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FOR IMMEDIATE RELEASE
CONTACT:
Mark Johnson Tamela Phillips
Investor Relations Public Relations
Luminant Worldwide Corporation Luminant Worldwide Corporation
713.479.7215 770.725.4854, Pager 888.734.0893
[email protected] [email protected]
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LUMINANT BOARD APPOINTS JAMES R. COREY AS CEO
DALLAS, SEPTEMBER 26, 2000 -- Luminant Worldwide Corporation (NASDAQ: LUMT),
a leading integrated professional e-business services firm, announced today
that its Board of Directors has named James R. Corey chief executive officer.
Corey will also retain his former title of president and chief operating
officer of Luminant. Corey succeeds Guillermo G. Marmol, who resigned to
pursue other independent business ventures.
"The board is confident that Luminant is in solid hands with Jim Corey," said
Michael Jordan, chairman of the board. "He has served as president through
our first full year of operations and has been a member of the board of
directors since the company's formation. He is extremely qualified to lead
the company in his new role as CEO."
"We are grateful to Gil Marmol for his role in developing the concept for
Luminant, taking the company public and helping Luminant become a leader in
the Internet professional services industry," continued Jordan. "With the new
round of financing Luminant announced last week, the company is well
positioned for the fourth quarter and beyond."
"I am looking forward to the challenge of leading Luminant forward through
its next phase of growth and development," said Corey. "We've assembled a
highly talented and motivated group of professionals, we enjoy strong
relationships with an important group of Global 1000 companies and we have
meaningful strategic partnerships with valued allies. Recent industry
developments are producing a distinct shift in the marketplace that will
favor firms like ours that are built on delivering innovative e-business
ideas and solutions that can produce strong ROIs," Corey concluded.
Prior to joining Luminant, Corey was managing director of Potomac Partners,
an electronic commerce strategy consulting firm he founded in 1997 and led to
merge with eight other leading Internet professional services companies to
become Luminant in 1999. His vision has supplied the underpinning of
Luminant's successful national strategy practice, which provides a focus on
important issues in Global 1000 organizations and significant downstream work
for the Company's implementation and support practices.
Before founding Potomac Partners, he was co-chief operating officer of AT&T
Solutions and managing partner of its consulting division. He has also
served as president of the Worldwide Professional Services Group at Unisys
Corporation, and was a partner of McKinsey & Company, Inc. and Andersen
Consulting.
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ABOUT LUMINANT
Luminant Worldwide Corporation (www.luminant.com) is one of the world's most
experienced integrated e-business services firms. Luminant professionals
(known as Luminaries) "stretch the Net" to deliver business value through
increased revenues, productivity and customer loyalty. Multidisciplinary
client teams imagine and realize successful strategy, creative, technology
and marketing solutions for the company's premier client base.
Some of the firm's clients include Administaff, Inc., Verizon Communications,
The Container Store, Dr Pepper, Enron Corp., IBM Corporation, MasterCard
International and United Airlines.
Based in Dallas, Luminant has principal locations in Atlanta, Chicago,
Denver, Houston, New York, Washington, D.C., San Francisco and Seattle.
FORWARD-LOOKING STATEMENTS:
THIS PRESS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS RELATED TO THE
COMPANY'S OPPORTUNITIES, EX AND FUTURE GROWTH. THESE FORWARD-LOOKING
STATEMENTS ARE MADE PURSUANT TO THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE
SECURITIES LITIGATION REFORM ACT OF 1995.
FORWARD-LOOKING STATEMENTS ARE BASED ON CURRENT MANAGEMENT EXPECTATIONS.
THESE STATEMENTS CAN BE AFFECTED BY INACCURATE ASSUMPTIONS THE COMPANY MIGHT
MAKE OR BY KNOWN OR UNKNOWN RISKS AND UNCERTAINTIES, INCLUDING RISKS
DESCRIBED IN ITS FINAL PROSPECTUS FILED WITH THE SECURITIES AND EXCHANGE
COMMISSION PURSUANT TO RULE 424(b)(4) ON SEPTEMBER 16, 1999 AND ITS OTHER
FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION. ANY OR ALL OF THE
FORWARD-LOOKING STATEMENTS THE COMPANY MAKES IN THIS PRESS RELEASE OR IN ANY
OTHER PUBLIC STATEMENTS MAY TURN OUT TO BE WRONG.
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