quality business technology solutions in the Northeast."
"We are very honored and eager to accept these promotions," said Jeff Staebell, the new president and chief executive officer of VITEC. "I speak on behalf of myself, Chris, and Christian when I say that VITEC is headed on an exciting path, and we are committed to growing with our employees every step of the way. I am proud to be part of such a great team that has always, and continues to provide our customers with the best IT service around."
Mr. Cummings, who leads the technology group at Empire, will maintain operational involvement at VITEC over various areas for the remainder of 2007. He is charged with finalizing the critical implementation of the company's new Microsoft Dynamics ERP application. Mr. Egner is assuming the responsibility of managing the entire service organization. The promotions are effective immediately.
About Empire Investment Holdings
Empire Investment Holdings ("Empire") is a private investment firm focused exclusively on the acquisition and strategic management of non-core business units from the Fortune 1000. Empire adheres to a well defined and focused acquisition strategy that is driven by the firm's history in acquiring, operating and managing over 50 corporate divestitures across several industries. Empire's approach is specialized in addressing the complexities of acquiring non-core business units, as well as ensuring post close business continuity. Today, Empire’s portfolio is comprised of 7 operating companies, serving over 10,000 customers worldwide, with an international footprint of 25 facilities encompassing over one million square feet of space and over 1,000 employees.
About VITEC Solutions
VITEC Solutions ("VITEC"), with its corporate headquarters in Amherst, New York, is a premier IT solutions provider to leading businesses, universities, and government agencies supplying strategically critical support in the design, deployment, integration, and proactive management of IT environments. VITEC provides services to over 650 customers, including many in the Fortune 1000 and has a team of over 120 professionals throughout the Northeast. For additional information on VITEC, please visit www.vitecsolutions.com.
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