SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of July and August, 2000
-----------------------
Electrocon International Inc.
(Translation of Registrant's name into English)
-----------------------------------------------
8/F Blk 8, Prosperity Centre, 77 Container Port Road,
Kwai Chung, N.T. Hong Kong
------------------------------------------------------------
(Address of principal executive offices)
[Indicate by check mark whether the Registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.]
Form 20-F X Form 40-F
------- -------
[Indicate by check mark whether the Registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.]
Yes No X
------- -------
<PAGE>
GETGO Mail.com Appoints Paul G. Lewis President and CEO of
GETGO Mail.com USA, Inc.
HONG KONG--(BUSINESS WIRE)--July 12, 2000--GETGO Mail.com (the "Company")
(NASDAQ: GTGO - news) announced that Paul G. Lewis has been appointed President
and CEO of its wholly owned subsidiary, GETGO Mail.com USA, Inc.
"I am pleased that the Board has chosen me as the President and CEO of the
unified messaging subsidiary of GETGO Mail.com," said Lewis. "Building the
unified messaging subsidiary into a considerable organization will be my primary
objective." The unified messaging subsidiary, GETGO Mail.com USA, Inc., has
developed a unified messaging card and commenced marketing efforts on May 1,
2000.
Prior to joining GETGO Mail.com USA Inc., Paul G. Lewis was President and CEO of
MC2 Corporation, a provider of Wide-Area-Network solutions to FORTUNE 1000
clients including AT&T, Johnson & Johnson, Merrill-Lynch, Merck, Ernst & Young,
Deloitte & Touche, and Philip Morris. Mr. Lewis was named the Small Business
Administration's Young Entrepreneur of the Year and has authored numerous
articles published in various periodicals including Forbes Magazine, Inc.
Magazine, Nation's Business, LAN Magazine, Sales & Marketing management,
Software Solutions, and Technology Today, and has appeared on CNBC-TV as an
expert in computer messaging and mail services. Mr. Lewis has served on the
Novell Platinum Council Advisory Board and the Cisco Systems Steering Council.
He is also a regular lecturer at Universities including the Wharton School of
Business and companies including IBM on topics such as "The Internet and it's
Future Role in America." Mr. Lewis received a BS in Computer Science from
Fairleigh Dickinson University.
Upon a registration statement being deemed effective by the Securities and
Exchange Commission registering the shares of common stock of its wholly owned
subsidiary GETGO Mail.com USA Inc., the Company will distribute 90% of the
issued and outstanding shares of the subsidiary to its shareholders.
GETGO Mail.com USA Inc. is developing credit-card sized communication devices
for the up and coming Unified Messaging market. These devices will allow remote
access to Internet e-mail, voice mail, and faxes by simply being attached to
most cellular/PCS phones or a regular phone line. The proprietary "Visual
Access" technology allows visual sender identity on all communication platforms.
This advance in technology allows for a consistent user experience on all types
of messages. Voice, E-Mail, and Fax messages may be conveniently and remotely
accessed from anywhere in the world that a phone line or cellular connection is
available. GETGO Mail.com holds an exclusive license to make and sell products
that provide a visual listing of voice mail and a link to the corresponding
voicemail through the Internet. For additional information on the Company's new
strategic focus, please log on to www.getgomail.com. For more information:
contact: LKS Consulting at (303) 790-8042 or [email protected].
Statements in this press release that are not strictly historical are
"forward-looking" statements within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These
statements involve a high degree of risk and uncertainty that exist in the GETGO
Mail.com's operations and business environment. Such statements are predictions
only and actual events or results may differ materially from those projected in
such forward-looking statements. Factors that could cause or contribute to
differences include the development the Company's new and uncertain business
model, uncertainty regarding acceptance of the Company's products and services
and the Company's limited operating history in this business segment.
Contact:
GETGO Mail.com USA, Inc.
Corporate Office:
908/730-0066
fax: 908-730-9797
Investor Relations:
LKS Consulting, 303/790-8042
or
Chris Mendrop, 719/632-8341
<PAGE>
GETGO Mail.com Inc. Names Business Leader as
Chairman, President and CEO
DENVER--(BUSINESS WIRE)--July 19, 2000--GETGO Mail.com Inc. (the "Company")
(Nasdaq:GTGO - news), today announced the appointment of Dr. Derrin R. Smith as
Chairman of the Board.
Dr. Smith will also serve as President and Chief Executive Officer with all
appointments effective immediately. He replaces Ed Ting, the founder, who
tendered his resignation in favor of Dr. Smith's appointment.
"This appointment heralds an exciting new era for the parent GETGO enterprise as
the company continues to aggressively pursue its new business vision and
earnings based culture. Expanding into broadband, telecommunications and private
equity ventures is best accomplished by someone of Dr. Smith's expertise," said
Mr. Ting at the conclusion of the Board meeting. New Fiduciary and Advisory
Boards are currently being structured.
Upon his appointment, Dr. Smith, noted for his innovative business strategies,
announced, "We are immediately relocating the GETGO World headquarters to
Colorado, the broadband convergence corridor, and will maintain the advanced
technology facility in New Jersey for the unified messaging enterprise." GETGO
USA CEO, Paul Lewis, completed the technology transfer from Hong Kong to New
Jersey this week.
Derrin R. Smith, Ph.D. is an investment banking principle and chief economist,
who brings more than 20 years of experience from the forefront of
telecommunications and information systems technology. His is active in software
and telecommunications mergers, acquisitions and business development, with
formal credentials in software and telecommunications systems engineering, as
well as finance and economics.
A widely sought after speaker, he has appeared on NPR's Cyber Media Show, been
quoted in the Industry Standard and described as an "Executive Super Hero" by PC
Week in July 1997. In 1999, he was a featured keynote speaker with Robert F.
Kennedy, Jr. at the Business Excellence Conference. He is a member of the
Computer Information Systems Advisory Board, the Colorado Governor's first
telecommunications advisory board, Chairman of the DUET Conference, a senior
executive summit on the convergence revolution in technology, and has served as
an adjunct professor of graduate computer science at the University of Denver.
In February 2000 he was nominated for the Smithsonian Award: Innovation and
Leadership in Science & Technology.
For more information, please go to http://www.getgomail.com/ or contact: Chris
G. Mendrop, 818/475-1509.
Contact:
GETGO Mail.com
Chris G. Mendrop, 818/475-1509
<PAGE>
GETGO Mail.com Inc. NEWS RELEASE
Corporate Office: 908-730-0066 10 Universal City Plaza, Suite 2000
Investor Relations:
Kristin Johnston, 303-331-1943 Universal City, California 91608
URL: www.getgomail.com Corporate Offices: 818-754-3773
-----------------
GETGO MAIL.COM ANNOUNCES BOARD RESTRUCTURING
DENVER, COLORADO - July 24, 2000 -- Dr. Derrin Smith, Chairman and CEO of GETGO
Mail.com, (NASDAQ: GTGO) today announced the restructuring of the fiduciary
Board of Directors. The restructuring complements the transition of the GETGO
business model into the first technology "REVELATOR" that focuses on fast
tracking convergence technology, broadband companies to more rapid revenue
generation. GETGO founder Ed Ting and Asian Operations CFO Clement Cheung have
resigned their Board seats effective July 19th. The resignations were tendered
in favor of incoming members who represent new financial interests and
realignment of the business. Mr. Kevin Fallon is the first new Board appointee.
"We are very excited about Fallon joining our Board as he brings invaluable
hands-on experience. As COO of TAVA he drove the business from $36 million to
$100 million in 2 years while increasing share price from $2 to $8", stated
Smith. "The charter for our Board requires a lot of participation in executing
GETGO's thrust toward content, programming, enhanced Internet services and
expansion of a new Earnings Based Culture (EBC)."
Mr. Fallon is a consultant, board member, and investor for emerging technology
companies. With keen skill in business strategy, Fallon helps presidents to
focus on the core mission of their enterprise. Drawing from an established
worldwide network of contacts he assists entrepreneurs with key introductions to
accelerate growth. An entrepreneur at heart, Fallon has founded five companies
during his career.
From Irish roots, in 1972 Fallon led the quality assurance department for
Charles Jacquin et Cie in Philadelphia. In 1975 he changed careers and joined
Harowe Servo Controls as a Junior Engineer and worked in the design of guidance
systems for robots and missiles. In 1976 he joined RCA Space Division as a
Design Engineer until 1979 when he joined General Electric as a Sales Engineer
for technology based products.
In 1982, he founded and became employed as President and Chief Executive Officer
of the systems integration firm, All Control Systems, Inc. (ACS) in West
Chester, PA. During the early '90s he spawned two new entities, Prometa
Consulting, a technology and business process engineering consulting firm, and
Precision Dispensing, a product distribution firm.
In December 1996 Fallon sold ACS and Prometa to Denver based TAVA Technologies
as part of a national roll-up and served as Chief Operating Officer and a Board
Director for TAVA until July 1999, when the TAVA management team sold the
company to REAL Software, a global company headquartered in Belgium. Fallon
continued in his position as COO until he resigned in March 2000 to pursue new
entrepreneurial ventures. Fallon stated, "GETGO's strategic repositioning
centers it to take advantage of the $3 trillion Internet market. The company has
the potential to emulate Safeguard Scientifics' ICG record growth success. With
a focus on enabling and providing infrastructure for technologies, GETGO will be
able to take advantage of the capital markets to fuel the growth of our future
portfolio partners. The GETGO Mail unified messaging system represents just the
first of many new generation convergence technologies that will be funded and
accelerated to market under the GETGO Revelator business construct."
<PAGE>
Mr. Fallon holds a Bachelor of Science degree in Electrical Engineering from
Drexel University and a Master in Business Administration from the Wharton
School of Business, University of Pennsylvania. He is a member of the Young
Presidents Organization and sits on several fiduciary boards.
For more information, please go to http://www.getgomail.com or contact Kristin
Elizabeth Johnston, 818.475.1509.
Statements in this press release that are not strictly historical are
"forward-looking" statements within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These
statements involve a high degree of risk and uncertainty that exist in GETGO
Mail.com's operations and business environment. Such statements are predictions
only and actual events or results may differ materially from those projected in
such forward-looking statements. Factors that could cause or contribute to
differences include the development of the company's new and uncertain business
model, insufficient capital, uncertainty regarding acceptance of the Company's
products and services and the Company's limited operating history in this
business model.
<PAGE>
GETGO Mail.com, Inc. NEWS RELEASE
8/F, Block B, Prosperity Center 77, 10 Universal City Plaza, Suite 2000
Container Port Road Universal City, California 91608
Kwai Chung, N. T. Hong Kong Corporate Offices: 818-754-3773
GETGO MAIL.COM, INC.
ANNOUNCES FINANCIAL RESULTS FOR THE
YEAR ENDED DECEMBER 31, 1999
DENVER, COLORADO...July 27, 2000...GETGO Mail.com, Inc. (NASDAQ: GTGO), a
leading distributor of semiconductor components, golf equipment products in Hong
Kong, Macau, and China, and a developer of Unified Messaging communications
products in the United States and Asia, announced financial results for the
twelve-month period ended December 31, 1999.
Net sales for the twelve-month period ended December 31, 1999 were
US$17,620,343, a decrease of 21.1% from net sales of US$22,338,588 for the
comparable twelve-months ended December 31, 1998. The Company's gross profit on
sales for the twelve-month period ended December 31, 1999 was US$3,143,190
compared to US$3,750,792 for the comparable period in 1998, a decline 16.2%.
Operating expenses increased 8.6% to US$4,349,782 for the twelve-month period
ended December 31, 1999 from US$4,003,868 for the comparable twelve-month period
in 1998. Losses from operations increased 396.2% from US$(253,076) for the
twelve-month period ended December 31, 1998 to US$(1,255,847) for the twelve
months ended December 31, 1999. Net losses increased 111.1% from US$(673,305)
for the twelve-months ended December 31, 1998 to US$(1,421,589) for the twelve
months ended December 31, 1999.
Edward Ting, who was Chairman and Chief Executive Officer of GETGO Mail.com
during the period being reported, stated, "As we continue to pursue our
2-year-old strategy of diversifying our product offerings to include higher
margin products and use our design-in capabilities to add value to the products
we distribute I believe we are continuing to grow and strengthen vital
distribution channels in China. These channels have historically done very well
for us, and with the addition of Fred Ko as the newly appointed president of
GETGO's Asian operations, we are already seeing some significant changes in our
product margins and new strategies for our distribution resources. We anticipate
that future growth from our Unified Messaging mail product will strengthen our
overall market position in both Asia and the United States."
"I am comfortable taking on the challenges facing GETGO's revitalization,
including the bitter medicine revealed in these financial figures," commented
Dr. Derrin Smith, the new Chairman and Chief Executive Officer of GETGO
Mail.com. "With these numbers, we have drawn a line in the sand that clearly
establishes our financial baseline. On the one side, this report represents the
past, an historical GETGO Mail.com business model and reporting system. On the
other side, we have our future, which will be based on the new GETGO Mail.com
REVELATOR business model. This delineation is important to measure our progress
as we continue to move aggressively forward in implementing our new Earnings
Based Culture and evolve into a technology operating company targeting the new
convergence industries."
<PAGE>
During the past 12 years as a public company, GETGO Mail.com, Inc., formerly
Electrocon International, Inc., has established itself as a significant
distributor of semiconductor products, integrated circuits, programmable logic
devices as well as cell components and chips with gate arrays. In October 1999,
the Company changed its name to reflect its new strategic focus on Unified
Messaging as a result of the Company acquiring license to use the Visual Access
platform in the United States and Asia. For additional information on the
Company, please log on to www.getgomail.com or contact LKS Consulting, Inc. at
(303) 790-8042 or [email protected]. For product information or marketing
partnership opportunities, contact Brenmark Marketing at 818-865-2000 or
[email protected].
Statements in this press release that are not strictly historical are
"forward-looking" statements within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These
statements involve a high degree of risk and uncertainty that exist in the GetGo
Mail.com's operations and business environment. Such statements are predictions
only and actual events or results may differ materially from those projected in
such forward-looking statements. Factors that could cause or contribute to
differences include the development the Company's new and uncertain business
model, uncertainty regarding acceptance of the Company's products and services
and the Company's limited operating history in this business segment. A review
of the Company's financial statement and notes thereto as filed with the
Securities and Exchange Commission on Form 20-F is necessary for a more complete
understanding of the Company's financial condition.
<PAGE>
<TABLE>
<CAPTION>
CONSOLIDATED BALANCE SHEETS
---------------------------
(Amounts stated in United States Dollars)
December 31,
------------
1999 1998
---- ----
<S> <C> <C>
ASSETS
Current assets
Cash and cash equivalents $ 507,535 $ 303,990
Restricted cash 3,728,454 3,956,385
Accounts receivable:
- Trade, less allowance for doubtful accounts of
$643,182 (1998: $212,028) 1,977,581 3,866,119
- Affiliated company, less allowance for doubtful
accounts of $355,841 (1998: $103,938) -- 280,146
- Others 287,274 220,275
Inventories 1,636,567 2,425,248
Costs in excess of billings on construction contracts 61,368 153,808
Prepaid expenses and deposits 85,454 81,479
------------ ------------
Total current assets 8,284,233 11,287,450
Property and equipment, net 323,281 670,251
Investment in an affiliated company -- 2,234
Investments in Golf Club memberships, at cost 494,154 410,055
Intangible assets 438,996 98,773
------------ ------------
Total assets $ 9,540,664 $ 12,468,763
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Short-term borrowings $ 4,683,717 $ 5,481,296
Current portion of obligation under capital leases -- 9,744
Bank loan - due within one year 166,145 --
Loan from related party -- 500,000
Accounts payable and accrued expenses
- Trade 1,835,817 3,769,818
- Others 246,401 337,467
Billings in excess of costs on construction contracts 51,183 74,231
Amount due to director 274,134 134,991
------------ ------------
Total current liabilities 7,257,397 10,307,547
Bank loan - due after one year 29,417 --
Deferred income taxes -- 45,472
------------ ------------
Total liabilities 7,286,814 10,353,019
------------ ------------
Commitments and contingencies
Stockholders' equity
Common stock, par value $0.0001 per share;
authorized 20,000,000 shares;
issued and outstanding 1999: 9,210,920 shares
and 1998: 7,460,420 shares 921 746
Additional paid-in capital 7,783,517 6,223,997
Accumulated deficit (5,493,244) (4,071,655)
Accumulated other comprehensive loss (37,344) (37,344)
------------ ------------
Total stockholders' equity 2,253,850 2,115,744
------------ ------------
Total liabilities and stockholders' equity $ 9,540,664 $ 12,468,763
<PAGE>
CONSOLIDATED STATEMENTS OF OPERATIONS
-------------------------------------
(Amounts stated in United States Dollars)
Year ended December 31,
-----------------------
1999 1998 1997
---- ---- ----
Net revenue $ 17,620,343 $ 22,338,588 $ 29,086,564
Cost of sales (14,477,153) (18,587,796) (25,811,706)
------------ ------------ ------------
Gross profit 3,143,190 3,750,792 3,274,858
Selling, administrative and general expenses (4,349,782) (4,003,868) (3,502,226)
Loss on disposal of a business (49,255) -- --
------------ ------------
Loss from operations (1,255,847) (253,076) (227,368)
Interest income 220,875 224,438 229,252
Interest expense (515,164) (537,310) (461,329)
Equity in loss of an affiliated company (2,234) (121,296) (37,475)
Other income 85,309 37,845 151,115
------------ ------------ ------------
Loss before income taxes (1,467,061) (649,399) (345,805)
Income tax (benefit) expense (45,472) 23,906 21,041
------------ ------------ ------------
Net loss $ (1,421,589) $ (673,305) $ (366,846)
------------ ------------ ------------
Basic loss per share $ (0.178) $ (0.091) $ (0.054)
------------ ------------ ------------
Weighted average number of shares outstanding 7,978,465 7,370,009 6,780,844
<PAGE>
CONSOLIDATED STATEMENTS OF CASH FLOWS
-------------------------------------
(Amounts stated in United States Dollars)
Year ended December 31,
-----------------------
1999 1998 1997
---- ---- ----
Cash flows from operating activities:
Net loss $(1,421,589) $ (673,305) $ (366,846)
Adjustments to reconcile net loss
to net cash provided by operating activities:
Share of loss of an affiliated company 2,234 121,296 37,475
Issuance of stock bonus to employees 42,020 -- 39,375
Issuance of stock to consultants and legal advisor 221,375 -- --
Issuance of warrant (Note 10) -- 75,000 --
Issuance of stock options to consultants and
legal advisor (Note 15) 125,000 -- --
Depreciation and amortization 98,610 149,230 142,852
(Loss) gain on disposal of property and equipment 188,406 (31,786) --
Loss on disposal of business 49,255 -- --
Provision for doubtful accounts 683,057 135,774 28,039
Deferred income taxes (45,472) 23,906 21,041
Changes in assets and liabilities:
Accounts receivable 1,328,727 954,564 (975,005)
Decrease in amount due from affiliated company 28,243 -- --
Inventories 788,681 969,652 1,049,263
Costs in excess of billings on construction contracts 92,440 (153,808) 145,010
Prepaid expenses and deposits (71,679) (19,496) 57,878
Prepaid income taxes -- 41,311 49,084
Accounts payable and accrued expenses (2,015,515) (1,765,676) (1,108,570)
Billings in excess of costs on construction contracts (23,048) (75,830) 150,061
----------- ----------- -----------
Net cash provided by (used in) operating activities 70,745 (249,168) (730,343)
----------- ----------- -----------
Cash flows from investing activities:
Purchase of business, net of cash acquired -- 100,557 --
Disposal of business, net of cash disposal (32,802) -- --
Proceeds from disposal of property and equipment 93,150 338,214 --
Additions to property and equipment (38,536) (68,050) (45,102)
----------- ----------- -----------
Net cash provided by (used in) investing activities 21,812 370,721 (45,102)
----------- ----------- -----------
Balance carried forward $ 92,557 $ 121,553 $ (775,445)
----------- ----------- -----------
</TABLE>
<PAGE>
GETGO Mail.com Inc. NEWS RELEASE
Corporate Office: 908-730-0066 10 Universal City Plaza, Suite 2000
Investor Relations:
Kristin Johnston, 303-331-1943 Universal City, California 91608
URL: www.getgomail.com Corporate Offices: 818-754-3773
-----------------
GETGO MAIL.COM USA SIGNS LICENSING CONTRACT WITH ZIBIO.COM
DENVER, July 28, 2000 -- GETGO Mail.com (the "Company") (NASDAQ: "GTGO") today
announced that its wholly owned subsidiary, GETGO Mail.com USA, Inc. ("GGM") has
entered into an agreement with Zibio Incorporated and its marketplace portal,
zibio.com, to license its Unified Messaging technology.
Under the terms of the agreement, zibio.com has agreed to purchase 250 GETGO
Mail Cards and the license to operate them, as a pilot for its marketplace
portal site. Zibio.com intends to test its subscriber market by making the cards
available to a subset of existing subscribers. Unified Messaging was recently
added to zibio.com's suite of services.
"We are excited that zibio.com has become our first client for the purchase and
distribution of the GETGO Mail Card and associated technology license to its
subscriber market," stated Paul Lewis, President and CEO of GETGO Mail.com USA,
Inc. "By signing this agreement, we have proven that there is valid demand from
the portal market for our product and it's distribution and licensing."
"We are extremely optimistic about our Wireless Web mail initiative," commented
Richard T. Kontir, President and CEO of Zibio Incorporated. "The agreement with
GETGO Mail.com USA, Inc. places zibio.com at the vanguard of this emerging
technology, and enables us to deliver a viable remote mail product into the
hands of our portal users for a much lower cost than other comparable products."
GETGO Mail.com USA Inc. has not only developed a credit card sized communication
device for the up and coming Unified Messaging Market, but also has several
other devices in various stages of development. These devices allow remote
access to Internet e-mail, voice mail, and faxes by simply being attached to
most cellular/PCS phones or a regular phone line. The proprietary "Visual
Access" technology allows visual sender identity on all communication platforms.
This advance in technology allows for a consistent user experience on all types
of messages. Voice, E-Mail, and Fax messages may be conveniently and remotely
accessed from anywhere in the world that a phone line or cellular connection is
available. GETGO Mail.com USA holds an exclusive license to make and sell
products that provide a visual listing of voice mail and a link to the
corresponding voicemail through the Internet. For additional information on the
Company's new strategic focus, please log on to www.getgomail.com or contact LKS
Consulting at (303) 790-8042 or [email protected].
Zibio Incorporated is the parent company of Zibio.com, a "niche marketplace
portal" that provides Internet users with easy access to a wide variety of
goods, products, and services. Visitors to zibio.com can shop online with
hundreds of merchants, make travel arrangements, utilize free e-mail, and more.
In addition to providing a robust consumer interface via zibio.com, Zibio
Incorporated also provides business-to-business solutions via the Zibio Private
Branding program. Through this program, an organization can add a customized
e-commerce shopping interface to their core website without the need to build
their own infrastructure.
<PAGE>
Statements in this press release that are not strictly historical are
"forward-looking" statements within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These
statements involve a high degree of risk and uncertainty that exist in the GetGo
Mail.com's operations and business environment. Such statements are predictions
only and actual events or results may differ materially from those projected in
such forward-looking statements. Factors that could cause or contribute to
differences include the development the Company's new and uncertain business
model, uncertainty regarding acceptance of the Company's products and services
and the Company's limited operating history in this business segment.
Zibio Contact: Getgo Mail.com USA, Inc. Contact:
Terri McAdoo LKS Consulting at (303) 790-8042 or
(908) 638-6494 [email protected].
------------------------
<PAGE>
GETGO Mail.com Inc. NEWS RELEASE
1860 Blake Street, Suite 520
Denver, CO 80202
Corporate Office: 303-380-2177
Investor Relations: 818-475-1509
URL: www.getgomail.com
------------------
GETGO MAIL.COM ANNOUNCES
TECHNOLOGY ADVISORY BOARD APPOINTMENT
DENVER, COLORADO--August 2nd, 2000--GETGO Mail.com (NASDAQ: "GTGO"). Mr. Stephen
G. Pearse, Vice Chairman and CEO of optical systems company Cyras Systems, Inc.
( www.cyras.com ) has become the first new advisor to join the technology
advisory board of GETGO Mail.com, Inc. The GETGO technology advisory board is
being formed to support a significant expansion in broadband technology business
operations.
"Steve Pearse is one of the convergence industry's true visionaries, and his
current CEO activities at Cyras Systems have him uniquely well positioned to
enlighten us with periodic guidance for GETGO Mail.com as a technology operating
company," stated Dr. Smith, the Chairman and CEO of GETGO Mail.com, Inc. "He is
one of the most sought after of Silicon Valley's current 'short list of CEO
champions' and we're hugely fortunate to have his advisory participation for
GETGO."
"Unified messaging functionality is destined to be a strong product in today's
broadband market," said Mr. Pearse from his California offices. "GETGO is
correct to pursue unified messaging, and other embedded intellectual properties
which can become competitive differentiators for service providers.
Infrastructure and enhanced services is what this broadband revolution is all
about. I look forward to this advisory participation with Dr. Smith and GETGO,
while continuing to accelerate along our path at Cyras."
Mr. Pearse brings more than 17 years of experience in executive management from
some of the most prominent players in the data telecommunications industry,
including Nortel, Bay Networks, Time Warner, Sprint and AT&T. He is the only CEO
in the optical infrastructure industry who has held executive positions at both
carrier companies and equipment manufacturers. Mr. Pearse also played a
significant leadership role during the Bay Networks/Nortel merger.
Prior to joining Cyras, Pearse was executive vice president and general manager
of Nortel Networks' Internet/Telecom Business Group. He was responsible for
leading the worldwide development and management of Bay Networks' products and
services, supporting the Internet, telecommunications, routers, data-over-cable
and remote access markets. As vice president of technology planning at Sprint,
Pearse was responsible for designing the world's first cross-country SONET and
ATM network. Also during his career at Sprint, he paved the way for the
company's pioneering deployment of WDM technology and he managed the operations
of the world's largest X.25 and Frame Relay networks. Pearse has also held
executive and senior-level positions with Time Warner Communications and AT&T.
He holds an M.B.A. from the Sloan School of Management at M.I.T, an M.S. in
Electrical Engineering from the Stevens Institute of Technology, and a B.S. in
Mechanical Engineering from the Georgia Institute of Technology, where he was a
GM scholar.
Mr. Pearse will also participate in Denver, Colorado this February as a featured
speaker at the DUET 2001 Conference, which is well regarded as a leading senior
executive summit on the convergence revolution in broadband technology. Mr.
Pearse stated, "I wouldn't miss DUET for the world and you can bet that Cyras
will figure prominently in my discussions there."
For more information, please go to http://www.getgomail.com or contact: Kristin
Elizabeth Johnston, 818-475-1509.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
ELECTROCON INTERNATIONAL INC.
(Registrant)
Date: September 19, 2000 By: /s/ Henry F. Schlueter
------------------ ---------------------------------------
Henry F. Schlueter, Assistant Secretary
