Miracom Corporation Announces Appointment of Ian Hart as Chief Financial Officer
16 September 1999
Miracom Corporation Announces Appointment of Ian Hart as Chief Financial OfficerCompany to Begin Reporting With SEC in October SANFORD, Fla., Sept. 16 -- Miracom Corporation (OTC Bulletin Board: MIRM), the holding company for parts.com(TM) (an e-commerce shopping site for the sale of auto parts) and MiraTouch.com (the only real-time data gathering medium), today announced the appointment of Ian Hart, 35, to the newly created position of Chief Financial Officer of Miracom Corporation, effective October 1999. Mr. Hart's responsibilities will include overseeing accounting, tax and SEC compliance, equity and debt financing activities, cash management and insurance for the Company. The Company also announced that it expects to begin filing its financial reports, including those on Form 10-K and 10-Q, with the SEC in early October. "Ian has a solid understanding of corporate finance and management and possesses keen insight into financial structuring. In addition to his day-to- day responsibilities, he will be spearheading our efforts to rapidly move forward with a number of initiatives designed to enhance shareholder value, including our initial filings with the SEC as well as our anticipated listing on Nasdaq," said Shawn Lucas, Chairman and Co-CEO of Miracom Corporation. "With the expected launch of the final stage of parts.com in the next couple of weeks together with our initial filing with the SEC, Miracom is positioned to receive greater exposure from the investment and media communities," concluded Mr. Lucas. Mr. Hart, a CPA, has extensive experience in accounting and corporate finance for both public and privately held companies. From 1998 to present, Mr. Hart served as the Chief Financial Officer for a Nasdaq small-cap Southern California-based company, where he helped to facilitate the company's financial and operational turnaround. Prior to working at the listed company, he served as the Chief Financial Officer of a private computer network corporation where he helped negotiate its sale. From 1996 to 1998, he served as Chief Financial Officer for a near-bankrupt electrical subcontractor where he helped begin the company's financial turnaround. Prior to that, Mr. Hart worked as a retail financial consultant with Merrill Lynch where he immediately built a $30 million customer asset base. From 1986 to 1992, Mr. Hart worked for Ernst & Whinney, (now called Ernst & Young), a "Big 6" accounting firm. About Miracom Corporation Miracom Corporation is a provider of Internet-based business and on-line buying solutions. The Company is expecting to launch parts.com(TM), an Internet shopping site for the sale of auto parts at discounts of up to 50% retail prices, during Summer 1999. Miracom has also created and developed web-enabled products such as Miratouch(TM), a proprietary system for the provision of on-line research and real-time data gathering services; Epolicy(TM), a web-enabled back-end software for insurance companies; QuickQuote 2000(TM), the front end complement to Epolicy(TM), a web-enabled insurance quoting solution. (This news release includes statements that may constitute forward-looking statements pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Although Miracom Corporation believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be met. Factors that could cause actual results to differ materially from Miracom's expectations include the operational performance of parts.com, the Company's success in entering into strategic alliances, Miratouch's operational and financial performance, industry conditions, demand for its products as well as other risks.)