Until a new President and CEO is appointed, Mr. Gregory Pek, Chairman of the board, will serve as acting President. He along with Mr. Ravi Daswani - Chief Operating Officer, will be responsible for the day-to-day operations of the company. Mr. Pek will head a board committee that will search for a new President and CEO.
About First Ecom
As a global provider of electronic payment processing, First Ecom provides secure, easy-to-implement and low-cost online payment processing services to banks and their merchants worldwide. Through strategic partnerships with banks, ISPs, e-commerce product suppliers, system integrators and storefront solution providers, First Ecom will process credit card transactions made over the Internet in multiple currencies, either domestically or offshore in a tax-neutral jurisdiction.
For more information, visit
Media Contacts: Investor Relations:
Phillip Baldwin (888) 305-8233
First Ecom Stock Symbol: FECC,
(852) 2801-5181 BSX: FECC.BH
phillip.baldwin@firstecom.com
Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. For a discussion of some of these risks and uncertainties, please refer to the company's SEC filings, which contain additional discussion about those factors which could cause actual results to differ from management's expectations. The company specifically disclaims any obligation to update the statements contained in this press release.
# # #