26.09.2007 20:30:00
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Technology Solutions Company Appoints Timothy Rogers as Chief Financial Officer and Secretary
Technology Solutions Company (TSC) (Nasdaq: TSCC) announced today that
Timothy Rogers was appointed as the company’s
Chief Financial Officer and Secretary, effective September 25, 2007,
reporting directly to Milton G. Silva-Craig, President and CEO. Mr.
Rogers brings over twenty years of demonstrated financial expertise and
success in helping organizations restore profitability and grow
enterprise value – both in a services and
products capacity.
Commenting on the appointment, Mr. Silva-Craig, said: "Tim’s
demonstrated leadership approach and success will drive a sense of
urgency and infuse the organization with a level of energy critical to
executing our turnaround efforts. His experience in product and services
organizations is a great complement to our business as we begin the
introduction of several new and exciting offerings. I am delighted to
have Tim join TSC’s senior team.”
Mr. Rogers, 46, has held a series of increasingly important leadership
positions in finance, most recently as CFO of RX Solutions, Inc. –
a healthcare services company – from 2003 to
2006. From 2001 to 2003, Mr. Rogers was CFO for OrthoRehab, Inc.
Throughout his career Mr. Rogers, who began with Arthur Andersen, has
aided companies in turnaround situations by restoring profitability and
growing enterprise value. Mr. Rogers is a CPA and holds a B.A. in
Accounting from Illinois State University.
"Milton and his team at TSC are putting in
place the right, critical foundational elements to position the business
for future growth. I am pleased to be joining TSC at this exciting
stage, providing the opportunity to help the team transform the company
and contribute to growing its overall value," commented Rogers.
Consistent with the company's philosophy of aligning the interests of
its management with those of its stockholders, TSC will grant Mr. Rogers
inducement stock option awards for an aggregate of 40,000 shares of the
company's common stock that will vest over 3 years. These options
constitute inducement awards under Nasdaq Marketplace Rule 4350.
About TSC
Technology Solutions Company (TSC) is a leading business solutions
provider that partners with clients to expose and leverage opportunities
that create, measure and sustain the delivery of value to their
customers. Our outside-in, fact-based approach quantifies value through
the eyes of our client’s customers,
unleashing the potential for profit and growth. TSC serves the
healthcare, financial services and manufacturing industries through
tailored business solutions that deliver extraordinarily rapid and
guaranteed results. For more information, please visit: www.techsol.com.
CERTAIN FORWARD-LOOKING STATEMENTS AND FACTORS THAT MAY AFFECT FUTURE
RESULTS This press release contains or may contain certain forward-looking
statements concerning the Company’s financial
position, results of operations, cash flows, business strategy, budgets,
projected costs and plans and objectives of management for future
operations as well as other statements including words such as "anticipate,” "believe,” "plan,” "estimate,” "expect,” "intend,” and
other similar expressions. These forward-looking statements involve
significant risks and uncertainties. Although the Company believes that
the expectations reflected in such forward-looking statements are based
on reasonable assumptions, readers are cautioned that no assurance can
be given that such expectations will prove correct and that actual
results and developments may differ materially from those conveyed in
such forward-looking statements. The Company claims the protection of
the safe harbor for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995 for all forward-looking
statements. Important factors that could cause actual results to differ
materially from the expectations reflected in the forward-looking
statements in this press release include, among others, the Company’s
ability to manage decreased revenue levels; the Company’s
need to attract new business and increase revenues; the Company’s
declining cash position; the Company’s
ability to manage costs and headcount relative to expected revenues; the
Company’s ability to successfully introduce
new product and service offerings; the Company’s
dependence on a limited number of clients for a large portion of its
revenue; the potential loss of significant clients; the Company’s
ability to attract new clients and sell additional work to existing
clients; the Company’s ability to attract and
retain employees; the rapidly changing nature of information
technology services, including the Company’s
ability to keep pace with technological and market changes and its
ability to refine and add to existing service offerings; the lack
of shareholder approved stock options available for grants by the
Company to retain existing employees; the Company’s
ability to successfully integrate the Charter business with its
business; and changing business, economic or market conditions and
changes in competitive and other factors, all as more fully described
herein and in the Company’s filings with the
Securities and Exchange Commission, press releases and other
communications. Forward-looking statements are not guarantees of
performance. Such forward-looking statements speak only as of the date
on which they are made and, except as may be otherwise required by law,
the Company does not undertake any obligation to update any
forward-looking statement to reflect events or circumstances after the
date of this press release. If the Company does update or correct one or
more forward-looking statements, investors and others should not
conclude that the Company will make additional updates or corrections
with respect thereto or with respect to other forward-looking
statements. Actual results may vary materially.
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