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Exhibit 99.4
TUESDAY SEPTEMBER 5, 10:34 AM EASTERN TIME
PRESS RELEASE
ENVISION DEVELOPMENT CORPORATION NAMES MICHAEL E. AMIDEO CHIEF EXECUTIVE OFFICER
MARLBORO, Mass.--(BUSINESS WIRE)--September 5, 2000--The Board of Directors of
Envision Development Corporation (AMEX: EDV - NEWS) today announced the
appointment of Michael E. Amideo as Chief Executive Officer. He succeeds Dean M.
Willard, Chairman of the Board, who has served as interim CEO since August 9,
2000.
As CEO of Envision, Mr. Amideo will be responsible for the execution of the
Company's strategies for the development of its eBusiness technologies,
including secure email applications, distance collaboration software and
wireless web-access technologies.
"I have been closely involved in the reorganization and restructuring programs
at Envision and am acutely aware of the key issues facing the Company," Mr.
Amideo said. "Fundamentally, we have exceptional people, products and prospects.
I plan to concentrate my efforts primarily on the transformation of Envision
into a broad-based software development company with companion strengths in
professional services solutions."
"We believe Michael's leadership will bring an energized responsiveness to the
organization and its customers," said Chairman Willard. "The board has great
confidence in his ability to oversee the Company's strategic operations and to
chart the course for Envision's growth. The changes announced today and in the
previous month are in the best interest of our shareholders, customers and
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employees and will further enhance the evolution of Envision's eBusiness
solutions."
Mr. Amideo, 31, has served as the Company's Chief Financial Officer since
February 2000 and previously served as the Chief Financial Officer of
perfumania.com, Envision's predecessor company. Prior to joining perfumania.com,
Amideo worked in the audit and business advisory practices at Arthur Andersen
LLP and PricewaterhouseCoopers LLP.
Envision Development Corporation (www.edvcorp.com) is a rapidly growing leader
in providing Web-centric transactive technologies through breakthrough
applications development and end-to-end eBusiness solutions.
This press release contains forward-looking statements that involve risks and
uncertainties that could cause actual results to differ materially from those
set forth in the forward-looking statements. Such risks and uncertainties are
described in the Company's filings with the SEC, including its Current Report on
Form 10-K.
