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[ENHERENT LOGO]
ENHERENT EXECUTIVE ASSUMES CFO ROLE,
AS PART OF CORPORATE SERVICES CONSOLIDATION.
FOR IMMEDIATE RELEASE
Dallas, TX (September 15, 2000) - enherent Corp. (NASDAQ: ENHT,
www.enherent.com), a leading provider of e-business and IT solutions, has named
Jack D. Mullinax Chief Financial Officer and Executive Vice President of
Corporate Services. The appointment is part of the company's consolidation of
shared corporate services, as well as its corporate headquarters relocation.
Mullinax has been Executive Vice President at enherent since July of
1999, with responsibility for human resources and infrastructure. Prior to
joining enherent, he spent 30 years in leadership positions at IBM, in technical
operations, finance and human resource management. Additionally, he is Vice
Chairman of the board of Southwest IBM Employee Federal Credit Union and has
been a director of this organization since 1995.
According to enherent's president and CEO, Dan Woodward, "enherent is
fortunate to have someone with Jack's credentials assuming the role of CFO and
leading our newly consolidated Corporate Services function. The transition has
been a smooth one, as we anticipated." The CFO spot has been held by Rocco
Mitarotonda, who will not be relocating with the Finance Department to Dallas
from his home in Westchester, New York. Woodward explains, "Rocco has been an
important part of our management team, playing a critical role since I came on
board in May of 1999. We owe Rocco a debt of gratitude and we wish him well."
Mitarotonda has been assisting with the CFO transition since June and will
remain with the company through the end of September.
This press release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995 about the future operations and
expectations of the Company and contains statements regarding the Company's
beliefs, intentions and expectations about developments, results and events that
will or may occur in the future. Such forward-looking statements are based on
certain assumptions and analyses made by the Company derived from its experience
and perceptions. Actual results and developments may vary materially from those
described, as they are subject to a number of known and unknown risks and
uncertainties. Such risks and uncertainties include, but are not limited to,
general economic, market and business conditions in the
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IT industry; any hoped for benefits of the appointment described herein; the
Company's ability to retain qualified IT personnel; demand for the Company's
services; and various other factors set forth under the caption "Factors That
May Affect Future Results" in Item 7 of enherent's (f/k/a PRT Group Inc.) Annual
Report on Form 10-K for the year ended December 31, 1999.
For additional information, contact:
Richard Rosenfeld Mark Hopkins
(914) 345-3800 (860) 687-2285
[email protected] [email protected]
