Exhibit 99.1
COMPANY RELEASE
LAWRENCE QUARTARO NAMED PROMOTIONS.COM ACTING CHIEF FINANCIAL OFFICER
NEW YORK, November 24, 2000 -- Promotions.com, Inc. (NASDAQ: PRMO), the Internet
promotion experts, today announced that Lawrence M. Quartaro has been appointed
the Company's Acting Chief Financial Officer following the resignation of Thomas
Brophy. Formerly Promotions.com's Corporate Controller, Mr. Quartaro will assume
responsibility for all financial functions at Promotions.com.
"Larry Quartaro is a top-notch financial professional. We are very pleased Larry
has accepted this exciting opportunity to increase his contribution to the
Promotions.com management team," said Steven H. Krein, Chairman and CEO of
Promotions.com. "We wish Tom Brophy well in his future endeavors and thank him
for his contributions to Promotions.com."
Mr. Brophy will depart Promotions.com to pursue another opportunity. He joined
the Company as Controller and was promoted to CFO in July 1999.
Mr. Quartaro succeeded Mr. Brophy as Controller of the Company. Prior to joining
Promotions.com Mr. Quartaro, a Certified Public Accountant, held finance related
positions at several companies including KPMG LLP.
About Promotions.com
Promotions.com help marketers and their agencies save time and money by
integrating Internet promotions into their marketing campaigns. The company
leverages its Internet promotion expertise and proprietary technology
infrastructure with a broad range of promotion and direct marketing tools for
clients including Kraft Foods (NYSE: MO), NBC (NYSE: GE) and AT&T (NYSE: T).
This press release may be deemed to contain forward-looking information. Any
forward-looking statements are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. Forward-looking
statements, including statements as to industry trends, future economic
performance, anticipated profitability, anticipated revenues and expenses, and
products or service line growth, may be significantly and materially impacted by
certain risks and uncertainties, including, but not limited to, failure to meet
operating objectives or to execute the operating plan, competition, and other
economic factors. Additional risks and uncertainties are described in the
Company's public filings with the Securities and Exchange Commission.
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Contact:
Larry Quartaro
Acting Chief Financial Officer
212-971-9800
[email protected]
