Company
New York, New York - April 5, 2005 - Warp Technology Holdings, Inc. (OTC BB: WARP) today announced the appointment of three new members to its board of directors. The individuals joining the board are John A. Boehmer, currently a managing director of KORN/FERRY International's Advanced Technology Practice; David Marc Howitt, currently President and CEO of The Meriwether Group; and Mark J. Lotke, most recently a general partner at Pequot Ventures.
The new members comprise a team of strategic leaders from critical disciplines that are necessary to continue to execute on Warp’s recently announced technology holding company strategy. In announcing the additions, Ron Bienvenu, Chairman and CEO of Warp noted “These three gentlemen bring a diverse mix of strategic and operational skills that will greatly enhance our ability to execute on our plan and deliver significant shareholder value. John Boehmer’s knowledge and relationships across the entire industry will be invaluable to us as we continue to add portfolio companies and seek to enhance those companies’ management teams. David Howitt understands the value of marketing, and has successfully demonstrated his ability to deliver premium pricing and brand awareness in markets that were going through consolidation and commoditization. And, Mark Lotke’s experience at Pequot and earlier at General Atlantic Partners puts him in an elite class of industry insiders that will help us structure and execute better deals in less time.”
Mr. Bienvenu added, “All three of our new board members bring a wealth of knowledge, wisdom, relationships, and most importantly integrity to our growing company. I am honored to welcome them to Warp.”
HALO Technology Holdings, Inc. is a global provider of a diversified range of standards-based enterprise software applications and on-demand solutions. HALO's strategy is to acquire and operate enterprise software companies with a commitment to sustainable growth. HALO portfolio companies focus on customer service, product quality and profitability to build long term customer relationships and ensure customer satisfaction today and into the future. Everyday, thousands of corporations and institutions from across the globe rely on our portfolio companies to deliver high quality, enterprise class software and services. For more information, please see our website at www.haloholdings.com.
Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those relating to future opportunities, the outlook of customers, the reception of new products and technologies, and the success of new initiatives. In particular, statements contained in this press release that concern future operating results or other statements using words such as “anticipate,” “believe,” “could,” “estimate,” “intend,” “may,” “plan,” “project,” “should” “will,” or “set our sights on” constitute forward-looking statements and are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.In addition, such forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results expressed or implied by such forward-looking statements. Such factors include: (i) demand for the Company's products; (ii) the actions of current and potential new competitors; (iii) changes in technology; (iv) the nature and amount of the Company's revenues and expenses; and (v) overall economic conditions and other risks detailed from time to time in the Company's periodic earnings releases and reports filed with the Securities and Exchange Commission (the "Commission"), as well as the risks and uncertainties discussed in the Company's Annual Report on Form 10-KSB filed with the Commission on September 28, 2005 (the "Form 10-KSB") and the Company's Quarterly Reports on Form 10-QSB filed with the Commission on November 14, 2005 and on February 15, 2006.