NEWPORT BEACH, Calif., Jan. 27, 2003 (PRIMEZONE) -- e-Perception, Inc. (OTCBB:EPER), a provider of real-time human capital management solutions, today announced that Mr. Joseph Flynn has accepted the position of Chief Executive Officer effective immediately. In addition, the firm announced it would open a Sales and Marketing office in Newport Beach, CA. Mr. Flynn joins the company from Advanstar Communications, Inc. where, as General Manager of their e-learning and Telecommunications Media Groups, he played a high-profile leadership role as a trendsetter and learning and training industry leader. Said Mr. Flynn "I am excited by the prospect of taking e-Perception, Inc.'s unique solutions to the market. The global business community is coming into an era where the most competitive and forward-thinking organizations understand that their human capital is by far their most valuable asset. According to many industry reports, the Human Capital Management (HCM) market is experiencing significant growth and finally coming of age," stated Flynn. "e-Perception, Inc.'s real-time HCM solutions present a clear opportunity for us to be the market leader. Our solutions offer large enterprises and government institutions unprecedented value and a clear path to a rapid return on investment," added Flynn. Mr. Flynn also brings a wealth of international business and management experience as head of Advanstar's Latin American exhibition properties.
The company further announced that both Mr. James Stapleton as Chief Financial Officer and Etienne Weidemann as Executive Vice President of Sales and Marketing have accepted positions effective immediately. Mr. Stapleton has had a long, successful career as a senior financial and corporate operations executive. Most recently, he was Chief Financial Officer, Corporate Secretary and VP of Investor Relations for Prosoft Training. Mr. Weidemann has been both an entrepreneur and a senior sales and marketing executive for the past ten years. Most recently he was VP of Sales and Marketing for Advanstar's e-learning and Collaboration Media Group, prior to that he was a founding member of the successful web portal WildnetAfrica.com in his native South Africa. Said Mr. Flynn "With the addition of three experienced leaders to our Executive Team, e-Perception, Inc. has significantly strengthened our ability to execute on our core competencies and provide value to our customers, partners and shareholders. Our focus for 2003 is to invest in market visibility and revenue generation. We have an aggressive go-to-market strategy backed by an experienced sales team and led by a proven sales leader. Over the next 15-18 months, expect to see an execution strategy focused on gaining market share and customers and on forming strong alliances and partnerships in the Human Capital Management market."
In addition, the company announced that it will be opening a Sales and Marketing Headquarters in Newport Beach, CA. Said Mr. Weidemann, "In order for us to continue to attract top talent and more closely align our sales and marketing organizations, we will open an Orange County office on February 1st, 2003. I am excited about the prospect of leading the sales and marketing activities for a young company with such obvious competitive advantages in our offerings." E-Perception, Inc. will continue to have its Corporate Headquarters and development offices in Temecula, CA.
About e-Perception, Inc.
e-Perception, Inc., a Nevada corporation, provides real-time decision support for human capital management. The company's highly configurable Human Capital Management solutions are rapidly deployed as stand-alone or loosely linked modules. Each application includes an interactive diagnostic and reporting tool that identifies and ranks opportunity for improvement in the workforce and link these to custom developed change management action plans. Examples of solutions are Skills Inventories, Climate Assessments and Performance Management Systems.
e-Perception, Inc.'s target market includes medium to large enterprises as well as Government Institutions through their Federal Supply Schedule (FSS) contract awarded by the U.S. General Services Administration (GSA). Current customers include Dell Computer, Sharp HealthCare, Johnson Controls, StorageTek, Northwestern Mutual, Electronic Data Systems, Halliburton and others. The Company delivers its products through our direct sales force, VAR Channel and Strategic Alliance Partner program.
The information contained herein regarding risks and uncertainties, which may differ materially from those set forth in these statements in addition to the economic, competitive, governmental, technological and other factors, constitutes a "forward-looking statement" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, the Private Securities Litigation Reform Act of 1995 and is subject to the safe harbors created thereby. While the Company believes that the assumptions underlying such forward-looking information are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the forward-looking information will prove to be accurate. Accordingly, there may be differences between the actual results and the predicted results, and actual results may be materially higher or lower than those indicated in the forward-looking information contained herein. Further, the Company assumes no obligation to update or otherwise publicly revise the forward-looking information disclosed herein to reflect circumstances existing after the date hereof.