GlobalWare Names COO and CFO

 

Contact: Corporate Communications, GlobalWare Solutions, 978.469.7314, rlanglois@gwsmail.com


HAVERHILL, Mass.-Tuesday, December 11, 2001- GlobalWare Solutions (GWS), a leading global provider of Software Contract Manufacturing, Content Management and eMarket Solutions, today announced the promotion of Maria Muise to Chief Operating Officer and the appointment of Dennis McCarthy as Chief Financial Officer.

Ms. Muise has been with GWS since 1996 and in her role as CFO has been instrumental in the dynamic growth and success of the company. During her tenure, GWS has seen a 500% increase in revenue and has expanded to four locations. She oversaw the west coast acquisition of Bindco, effectively doubling the size of the company in 2000 as well as a greenfield buildout of the GWS Amsterdam facility the same year.

In November 2001, Ms. Muise was a key driver as the company raised an initial round of $30,000,000 in equity capital through a private placement of common and preferred stock with Mezzanine Management LLC one of Europe's largest private equity investment firms. Ms. Muise is a Certified Public Accountant with a finance MBA from Bentley College and a BS in Business Administration from Merrimac College.

"Maria Muise has made a tremendous positive impact in our company over the past two years vastly exceeding her responsibilities as Chief Financial Officer," said Jim Bartlett, CEO of Globalware in making the annoucement. "Maria has proven her ability and is an integral part of the decision making process at GWS. She has earned and richly deserves this opportunity."

In this expanded role, Ms. Muise will have overall corporate responsibility for finance, operations and technology and will report directly to the CEO.

Moving into the CFO role will be Mr. McCarthy, who brings more than 25 years of domestic and international financial leadership focusing on asset utilization and growing shareholder value in the areas of sales, marketing, manufacturing, planning/analysis and systems. He comes to GWS from Polaroid Corporation where he served in several senior level positions. His main concentration has been on business strategy, forecasting, managing appropriate financial metrics and increasing operational results through effective fiscal management. He has had responsibility for divisions in the US, Canada, Puerto Rico, Mexico, Europe and Asia.

Mr. McCarthy's extensive experience overseeing multi million dollar corporate budgets and working with senior level officers will be a crucial component of GlobalWare’s continued expansion and focus on operational excellence.

"Proper management of our assets has become more crucial in light of our recent infusion of equity capital," said Mr.Bartlett. "Our shareholders, employees and customers demand that we drive value in the marketplace and Maria and Dennis are the perfect team to ensure that we identify and capitalize on the cost and asset utilization opportunities that we are facing."


About GlobalWare Solutions
Headquartered in Haverhill, MA, GlobalWare Solutions provides global software contract manufacturing, digital content management, and e-market solutions for the world's technological leaders. The Company works with hardware and software OEMs to manage their value chain services, which include, new product release, content management, software manufacturing, fulfillment, distribution, and reverse logistics. GlobalWare Solutions also teams up with companies in the rapidly growing electronics manufacturing services ("EMS") industry to provide a complete outsourced solution for hardware-software products. The Company's e-Market solutions include digital collaboration tools, web store development and vertically integrated manufacturing and fulfillment services. GlobalWare's Digital Content Management services provide management of client information across enterprises. Content is securely submitted, validated, tagged, cataloged, wrapped, managed and stored within the GlobalContent system. This enables valuable information to be searchable and accessible from anywhere within the enterprise or via the Internet. The company's web address is
http://www.globalwaresolutions.com