For additional information, please contact:
Paul Ayres, President and CEO Tracy Mansolillo
Beverly Chiarelli, Director of Marketing RDW Group, Inc.
Tel. (UK): (44) 1784-895-048 Tel: (401) 521-2700 x156
Tel. (US): (781) 359-9650 x419 tmansollilo@rdwgroup.com
paul.ayres@authoriszor.com ------------------------
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beverly.chiarelli@authoriszor.com
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Authoriszor Inc. Reports Resignation of President and CEO Richard A. Langevin
Paul Ayres to Assume Role as President and CEO
Andrew Cussons to Assume Role as Chief Financial Officer
Burlington, Mass, January 30, 2001 - Authoriszor Inc. (NASDAQ: AUTH), a
leading-edge provider of patent-pending website and e-commerce security
solutions, today announced that Richard A. Langevin has resigned as President,
Chief Executive Officer and Interim Chief Financial Officer, and as a member of
the Board of Directors of Authoriszor Inc. for personal reasons, effective
January 31, 2001.
The Board of Directors announced that Paul Ayres, currently Managing Director
for Authoriszor Ltd., a wholly-owned subsidiary of Authoriszor Inc., has been
appointed to become President and Chief Executive Officer of Authoriszor Inc.
and to a position on the Board of Directors of the Company, effective January
31, 2001. Mr. Ayres, formerly General Manager for Northern Europe for Netscape
Inc., joined the Company from Real Networks where he was General Manager for
European Operations. Mr. Ayres has been with Authoriszor Ltd. since October
2000.
In addition, the Board of Directors made the following announcements:
o Andrew Cussons has been named Chief Financial Officer and a member of the
Board of Directors of the Company, effective January 31, 2001. Mr. Cussons
has been the Chief Financial Officer of Authoriszor Ltd. since January
2000. Mr. Cussons was previously employed as Finance Director and Secretary
for Meta4Systems and, prior to that, as Finance Director and Secretary of
Cadhouse Systems Ltd., both of which specialized in engineering software.
o James L. Jackson will resign from his position as Chairman of the Board of
Authoriszor Ltd. and from his position as Vice President and Secretary of
Authoriszor Inc, effective January 31, 2001. Andrew Cussons will assume the
role of Secretary of the Company.
o Effective January 31, 2001, Ian McNeill will step down from his position as
Chairman of the Board of Authoriszor Holdings Ltd. However, Mr. McNeill
will continue as an active consultant to the Board of Directors of the
Company. Mr. McNeill will be replaced by Geoff Shingles, a current member
of the Board of Directors of the Company.
Raymond Seitz, Chairman of the Board of Authoriszor Inc., stated, "These are
substantial changes that will give renewed vigor and direction to the Company.
We will miss Richard Langevin's energy and dedication, but we fully understand
his decision. In Paul Ayres we are fortunate to find an individual of abundant
talent and experience. We are confident that Paul is the ideal person to give
the Company leadership to pursue the substantial opportunities for our unique
products."
Commenting on his new position, Paul Ayres stated, "Our overall success in the
web security space depends on our ability to effectively execute our strategic
plan worldwide. Authoriszor Inc. is competitively well positioned to demonstrate
its technical leadership in the rapidly growing North American and European
markets. This will be an exciting and rewarding time for all of us at
Authoriszor."
The Company will file a Form 8-K with the Securities and Exchange Commission
with respect to Mr. Langevin's resignation and certain other matters as set
forth in this Press Release.
About Authoriszor Inc.
Authoriszor Inc. is a leading provider of next generation security software. The
company's products include AUTHORISZOR 2000(TM), which consists of Positive ID,
Profile Selector, Virtual Page Publication Systems, Private Pages and Active
Surveillance. Bundled together, Authoriszor's software solution is designed to
offer fail-safe security to companies that require an additional dimension to
their existing network and Internet security technologies while allowing them to
conduct secure e-transactions. For more information visit www.authoriszor.com.
This press release contains forward-looking statements. Actual results may
differ materially from those projected in the forward-looking statements. These
statements are based on current Company expectations and are subject to risks
and uncertainties that may cause actual results to be materially different from
those that may be implied by such forward-looking statements contained in this
press release. Important factors that could result in such differences include:
general economic conditions in the Company's marketplace; those factors
identified in Authoriszor's Form 10-QSB, dated November 14, 2000, including
without limitation, those factors identified as risk factors in Authoriszor's
Form 10-KSB, dated September 29, 2000 and Authoriszor's Prospectus, dated May
19, 2000, as supplemented; and other factors that affect business generally.
Authoriszor, Authoriszor 2000, SZ logo, A Logo and "Secures the Web" are
trademarks and registered trademarks of Authoriszor Inc or its wholly owned
subsidiary, Authoriszor Limited, in the United States, UK, and other countries.