QuesTec.coms
NEW BOARD OF DIRECTORS TAKE
ACTION
Deer Park, N.Y.,
Wednesday, January 31, 2001 - QuesTec.com,
Inc. ("QuesTec"),
(OTCBB Stock Symbol: QSTI),
announced that the Companys
Board of Directors met during the
weekend of January 27th,
to discuss the company's current
status and future plans. The
Board established clear business
strategies and principles as they
relate to business development,
operating efficiency, managerial
tasks, product pricing, debt
reduction and investor relations.
Select Members of the Board have
now taken active roles in the
Companys day-to-day
operations.
Symbolic of this
"get tough" approach,
the Board elected Steven B.
Greenfield Esq., as
QuesTecs new Chairman of
the Board. Mr. Greenfield, a
long-time investor and advocate
of the Company and its
technology, summed up the
meeting: "This is an
opportune time for QuesTec, and
we will explore every avenue that
can help us achieve success. Our
products are the best and we plan
to deliver that message to anyone
and everyone that will benefit
from what QuesTec has to
offer."
QuesTec founder,
Edward J. Plumacher, said of the
meeting: "There is a new
vitality at QuesTec. We have
established an unprecedented
commitment to growth in the
company and have set clear
directives that will expand our
technology leadership into market
leadership. The diversity and
depth of our new Board of
Directors has proven to be an
invaluable resource, and creates
the right formula for the
Companys success."
QuesTec is a
content-oriented company that
provides real-time measurement,
replay and analysis products for
sports, entertainment and digital
media. The company develops
real-time virtual replays and
eSports technology for mainstream
professional sports. QuesTec's
technology offers unique content
to the convergence of today's
emerging digital media.
"Safe
Harbor" Statement under the
Private Securities Litigation
Reform Act of 1995. The
statements contained in this
release which are not historical
facts, including our outlook on
the future performance of our
core businesses and our growth
strategies, are forward-looking
statements that are subject to
risks and uncertainties that
could cause actual results to
differ materially from those set
forth in or implied by
forward-looking statements. These
risks and uncertainties include
the Company's entry into new
commercial markets, dependence on
existing markets and other risks
described in the Company's
Securities and Exchange
Commission filings.
###
Investor Relations
Contact: QuesTec.com (631)
243-1880 or invest@questec.com
For more information
on eReplays(TM), please visit
www.ereplays.com.
Press releases and
other QuesTec.com information are
available on the QuesTec.com web
site: http://www.questec.com
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