SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) of the
SECURITIES EXCHANGE ACT OF 1934
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Date of Report: September 27, 2002
CELERITY SYSTEMS, INC.
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(Exact Name of Registrant as Specified in Charter)
DELAWARE 000-23279 52-2050585
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
122 Perimeter Park Drive
Knoxville, Tennessee 37922
(Address of principal executive offices)
Registrant's telephone number, including area code: (865) 539-5300
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS.
On September 26, 2002, Celerity Systems, Inc. (the "COMPANY") announced that
Kenneth D. Van Meter had resigned as President, CEO and director of the Company.
Attached hereto, as Exhibit 99.1, is a true and correct copy of the Company's
press release.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CELERITY SYSTEMS, INC.
Date: September 27, 2002 By: /s/ David Hultquist
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Name: David Hultquist
Title: Director
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COMPANY PRESS RELEASE
CELERITY SYSTEMS ANNOUNCES DEPARTURE OF PRESIDENT
Knoxville, Tennessee. BUSINESS WIRE)--September 24, 2002-- Celerity Systems,
Inc. (OTC BB: CESY) today announced that its president and CEO, Kenneth D. Van
Meter, has decided to leave the Company immediately to pursue other interests.
In addition, Mr. Van Meter has resigned from the Board of Directors, of which he
was the chairman. The Company will be managed in the interim by David Hultquist
and by Edward Kidston, members of the Board.
"Ken has done many fine things while leading Celerity," said David Hultquist, "
and we wish him the very best in his new endeavors. The Company will benefit for
some time to come from his many contributions."
"While it is hard to leave, I know that Celerity is in excellent hands", said
Mr. Van Meter, " and they have great potential, especially in the education
market. I wish everyone there the very best."
Celerity Systems is a provider of advanced digital set top boxes and video
servers for interactive television and high-speed Internet. Key markets include
schools, energy companies, hospitality, hospitals and assisted living,
multihousing, telcos, and corporate applications. Celerity can also provide
end-to-end systems through strategic relationships with leading technology
companies. Celerity also provides content for entertainment and education
systems.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: The statements which are not historical
facts contained in this press release are forward-looking
statements that involve certain risks and uncertainties
including but not limited to risks associated with the
uncertainty of future financial results, additional financing
requirements, development of new products, government approval
processes, the impact of competitive products or pricing,
technological changes, the effect of economic conditions and
other uncertainties detailed in the Company's filings with the
Securities and Exchange Commission.
Contacts: Celerity Systems, Inc.
Knoxville, TN USA
David Hultquist
865 539 5300
Web: WWW.CELERITY.COM
Email: GENERAL@CELERITY.COM
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