[LOGO] MARKET CENTRAL
7810 Ballantyne
Commons Pkwy, Suite 300
Charlotte, NC 28277
Telephone: 704.319.2220
Facsimile: 704.319.2250
Investor Relations: Marketing and Product Information:
Vince Buczek Brooke Filger
Market Central, Inc Market Central, Inc.
(301) 751-1457 (888) 773-3501
vbuczek@marketcentral.com bfilger@marketcentral.com
MARKET CENTRAL ANNOUNCES CHANGES
TO ITS BOARD OF DIRECTORS
New Directors Bring Wealth of Industry Experience to Market Central Board
Charlotte, NC - February 22, 2005 - Market Central, Inc. (OTC BB: MKTE), a
knowledge management company specializing in solutions that enable businesses to
efficiently store, categorize and retrieve information with it's patented
technologies, today announced the elections of Mr. Hoyt Lowder, Senior Vice
President of FMI Corporation and Mr. Ron Attkisson, Chairman, Chief Executive
Officer and President of Jones, Byrd & Attkisson, Inc., to vacancies on its
Board of Directors.
Separately, Market Central announced that Mr. Howard Workman had resigned from
the Board of Directors as a result of other pressing time and business
commitments.
Mr. Lowder and Mr. Attkisson are wonderful additions to an already exceptional
Board of Directors," said Doyal Bryant, President and CEO of Market Central.
"Both bring significant knowledge and guidance from their executive and industry
backgrounds. We are delighted to have access to their collective strategic
insight and operational experience as Market Central continues to move forward
and expand as a leader in the marketplace. At the same time we regret Mr.
Workman's resignation, but thank him for his service as a board member."
Mr. Lowder holds the position of Senior Vice President and Managing Director for
FMI Corporation in Tampa, Florida. His background includes several years of
experience in building value for major national and international construction
industry firms. He is considered a specialist in strategic planning and
marketing implementation, he is an expert at understanding the marketplace and
the motives of major buyer groups. He has extensive experience with the work
acquisition process, and he pulls together marketing and technology to help his
clients gain an advantage in obtaining business. Mr. Lowder holds Bachelor of
Science and Master of Science degrees from North Carolina State University.
As the current Chairman, Chief Executive Officer and President of Jones, Byrd &
Attkisson, Inc. ("JBA"), Mr. Attkisson brings a wealth of finance and investment
banking experience to Market Central. Previously, Mr. Attkisson provided
investment banking services through Attkisson, Carter & Company, which he
founded in 1988 as Attkisson and Associates. Attkisson & Associates grew to be
one of the largest independent securities firms in Atlanta while providing
investment brokerage, advisory and banking services to both individual and
corporate clients in over 30 states. He sold most of his interest in the firm in
January, 2001, but retained an association with the firm until May, 2003, when
he resigned from the firm before starting JBA. Prior to founding Attkisson &
Associates, Mr. Attkisson was associated with Interstate Securities and Johnson,
Lane, Space, Smith & Company, which were predecessor firms to Wachovia
Securities. Prior to this, he was a vice president at The Robinson-Humphrey
Company from 1978 to 1981. Mr. Attkisson and JBA have been instrumental in
helping the Company raise capital through the sale of its Series A preferred
stock. He is a graduated from the University of North Carolina at Chapel Hill in
1970.
About Market Central
Market Central is an emerging leader in the Knowledge Management industry,
specializing in solutions that enable businesses to efficiently store,
categorize and retrieve information with state-of-the-art technologies. For
these technologies, Market Central holds multiple valuable patents in its
Intellectual Property portfolio. Market Central continues to invest in the
enhancement of these Intellectual Property assets, development of new additions
to the portfolio, and evaluation of related acquisitions. As part of the
strategic decision to leave the call center business and focus on next
generation knowledge management tools in such areas as search, intelligent
document recognition and online collaboration software, Market Central has
acquired technologies that combined have had over $20 million invested over 45
man-years of development. For more information, please visit us on the Web at
www.marketcentral.com
.
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This news release may contain forward-looking statements. Forward-looking
statements are indicated by words such as "expects," "intends," "anticipates,"
"believes" and similar expressions. Our ability to achieve the results
anticipated in such forward-looking statements is subject to risks and
uncertainties, including, without limitation, the potential interest of third
parties in our intellectual property portfolio, any potential growth of our
company, our ability to successfully maximize the value of our intellectual
property assets, in addition to general economic conditions, operating results,
market acceptance of our solutions and other risks detailed from time to time in
our reports filed with the Securities and Exchange Commission. These
forward-looking statements are made in accordance with "safe harbor" provided by
the Private Securities Litigation Reform Act of 1995 and no assurance can be
given that the future results that are the subject of such forward-looking
statements will be achieved. The Company undertakes no obligation to publicly
update or revise the forward-looking statements, whether as a result of new
information, future events, or otherwise.