SOURCE: California News Tech

July 07, 2005 09:00 ET

California News Tech Announces Appointment of Seymour I. Rubinstein to the Board of Directors -- Previously Nominated Directors Elected

SAN FRANCISCO, CA -- (MARKET WIRE) -- July 7, 2005 -- Marian Munz, Chairman and Chief Executive Officer of California News Tech (OTC BB: CNTE), the creator of the Media Sentiment™ (www.MediaSentiment.com), Media Sentiment Index™ and aHeadsUp™ (www.aHeadsUp.com), decision tools for active investors, is pleased to announce the appointment of Seymour I. Rubinstein and Dave Dunn to the Company's Board of Directors. Previously nominated directors are elected.

"I am very excited to see our new board, which brings together top talent, vast experience and first-class business acumen," said Munz.

The new board of California News Tech is composed of the following:

Mr. Dave Dunn, Director, is founder and CEO of e-agency, Inc., the award-winning interactive marketing communications firm located in the San Francisco Bay Area. He has spent more than 30 years as a branding professional working for start-ups, Fortune 500 firms and non-profit organizations. Mr. Dunn's first branding experience started in graduate school when he co-founded Re-Con Systems, which went public in February, 1969. He started his business career working for J.Walter Thompson Advertising in its New York office. His agency career also includes stints at Dancer, Fitzgerald & Sample and the San Francisco office of Saatchi & Saatchi, where he was a director and senior vice president responsible for the Hewlett-Packard advertising account. He has gained experience with more than two dozen brands of some of the nation's largest consumer packaged-goods companies. His experience includes new product introductions, brand building and brand restaging for General Foods, Georgia-Pacific, Warner Lambert, KFC, Cheeseborough-Ponds, Heublein, Seagrams and Foster Farms. In 2002, Mr. Dunn was honored as the "Entrepreneur of the Year" by the Oakland Metropolitan Chamber of Commerce. Mr. Dunn is a graduate of Stanford University and has an M.B.A. from the Wharton School of Finance and Commerce.

David A. Hotchkiss, Ph.D. is a Director. Dr. Hotchkiss is a Principal Program Manager for Kaiser Permanente in the Information Technology division, where he provides portfolio and program management for all financial services, programs and projects. He started in this position in February, 2003. From 2001 to 2002, Dr. Hotchkiss served as Vice President of Operations for A&G Electric & Communications where he led both divisions of this privately held company. He developed operating standards, the five-year business plan, negotiated contracts and oversaw all projects. During 2001, Dr. Hotchkiss also served as a director of A&G Electric & Communications, Inc. From December of 2000 to May of 2001, Dr. Hotchkiss worked for Agency.com as its Regional Vice President of Operations and Project Management for the San Francisco Region. From August of 1999 to July of 2000, Dr. Hotchkiss worked for iXL, Inc. as the Vice President of Project Management and Process, where he oversaw all regional projects, developed project manager skills, and developed standard processes for delivering projects. Dr. Hotchkiss worked for KPMG Peat Marwick LLP from October of 1997 to May of 1999 as a Senior Manager and worked in the capacity as Director of Project Management, where he established a newly created project management department for government services projects. Dr. Hotchkiss holds a Ph.D. from De La Salle University.

Mr. Robert C. Jaspar is our Secretary, Chief Financial Officer, and a Director. Mr. Jaspar has held these positions since April, 1999. Mr. Jaspar also serves as a consultant to California News Tech. From June of 1996 to March of 2000, Mr. Jaspar worked for GE Capital-IT Solutions, the national re-seller of computer systems and related services to major corporations and government agencies, first as Regional Controller and Financial Manager for the Western US, and then as the Director of Regional Service Operations. Mr. Jaspar's previous experience included Siemens Medical Systems as its Assistant Corporate Controller and Manager of Finance and Accounting as well as in a consulting role with Vanstar Corp. as Director of Accounts Receivable, where he reorganized their national Accounts Receivable organization while reducing their average collection period by 24%. Mr. Jaspar holds an Executive M.B.A. in Finance from Saint Mary's College, and a B.A. in Business Administration and Accounting from the California State University.

Mr. Marian Munz is our President and Chief Executive Officer and a Director. Mr. Munz has held those positions since our inception on January 22, 1999. Mr. Munz also serves as a consultant to California News Tech. Since March of 1997, Mr. Munz has been developing software for the internet. One package has been recognized as recent as 10/19/04 by PC Magazine as a "nifty utility which improved the way your browser searched and stored information." Netonizer™, the first multi-window browser and knowledge management tool capable of browsing the web, ftp servers, internal servers and hard drives as well as creating and browsing CD-ROM catalogs, has been reviewed by prestigious publications such as PC Magazine, Windows Magazine, Byte, PC World, Computerworld as well as industry expert, John C. Dvorak. Mr. Munz has also provided Information Technology consulting services to companies such as: IBM, Sun Microsystems, Apple Computer, SBC Communications, Chevron and others. Mr. Munz holds an M.S. in Information Systems from Golden Gate University in San Francisco.

Mr. Seymour I. Rubinstein, Director, is a renowned software industry inventor, best known for founding MicroPro International Corporation. There he designed and sold over 7 million copies of WordStar, the first commercially successful word-processing program operating on a microcomputer, setting a new standard against the standalone word processors in use at the time. Most recently, Mr. Rubinstein served as President of Prompt Software, where he secured four international software patents for text research and provided support for numerous collegiate research projects. He also has held directorships with several software companies, including IMSI, InterTrust Technologies and Prompt Software. In 1986, Mr. Rubinstein founded Surpass Software Systems, which was sold to Borland International, who renamed the product QuattroPro. Previously, as vice president of marketing at IMSAI Manufacturing Corp, Rubinstein tripled the company's revenues over an 18-month period, and wrote and signed the first contract with Bill Gates and Paul Allen of Microsoft and Gary Kildall of Digital Research for CP/M.

Rubinstein holds a B.S. from City University of New York, and an M.B.A. from The Baruch School of Business.

Contact Information

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