Exhibit 99
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Exigent Expands Management Team by Announcing Glenn Dennis
as President of Exigent Solutions Group
MELBOURNE, FL, July 17, 2000 /PR Newswire/ - Exigent International, Inc. (Nasdaq
SmallCap Market(R): XGNT; Chicago Stock Exchange: XNT) today announced that
Glenn Dennis has been named President of Exigent Solutions Group (ESG).
Mr. Dennis is an experienced senior executive with a highly successful track
record. He brings over 15 years of diversified experience in the
software/hardware/technology and professional services industry. He has held
executive positions at SoftMed Systems, GE Capital, MicroAge, and HEM Solutions.
During the last 3 years at SoftMed Systems, he served as Chief Operating Officer
and increased revenue of the Company from $27 to $52 million. While at SoftMed,
he also expanded the facility to address the company's explosive development and
reorganized the entire company to accommodate its tremendous growth.
Prior to his work with SoftMed Systems, Mr. Dennis held various management
positions including General Manager at GE Capital, considered the largest
independent supplier of comprehensive IT solutions. He has earned a bachelor's
degree from St. Cloud State University in Business Management and Marketing, and
has also completed several GE Management Development courses, in addition to
attending several Executive Development Programs at the Harvard School of
Business.
Commenting on his appointment to Exigent, Glenn stated "I am truly excited about
joining Exigent International as President of Exigent Solutions Group. I look
forward to guiding ESG into the future as we expand our products and services."
"We are very pleased that Glenn is joining our team. His experience and
leadership are significant assets and will be instrumental in furthering our
efforts to identify and create successful IT solutions for our customers and
pursuing new business while developing ERP (enterprise resource planning),
e-business, and providing infrastructure support for our commercial and
government clients" stated B.R. "Bernie" Smedley, Chairman and Chief Executive
Officer.
Exigent International and its subsidiaries provide advanced technology products
and services to worldwide markets. Exigent and its subsidiaries include: Exigent
Solutions Group (ESG), providing Oracle(R), SAP, and Microsoft(R) support
services to government and commercial customers; Software Technology, Inc.
(STI), a leading provider of engineering services and software products to the
aerospace and defense industries; and Exigent Digital Telecom and Wireless
Networks (EDT&WN) providing leading-edge technology services and products
supporting distributed collaborative applications, network resource management,
and message-oriented middleware products.
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Exigent International Inc. (www.xgnt.com) is a publicly traded company, with
headquarters in Melbourne, Florida, near the Space Coast. Exigent International
was formed in December 1996, as a parent company to build upon the strengths and
track record of Software Technology Inc.
For information contact Elizabeth Wilkinson ([email protected]),
321/952-7550, 888/952-XGNT, 321/952-7555 (Fax).
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
In accordance with the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, Exigent International (the "Company") notes that
this press release contains forward-looking statements that relate to future
events or our future financial performance. In some cases, you can identify
forward-looking statements by terminology such as "may", "will", "should",
"expects", "plans", "anticipates", "believes", "estimates", "predicts",
"intends", "potential", "continue", or the negative of such terms or other
comparable terminology. These statements are only predictions. Although the
Company believes that the expectations reflected in the forward-looking
statements are reasonable, the Company cannot guarantee future results, levels
of activity, performance or achievements. Our actual results could differ
materially from those anticipated in these forward-looking statements as a
result of various factors, including but not limited to: Our major products may
not be accepted by the market; intense competition in the satellite ground
system industry could harm financial performance; the length of our sales cycle
increases our costs and hinders our ability to procure contracts; and our
success is dependent on the continued growth of the space industry; and the
other risk factors discussed in Company filings with the Securities and Exchange
Commission. The Company cannot assume that it will be able to anticipate or
respond timely to any of the factors listed above, which could adversely affect
operating results.
