About IIS, LLC
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Gene Josephs Present:
1998 and Prior:
Education:
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Dr. Professor Aleksandr Shmid Present:
1994 and Prior:
Education:
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Dr. Slava Naumov Present:
1994 and Prior:
Education:
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Rance Blair Present:
1998 and Prior:
Education:
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Please Contact Your System 390 Business Partner or
Technical Info: Monte Anglin: manglin at gs-s dot com
Marketing Info: Gene Josephs: gjosephs at gs-s dot com
FOR IMMEDIATE RELEASE
MILCOM FORMS JOINT VENTURE WITH RUSSIAN SOFTWARE COMPANY
Orlando, FL, December 1, 1999 ---Military Commercial Technologies, Inc. (MILCOM-http//www.milcom.net/), a world leader in commercializing military technology, announced the recent formation of its fifth start up company---Interpretive Information Systems, LLC (IIS, LLC). IIS, LLC, which will be headquartered in Orlando, is a joint venture between MILCOM and EC-Leasing, a Russian software development and computer leasing company, headquartered in Moscow. IIS, LLC will have overall responsibility for the worldwide marketing of ISX and related professional services.
The ISX software product, developed in Russia is based upon customer requirements within Russia. These requirements included operating back level IBM Operating Systems on the latest IBM technology. ISX provides the framework to operate IBM’s current and non-current S/390 and all non-current S/370 Operating Systems and their applications on IBM’s latest S/390 CMOS hardware systems and IBM’s premier OS/390 operating system software products with no modification. IBM customers worldwide can now use ISX to migrate to the latest IBM technology S/390 offerings. Entire legacy computer software systems can be migrated to new IBM mainframes within hours using ISX.
Currently, there are 25 customers in Russia and in Germany who are using this software technology to help run their businesses. A formal Software Remarketing Agreement has been signed between IBM and IIS. It is the objective of IIS, LLC to expand the number of ISX customers worldwide to thousands over the next 5 years. According to Mr. Josephs, "the initial marketing strategy for IIS, LLC will be to use IBM’s worldwide existing network of S/390 business partners".
MILCOM has appointed Gene Josephs CEO of IIS, LLC. Mr. Josephs is President of Investment Partners of Orlando (IPO), a group he helped form after his retirement from IBM in 1997. He is an advisor to the executive management of Computer Concepts Corp., a software company focused on internet based decision support software products; a founding director and chairman of Executive Committee of First Mercantile National Bank, recently sold to Regions Financial Services; present Director of First National Bank of Central Florida and corporate securities representative for the TransAm Private Offering annual Tax Certificate Program. Mr. Josephs was a Senior Manager at IBM with 31 years of management, marketing and engineering experience. Mr. Josephs has a Bachelor of Science degree in Physics and an MBA from New York University.
Gene Josephs has formed a strong working relationship with the principals of EC Leasing who have developed world-class operating systems software designed primarily for IBM S/390 Server Systems. Mr. Josephs stated, "This new company will be able to market the primary software product Interpretive Space Executive (ISX) worldwide. The combination of the unique Russian software technology with MILCOM’s total support structure and professional management team will provide the framework for a quick start and a successful business venture." Mr. Josephs anticipates that IIS, LLC will be profitable by midyear 2000.
Dr. Professor Alexander Shmid, Principal of EC-Leasing and Chief Technology Officer for IIS, LLC stated, I believe that the combination of the Russian high-tech computer systems results and MILCOM’s infrastructure gives IIS, LLC the opportunity to invest in worldwide Information Technology."
Dr. Viacheslav Naumov, Principal of EC-Leasing and Director of Development of IIS, LLC stated, I am happy to make available EC-Leasing’s over 30 years experience with IBM compatible mainframe systems development for world-wide customers."
Mike Buffa, MILCOM CEO stated, "MILCOM continues to expand its reach to find proven technologies that can be used to create dominant technology companies. In the past year MILCOM has dramatically expanded its network to find unique technologies throughout the world and will continue this expansion in the coming year. We are very fortunate to be able to work with world-class talent like Dr. Shmid and Dr. Naumov to launch this venture in Central Florida."
About Military Commercial Technologies, Inc.
Military Commercial Technologies, Inc. ("MILCOM") creates dominant technology companies using a proven, risk-mitigating business development process. MILCOM forms high-growth commercial companies based on well-funded, proven technologies that are typically acquired from major military contractors (e.g. Lockheed Martin). Since its inception in 1997, MILCOM has developed four portfolio companies (Triton Network Systems, Inc., TeraNex, Inc., Theseus Logic, Inc. and Centerpoint Broadband Technologies, Inc.), which collectively, have attracted over $151 million in investment capital.
One important component of MILCOM’s business development process is the acquisition of technologies that offer significant competitive barriers. Technologies acquired by MILCOM portfolio companies typically have patent and/or other IP protection, are often formerly classified, and generally have been developed with millions of dollars in Federal government and defense contractor R&D funding (in excess of $150 million in some cases).
Another important component of MILCOM’s business development process is the Company’s ability to identify and define unique products that solve specific commercial problems. The task of matching a dominant military technology to an appropriate commercial product–if one exists–is a creative, iterative process that includes extensive interviews with industry leaders and potential commercial customers. MILCOM makes full use of its team of technical and commercial advisors to analyze a range of product possibilities before settling on a particular course. MILCOM advisors include former senior-level Department of Defense personnel, defense industry executives from companies including Lockheed Martin and Raytheon, and former Presidents of commercial companies including Sprint, The Walt Disney Company and Cincinnati Bell Information Systems.
About EC Leasing
EC-Leasing is an independent Russian software vendor and IBM mainframe business partner. The company was created in 1994 by a group of software engineers. During the last 30 years these engineers developed IBM mainframe compatible operating systems. Their operating systems were installed in 15,000 IBM compatible mainframes in the former Soviet Union.
EC-Leasing accumulated this high-tech software experience and won more than fifty percent of the Russian IBM mainframe market. EC-Leasing currently has developed software that is being sold by IBM worldwide.
For further information on MILCOM please visit our web site at http://www.milcom.net.
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Contact:
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For MILCOM: |
For IIS: Gene Josephs (407) 862-4658 gjosephs at gs-s dot com |
This press release contains certain forward-looking statements that involve risks and uncertainties. Actual results could differ materially from those projects or suggested in any forward-looking statements as a result of a wide variety of factors and conditions, including but not limited to, general economic and business conditions, competition, changes in technology and methods of marketing, and various other factors beyond the Companies' control.
Executive Overview