Onvia Announces New Board Members
02 April 2004 - 1:00AM
PR Newswire (US)
Onvia Announces New Board Members SEATTLE, April 1
/PRNewswire-FirstCall/ -- Seattle-based Onvia , a leading
notification service for government agencies and business
suppliers, announced that it has appointed two new members to its
Board of Directors. The appointments, which are effective March 31,
2004, fill directorships left open by the resignations of Nancy
Schoendorf and Kenneth Fox. The new directors are: -- James L.
Brill has served as Vice President of Finance and Chief Financial
Officer of Diagnostic Products Corporation (NYSE:DP), a medical
diagnostics manufacturer, since July 1999. From August 1998 to June
1999, Mr. Brill served as Chief Financial Officer of Jafra
Cosmetics International, a cosmetics manufacturer, and Vice
President of Finance and Administration and Chief Financial Officer
of Vertel Corporation from 1996 to 1998. Mr. Brill holds a Bachelor
of Science from the United States Naval Academy and a Masters of
Business Administration from UCLA. -- Roger L. Feldman is a
principal of West Creek Capital, an investment firm he co-founded
in 1992. Prior to forming West Creek Capital, Mr. Feldman was an
investment banker and an attorney. Mr. Feldman holds a Bachelor of
Arts from the University of Pennsylvania and a Juris Doctor degree
from Columbia Law School. "Nancy and Ken represented the original
venture capital investors in Onvia," said Mike Pickett, Onvia's
Chief Executive Officer and Chairman of the Board. "We benefited a
great deal from their guidance over the past 5 years. Our new Board
members bring years of experience and expertise in the fields of
finance and capital development. I appreciate their commitment to
Onvia and I look forward to working with them to help Onvia
continue to grow and gain shareholder equity." Onvia's Board of
Directors now consists of the following individuals: -- Jeffrey
Ballowe, a director of Verticalnet and a member of the advisory
board of Internet Capital Group. -- James Brill, Vice President of
Finance and Chief Financial Officer of Diagnostic Products
Corporation. -- Roger Feldman, a principal of West Creek Capital,
an investment firm. -- Mike Pickett, Onvia's Chief Executive
Officer and Chairman of the Board. -- Steven Smith, a venture
investor and a director of Onvia since January 2000. About Onvia
Onvia.com, Inc. helps businesses secure government contracts and
government agencies find suppliers online. Onvia assists businesses
in identifying and responding to bid opportunities from more than
50,000 government purchasing offices in the federal, state, and
local government marketplace. Onvia also manages the distribution
and reporting of requests for proposals and quotes from more than
430 government agencies nationwide. The size and strength of
Onvia's network allows suppliers and agencies to find better
matches quickly, saving time and money. For more information,
contact Onvia.com, Inc.: 1260 Mercer Street, Seattle, WA 98109.
Tel: 206/282-5170, fax: 206/373-8961, visit http://www.onvia.com/,
or email . Forward Looking Statements This release contains, in
addition to historical information, forward-looking statements
within the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. These statements are
based on management's current expectations or beliefs and involve
risks and uncertainties. Onvia's actual results could differ
materially from those described in the forward-looking statements.
The following factors, among others, could cause actual results to
differ materially from those described in the forward-looking
statements: Onvia's failure to successfully integrate new Board
members; Board's failure to grow and gain shareholder equity in the
future; and failure of the newly-constituted Board to work
cohesively. For a detailed discussion of these and other cautionary
statements, please refer to Onvia's filings with the Securities and
Exchange Commission (SEC) including Onvia's Annual Report on Form
10-K for the year ended December 31, 2003 and Onvia's Proxy
Statement filed with the SEC on May 8, 2003. DATASOURCE: Onvia
CONTACT: Topher Malarkey of Onvia, +1-206-373-9047 Web site:
http://www.onvia.com/
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