FOR IMMEDIATE RELEASE: Tuesday, January 23, 2001
Contact: Ken Rhines Madeleine Franco
Director of Marketing Jordan Richard Assoc.
(215) 619-7777 ext. 237 801-268-8610
www.capitaresearch.com ir@jordanrichard.com
CAPITA Names New CEO To Spearhead Commercialization,
Appoints Additional Board Member, Restructures Management Team
BLUE BELL, PA.--Capita Research Group Inc. ("Capita"; OTC BB CEEG), announced a
change in top management with the appointment of Cletus B. "Boots" Kuhla as
president and CEO.
Kuhla, a graduate of the U.S. Naval Academy and a career Air Force
officer specializing in technology research, development and procurement, is a
former vice president and chief technology officer for IriScan, Inc. (now
Iridian Technologies, Inc.), and was instrumental in starting up that privately
held high tech company. Kuhla replaces David Hunter, an original founder of
Capita. Hunter will remain associated with the company, serving as chairman of
the board of directors.
Kuhla's appointment is intended to begin the transition at Capita from
the R&D stage to a full product and service capability based on the company's
non-intrusive and automated brainwave analysis technology.
Additionally, the company's board of directors has approved the
appointment of Robert Davis as a member of the board; his appointment increases
board membership to six. He is the president of Davis Trachenberg & Co,
insurance brokers. Davis, who graduated from Penn State University in 1971, is
also a member of the board of directors of the March of Dimes in Southeastern
Pennsylvania.
Anthony Baratta, Capita's vice president/treasurer, has been named
chief financial officer, replacing Steven Plisinski, who left the company at
year-end to pursue a career in public accounting. Baratta, who has been with
Capita for three years, responsible for cash management and SEC compliance, is a
graduate of Temple University with a degree in finance.
Ken Rhines, formerly the company's market research manager, has been
named director of marketing. Previously associated with Wirthlin Worldwide, a
leading market research company, Rhines is a graduate of George Washington
University.
"The priority of the new management team will be an emphasis on
revenue and income generation through product and service sales in highly
focused markets," said Kuhla. Potential early targets will be traditional and
special education and training applications, where both student attention and
teaching program effectiveness can be electronically measured. The company plans
also to address video entertainment and media interaction.
Capita Research Group Inc. holds licenses based on technology originally
obtained from NASA, and owns new patents for non-intrusive hardware and software
applications designed to passively read and automatically analyze brainwaves to
evaluate attention to, or engagement with, any message presented to an
individual. The company sees eventual widespread applications in many markets
from education and training to media research and healthcare.
NOTE: Statements made by Capita Research Group, Inc. that are not purely
historical are forward-looking statements within the meaning of the "safe
harbor" including, without limitation, statements with respect to the Company's
strategy and prospects, and involve a variety of risks and uncertainties. These
statements are made based upon information available to the Company at the time,
and the Company assumes no obligation to update forward-looking statements.
Readers and investors are cautioned that the Company's actual results may differ
materially from those described in the forward-looking statements due to a
number of factors, including but not limited to, demand for the Company's
products and services, the Company's ability to continue to develop its market,
general economic conditions, and other factors that may be more fully described
in the Company's periodic filings with the Securities and Exchange Commission.
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