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EXHIBIT 1
[Logo] insci -
statements.com
NEWS RELEASE
FOR RELEASE SEPTEMBER 1, 2000 AT 7:30AM EDT
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Contact: Allen & Caron Inc insci-statements.com
Rene Caron (Investors) John Pemble, President
[email protected] 508-870-4000
949-474-4300
Kari Rinkeviczie (Media)
[email protected]
616-647-0780
INSCI-STATEMENTS.COM PROMOTES SUSAN M. BERGIN TO
CHIEF ACCOUNTING OFFICER
WESTBOROUGH, MA (SEPTEMBER 1, 2000) . . . .insci-statements.com, Corp. (Nasdaq:
INSI), a provider of Internet-based and on-site solutions for electronic
statement/bill presentment services and digital document storage, workflow and
electronic commerce, today announced the promotion of Susan M. Bergin, 49, to
Chief Accounting Officer from Controller. Bergin will takeover the duties of
Roger C. Kuhn, 57, insci-statements.com's Chief Financial Officer, who is
retiring, effective today. Kuhn, who served as the Company's CFO for four years,
will continue to be involved with the Company as a consultant for three days a
week over the next few months to ensure continuity and will be available to
assist with future special projects.
E. Ted Prince, Ph.D., insci-statements.com Chairman and CEO, commented, "We wish
Roger the best in his retirement and thank him for his years of service and for
his commitment to continue to work with us as a consultant. Roger has provided
us with excellent financial leadership in the strategic initiatives we have
implemented during the past several years including acquisitions, fund raising
and business structuring."
Bergin joined insi-statements.com in 1998 and has served as its Corporate
Controller until this promotion. During the last year, Bergin has progressively
assumed the areas of responsibility previously managed by Kuhn. She is
responsible for SEC reporting and compliance, treasury functions, corporate
disbursements, tax compliance, banking relationships, budgeting and forecasting,
and management of corporate accounting functions including the integration of
two separate acquisitions.
Dr. Prince said, "Susan's collective work experience and tenure at the
Company during our transition in the electronic bill presentment and payment
and portal space, makes her well qualified to supporting us in continued
growth."
Bergin has held controller-level positions at two publicly traded companies and
various financial management positions in the technology, manufacturing and
retail sectors. She has over twenty years of experience in financial statement
preparation, SEC reporting, auditing, planning and analysis, taxes, and
treasury.
MORE-MORE-MORE
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INSCI-STATEMENTS.COM PROMOTES SUSAN M. BERGIN TO CHIEF
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From 1992 to 1998, Bergin served in a range of financial positions with Natick,
MA-based The Marmaxx Group, a multi-billion dollar off-priced retailer through
such stores at T.J. Maxx and Marshalls. At the Marmaxx Group she managed the
company's multi-billion annual budget process, which included Sales, Gross
Margin, Inventory and Profit Plan, was involved in Marshalls acquisition
analysis, and responsible for contractual compliance with major credit card and
credit card processors.
She was with Clearpoint Research Corporation, a Hopkinton, MA-based manufacturer
of add in memory and disk subsystems from 1987 through 1992. While at
Clearpoint, Bergin served as Assistant Controller of this $75 million
manufacturing company and was responsible for management of all accounting
functions, including General Accounting, Budgeting, Accounts Receivable,
Accounts Payable, Payroll, and Cost Accounting.
From 1983 to 1987, Bergin served as Controller for Hudson, MA-based Artel
Communications Corporation, a manufacturer of fiber optic transmission devices.
At Artel, she was responsible for preparation and filing of all SEC reports,
managing over $6 million in IPO funds and all planning, analysis and
forecasting. She also directed the accounting staff and was responsible for
formalizing the Company's personnel and accounting policies, procedures, and
methods of reporting.
Bergin graduated from the University of New Haven with a Bachelor of Science in
Accounting. She resides in Shrewsbury, MA with her family.
ABOUT INSCI-STATEMENTS.COM
insci-statements.com is a leading provider of statement/bill portal services and
digital document storage, workflow, and electronic commerce solutions. The
company's portal services and software solutions are designed to help customers
become more competitive, streamline business processes, improve customer
service, and take advantage of new technological developments to drive revenues.
For more information about insci-statements.com, visit its home page on the
Internet at www.insci.com
For additional investor relations information visit the Allen & Caron Inc Web
site at www.allencaron.com
The statements in this press release that relate to future plans, events or
performance are forward-looking statements that involve risks and uncertainties,
including risks associated with uncertainties pertaining to customer orders,
demand for products and services, development of markets for the Company's
products and services and other risks identified in the Company's SEC filings.
Actual results, events and performance may differ materially. Readers are
cautioned not to place undue reliance on these forward-looking statements, which
speak only as of the date hereof. The Company undertakes no obligation to
release publicly the result of any revisions to these forward-looking statements
that may be made to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events.
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