Firstwave Adjusts Its Sports Focus
ATLANTA, March 28 /PRNewswire-FirstCall/ -- Firstwave Technologies, Inc. (NASDAQ:FSTW), a leading provider of industry-focused CRM solutions, is
announcing today that the UK office, which is primarily focusing on the
Company's sports product, led by Shaun Lucas, as Vice President of UK
Operations, will report into Jeff Longoria, Firstwave's Senior Vice President
of Sales. That office previously reported to David R. Simmons, the Company's
President and Chief Operating Officer, who has resigned from the Company
effective March 22, 2005. He will be independently pursuing a potential
purchase of the sports division from the company. Other officers of Firstwave
will assume the other responsibilities of Mr. Simmons.
"We feel we have learned from our experiences in the Sports market, and we will
continue to focus our efforts on growing our deployments within current Sports
customers and on new opportunities where we have a clear competitive
advantage," said Richard T. Brock, Firstwave Chairman and CEO. "We hope that
the planned release of some new products at our May user conference will also
generate revenue momentum in the High Technology market." About Firstwave Firstwave(R) Technologies, Inc. is a global provider of strategic CRM solutions
specifically designed for the Sports and High Tech industries. Firstwave's
solutions provide companies with fit-to-purpose features that optimize how
companies win, maintain and grow customer and organizational relationships
while improving the overall customer experience. With 20 years of experience in
CRM, Firstwave's legacy of CRM best practices and Customer- First Commitment
has earned the Company numerous industry awards and accolades. Firstwave is
headquartered in Atlanta, Georgia. For more information, visit the Company's
web site at http://www.firstwave.net/ or call 1-800-540-6061.
NOTE: Except for historical information contained herein, the matters set forth
in this communication are "forward-looking statements" within the meaning of
various provisions of the Securities Act of 1933 and the Securities Exchange
Act of 1934. Such forward-looking statements can generally be identified by
words such as will, expect, intends, believe, anticipates, should and words of
similar meaning. Firstwave Technologies, Inc. (the "Company") notes that the
forward-looking statements set forth above involve a number of risks and
uncertainties that could cause actual results to differ materially from any
such statement, such as potential fluctuations in quarterly results due to
delays in purchase decisions and other adverse market conditions, whether the
Company will be able to continue diversification of its revenues, competition
and technological developments, the Company's capital requirements and other
liquidity concerns, the Company's ability to continue to comply with NASDAQ
listing requirements, and the size, timing, and contractual terms of orders,
and also the risks and uncertainties discussed under the caption "Certain
Factors Affecting Forward-Looking Statements" in the Company's Annual Report on
Form 10-K for the year ended December 31, 2003, as filed with the Securities
and Exchange Commission ("SEC"), which discussions are incorporated herein by
this reference. The information set forth herein is provided as of the date
hereof. The Company does not assume, and expressly disclaims, any duty or
obligation to update any of the information presented herein with respect to
its consolidated operations or anticipated performance in 2005 or beyond. DATASOURCE: Firstwave Technologies, Inc.
CONTACT: Judi Vitale, CFO of Firstwave Technologies, Inc., +1-770-431-1206, or Web site: http://www.firstwave.net/
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