STAMPS.COM ANNOUNCES ADDITIONAL MANAGEMENT APPOINTMENT
SANTA MONICA, Calif. – June 20, 2000 – Stamps.com™ (Nasdaq: STMP), the leading provider of Internet mailing and shipping services, today announced that Doug Walner, senior vice president of business development, has been promoted to senior vice president and general manager of its Small Business Strategic Business Unit (SBU). In his new role, Walner replaces Peter Bergman who recently left the company due to family reasons.
As general manager of the Small Business SBU – which has more than 200,000 customers since launching just nine months ago – Walner will manage revenue, sales and marketing and operations for the unit, which provides companies with less than 100 employees Stamps.com’s Internet-based mailing and shipping services. Walner will continue to be responsible for developing and managing the company’s strategic alliances and partnerships. Under his leadership, Stamps.com has established strategic relationships with industry leading companies such as America Online, Hewlett Packard, IBM, Intuit, Microsoft and ZDNet, among others.
“As a member of the company’s senior management team for more than two years, Doug has demonstrated strong leadership capabilities and a comprehensive knowledge of both the online mailing and shipping space and the small business market,” said Stamps.com Chairman and CEO John Payne. “He has been instrumental in forging our company’s key strategic partnerships, in addition to utilizing his enthusiasm and business acumen to help us attract some of our top managers. His breadth of experience at the company, coupled with his technology, business and management skills will ensure our company’s continued rapid growth in the important small business market segment.”
Prior to joining Stamps.com, Walner served as an independent consultant. From 1996 to 1998 he was the director of business development at CyberMedia, a leading provider of utility products that was acquired by Network Associates. Prior to joining CyberMedia, Walner worked at Airmedia, Inc., a wireless information solutions company, where he ran both the OEM Licensing and the Developer Relations Group. He received a B.A. degree from Tulane University.
Stamps.com™ provides the easiest, smartest way to mail or ship letters, packages or parcels anywhere, anytime. Stamps.com operates three business units focused on providing valuable e-services allowing small businesses, large corporations and e-commerce companies to control costs and efficiently manage their mailing, shipping and returns operations. Its business is anchored in key relationships with the U.S. Postal Service and United Parcel Service (UPS) and other carriers, including FedEx, Airborne Express, DHL and Yellow Freight. Stamps.com’s subsidiary, EncrypTix Inc., leverages its highly secure, patented technologies enabling companies to provide value-bearing documents like tickets, coupons and certificates over the Internet to consumers. Stamps.com International will extend the company’s reach into foreign markets. Visit sdcmainprod.wpengine.com for more information.
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This release may contain forward-looking statements that involve risks and uncertainties. Important factors, which could cause actual results to differ materially from those in the forward-looking statements, are detailed in filings with the Securities and Exchange Commission made from time to time by Stamps.com, including its annual report on Form 10-K/A for the fiscal year ended December 31, 1999 and its quarterly report on form10-Q for the fiscal quarter ended March 31, 2000. Stamps.com undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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