Thomas J. Volpe to Join Board of e-Smart® Technologies, Inc. THURSDAY, August 7, 2003 - San Jose, Ca. PR Newswire-FirstCall via COMTEX - e-Smart® Technologies, Inc. (ESMT) announced the agreement of Mr. Thomas J. Volpe to join the Company's Board of Directors. Mr. Volpe's experience includes that of Senior Vice President, Financial Operations, of The Interpublic Group of Companies, Inc., Vice President and Treasurer of Colgate-Palmolive Company and a Principal of Deloitte, Haskins & Sells. At Interpublic, Mr. Volpe was responsible for the worldwide treasury management of this $7 billion company, including financial analysis, budgeting, approval of all investments, and the financing of mergers and acquisitions worldwide. In addition, Mr. Volpe performed corporate controller functions and conducted comprehensive strategic analyses and plans for the successful integration of acquired companies into the parent company. Volpe was in charge of Interpublic's global enterprise Y2K security risk analysis, as well as the implementation and coordination of the Y2K security protection needed throughout the company's operations in 160 countries. During his tenure at Colgate, Mr. Volpe forged domestic and international banking relationships, negotiated unique global credit and financing arrangements, supervised an investment portfolio of $500 million, restructured $750 million of pension assets, and designed an international risk program constituting captive insurance operations including safety, security and loss prevention. Mr. Volpe was a 1st Lieutenant in the United States Air Force. Mary Grace, president and CEO of e-Smart®'s stated, "We are so very pleased to add a person with Tom Volpe's stature and reputation to our Board. Tom brings an expertise in finance and accounting that will be indispensable as e-Smart® moves from its development stage into full fledged operations." Ms. Grace then added, "We intend to draw upon Mr. Volpe's years of experience and impeccable sense of ethics to do our best to turn e-Smart® into a model of corporate governance and corporate behavior." e-Smart® offers government and industry complete, fully integrated physical and logical security systems centered around its biometrically powered Super Smart Card. e-Smart® and its affiliate, Homeland Defense, Inc., recently announced that they will install and showcase e-Smart®'s technologies at the Port of Beaumont, Texas; a strategic port in the highly vulnerable belt of Texas petrochemical ports. In commenting on his new endeavor, Mr. Volpe said "I have never been more eager to join a company and make a difference. I believe that e-Smart®'s technology and business plan will strike a major blow against terrorism and identity theft at a time when both are escalating out of control and at the same time I believe it will turn e-Smart® into a financially strong enterprise for its shareholders." About e-Smart® Technologies, Inc. Safe Harbor Statement: © 2003 PR Newswire. All rights reserved. |