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EXHIBIT 99
PRESS RELEASE
Cotelligent, Inc. FOR IMMEDIATE RELEASE
101 California Street Editorial Contact:
Suite 2050 Jessica Flynn, corporate communications mgr.
San Francisco, CA 94111 Company Contact:
Telephone: 415-439-6400 Jim Lavelle, chairman and chief executive
Cotelligent #01-08
COTELLIGENT COMPLETES STRUCTURAL REORGANIZATION
Dan Jackson Promoted to President and Chief Operating Officer; Jeff Van Horn
Appointed Executive Vice President, Chief Financial Officer and Treasurer
San Francisco - July 10, 2000 - Cotelligent (NYSE: CGZ), a leading IT Solutions
and eBusiness firm, today announced the completion of its reorganization to a
fully integrated, centralized structure. Under its new management model, the
Company expects to enhance and improve its ability to manage its resources and
respond to the needs of its clients both here and abroad. The new structure
will also help management to focus on Cotelligent's core competencies and build
its global information technology consulting presence in eBusiness and the
wireless Internet.
"In completing the implementation of the Company's new management model,
Cotelligent will be in a position to take greater advantage of its ability to
leverage and manage its resources than ever before," stated Jim Lavelle,
Cotelligent's chairman and chief executive officer. "As opposed to our former
acquisition-oriented growth strategy, Cotelligent's strategy moving forward will
emphasize organic growth supplemented by highly selective investments and
partnerships in technologies that complement our eBusiness and mBusiness
consulting practices. Our new management model greatly facilitates our ability
to achieve our growth objectives."
As part of Cotelligent's reorganization, the Company announced the promotion of
Daniel E. Jackson to the position of president and chief operating officer.
Most recently, Mr. Jackson served as executive vice president, chief financial
officer and treasurer. "Since the beginning of our Company, Dan Jackson has
been a major contributor to Cotelligent's growth and reputation as a leading IT
consulting firm," said Lavelle. "Dan has been a key player in formulating our
new direction and I am confident that his management approach and leadership
will help our Company to successfully execute our global growth initiatives."
Dan Jackson is currently a director of the Company, a post that he has served
since September 1999. Over the course of his tenure with Cotelligent, Jackson
has been an extremely versatile figure, exhibiting his talents in a variety of
roles. Since June 1999, he has acted as chief financial officer and treasurer,
having served the former role additionally from November 1996 until January
1998.
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Prior to June 1999, Jackson acted in consecutive positions as executive vice
president of corporate development and general counsel, senior vice president of
corporate development and general counsel, and secretary.
Cotelligent also announced that Jeff Van Horn, former CFO and senior vice
president of AvalonBay Communities, Inc., a publicly held equity real estate
investment trust (REIT), has been appointed as executive vice president, chief
financial officer and treasurer for Cotelligent. Mr. Van Horn brings over 17
years of experience in finance and accounting to his role at Cotelligent. At
AvalonBay, he was responsible for capital market strategies, capital allocation
methodology, strategic market research, new business opportunities and risk
management strategies, not to mention all aspects of the finance, accounting and
treasury functions, information systems and investor relations. Under his
leadership, the lucrative $3.7 billion merger of Bay Apartment Communities, Inc.
and Avalon Properties took place. Prior to AvalonBay, Van Horn was a tax
partner at Arthur Andersen LLP, where he provided tax and related advisory
services to corporate, partnership and individual clients.
"Jeff Van Horn is an experienced financial strategist and business executive
with a diversity of skills that greatly complements Cotelligent's management
team. His prior experience and outstanding profile as chief financial officer
and treasurer in the public arena, combined with his success in directing all
facets of financial management during times of rapid growth, are an excellent
fit for the Company," said Jim Lavelle. "We are pleased Jeff has decided to
join Cotelligent and we look forward to engaging his leadership. "
About Cotelligent
Cotelligent is a global information technology (IT) consulting firm focusing on
eBusiness and mBusiness. Cotelligent provides end-to-end electronic
applications consulting, and assists companies to receive information anywhere,
anytime and in the most efficient format. Areas of specialization include Web
design and development, systems integration and implementation, strategic
consulting and assessments, custom application development, education services
and business intelligence, and delivery of next generation wireless technology
to clients. Cotelligent's stock is traded on the New York Stock Exchange under
the symbol CGZ. More detailed information is available on the company's Web
site at www.cotelligent.com.
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