LOS ANGELES, CA, July 20, 2001 - Vertical Computer Systems, Inc. (OTC BB: VCSY) announced today that it has retained Taurus Global, LLC to provide it with advisory services.
Richard Wade, President of VCSY, commented, "Our plan includes adding to our senior management resources as we enter the revenue expansion phase of our business model. Our data management technologies are now being integrated with each of our distribution channels as well as through our international partners. This holds very exciting possibilities for the near-term future. The principals of Taurus Global have decades of experience as well as great networks of resources and contacts to help us achieve the best financial performance possible."
Michael Rosenberg, Manager of Taurus Global, commented, "VCSY has a strong base of technologies, partners and distribution channels. The data management sector represents a tremendous opportunity. We are pleased to be able to assist them as they expand their business and revenues."
Taurus Global, LLC is a corporate advisory firm providing advisory services with respect to financial and corporate activities. Principal Michael Rosenberg is a veteran corporate financier of more than 25 years, has held various executive positions with leading financial institutions including as Chairman of the Executive Committee of Rosenthal & Rosenthal Inc. Mr. Rosenberg is a Trustee of New York University among others and has published various articles on the subject of money and banking. Principal Franco Scalamandre brings his 20 years' experience as a professional executive in finance and marketing to Taurus Global, LLC.
Vertical Computer Systems, Inc. (OTC.BB: VCSY) is a technology holding company that acquires and operates best-of-the-breed data management technologies that (i) complement each other and (ii) provide cross-product distribution channels. The power of VCSY's business model is multiplied by its proprietary global distribution system, its Home Country Gateway (HCGs).
Utilizing its growing global network of online HCGs, the company offers B2B, B2G and B2C solutions through its wide range of accessible resources that specifically cater to the needs and desires of targeted communities around the world. VCSY has also acquired Globalfare.com -- a complete online travel information center at www.globalfare.com.
At present, VCSY has five HCGs in operation: www.theWorldBridge.com, www.theIndiaBridge.com, www.theUSBridge.com, www.theBrazilBridge.com, www.theChinaBridge.com, and is working to establish other HCG partnerships, including www.theKoreaBridge.com.
The company is continuously developing Emily(TM) Solutions, (www.emilysolutions.com), proprietary XML-based technology providing unique software for e-commerce, information technologies, Web-based data management and process control. VCSY also offers a free, easy and personalized e-mail service for all Web users (www.thepostmaster.net). For more information, visit the company's Web site at www.vcsy.com.
This release contains, in addition to historical information, forward-looking statements. These statements are subject to a number of uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Factors that may cause such a difference include, but are not limited to, competition from other portals, the Company's ability to integrate and market the Emily(TM) software, the market reception to VCSY'S new products, the potential benefits to customers, the conversion of sales leads into customers and the ramp-up of ASP users and other factors over which VCSY may have little or no control such as those described in the Company's filings with the SEC.