Nuvo Network Management Inc.

Nuvo Network Management Inc.

June 06, 2005 09:07 ET

NUVO Announces Appointment of David Welling as V.P. Global Sales

OTTAWA, ONTARIO--(CCNMatthews - June 6, 2005) - NUVO Network Management Inc. (TSX VENTURE:NVO), a leading managed services provider for solutions that Maximize IT® availability and performance, today announced the appointment of David Welling as Vice-President, Global Sales. Mr. Welling will manage NUVO's sales operation and channel development.

Prior to joining NUVO, Mr. Welling was CEO of The Penwell Company, a strategy and management consulting business, advising executives in the areas of the application and strategic use of technology to realize their business vision. Previously, he was CEO with Watco, a start-up e-business solutions company which he grew to a $20 million business, becoming one of the 50 fastest-growing companies in Canada. As Vice-President and General Manager for Micro-Boutique Educative Inc./INSO Inc., he led the company's market expansion, building a $40 million/year organization, with more than 3,000 customers.

"Dave is a seasoned leader of innovative growth businesses, with a reputation for building and leading teams to achieve results," said Phil Weaver, President and CEO. "More and more, companies are migrating toward services-oriented solutions, rather than relying on product-specific technologies. Dave brings strong leadership and results-oriented management. This will help us to accelerate our growth and leverage our partner relationships to respond to this new business environment. We're very pleased to welcome him to our team."

"I'm pleased to have the opportunity to contribute to NUVO's leadership position in managed services for enterprise and SMB companies," Mr. Welling said. "IT departments find themselves having to do more with less and supporting more applications than ever, while technology grows in complexity. The need for 24x7 operation, increased regulatory compliance and reporting, and distributed voice and data applications is increasing. NUVO and its business partners are well positioned to respond to this business need."

Mr. Welling holds a Bachelor of Engineering and Management degree from McMaster University. He has been a member of the board of advisors and board of directors of several technology companies, has served on advisory councils to the Ontario government, and is often retained by clients for strategic initiatives.

About NUVO

NUVO (TSX Venture Exchange: NVO) provides remote management and protection of IT infrastructures for businesses worldwide to maximize the availability of their computing infrastructure. NUVO enables our customers to excel by delivering fully integrated, proactive management services and business data. This provides the critical information needed for effective analysis and decision-making to maximize performance and control costs. NUVO achieves this through certified experts, best-of-class technology, deep integration, highly automated processes, and best practices in a 24x7, resilient infrastructure.

Forward Looking Statements

Certain statements included in this press release are forward-looking and are subject to certain risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that may cause results or events to differ from current expectations include, but are not limited to, those set out on NUVO's website at

The TSX Venture Exchange has neither approved nor disapproved the content of this press release.

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