Press Release
Claims Management Solutions Provider DAVID Corporation Names Alex Aminian President and CEO
Prominent Business Technology Executive Brings Strong Customer Focus and Technology Savvy to Guide Company’s Growth Strategy
SAN FRANCISCO, Calif., – April 19, 2006 - DAVID Corporation, a leading provider of claims management solutions, today announced the appointment of H. Alex Aminian as president and chief executive officer. David Corporation is a wholly-owned subsidiary of HALO Technology Holdings (OTCBB: HALO).
Mr. Aminian is a seasoned executive with more than 22 years of senior-level experience, developing enterprise software solutions for Fortune 1000 companies. Most recently, he served as the senior vice president and chief technology officer of Insurity, a ChoicePoint company, providing software solutions and services to the property & casualty insurance market. Mr. Aminian’s accomplishments include strengthening organizations and customer relationships, building top-performing teams and state-of-art systems, developing product and technology vision and aligning those strategies with the business objectives and identifying new market opportunities. He has held senior and executive positions in a variety of multi-billion dollar companies including Intergraph, Hyperion, Priceline.com, Divine and Insurity.
At DAVID, Mr. Aminian will focus on growing the business through increasing customer satisfaction, enhancing the technology platform, providing sales and marketing leadership, and identifying new strategies that build value for DAVID customers and further penetrate the market with its claims management solutions.
"We’re delighted to have a business technology executive of Alex’s caliber join DAVID at this dynamic time within the insurance market," said Mr. Bienvenu, chairman and chief executive officer of HALO Technology Holdings. "Since 1984, DAVID has provided value to its customers by consistently delivering risk management information solutions that solve real-world customer problems. By leveraging Alex’s leadership, staunch commitment to customers, and business acumen, we expect to usher in the next chapter of growth and innovation in DAVID’s storied history. His record of assembling top performing teams, delivering market leading software solutions and leading financially stable, customer-centric organizations will serve us well as we build our insurance risk management companies."
"DAVID’s well-established customer base, feature-rich claims management solutions and market recognition provide a solid foundation on which to build and grow the company," said Mr. Aminian. "I am excited about the potential to drive the growth for DAVID through a combination of product innovation, new technology infusion, strong partnerships, and targeted acquisitions. With over 20 years of customer excellence, I believe DAVID is keenly positioned to enhance its technology and product offering to further empower its customers to become more efficient in the Risk Management arena."
Mr. Aminian received his undergraduate degree in Civil & Environmental Engineering from Utah State University and his MS in Civil Engineering from Louisiana State University.
About DAVID Corporation
DAVID Corporation has led the risk management information systems industry by developing and supporting superior software products designed for self-insured, self- administered organizations and third-party administrators (TPAs) since 1984. As an industry leader, DAVID consistently offers flexible, powerful systems to handle multiple lines of business including workers’ compensation, general liability, property and casualty, automotive and marine claims. At DAVID Corporation we seek to simplify the process of managing claims while offering our clients powerful reporting, data analysis and imaging capabilities, along with a full-service solution to risk management. These services include, dedicated account managers, comprehensive on-site training and quality software support.
For further information, visit DAVID’s website at www.davidcorp.com.
About HALO Technology Holdings
HALO Technology Holdings, Inc. is a global provider of a diversified range of standards- based enterprise software applications and on-demand solutions. HALO's strategy is to acquire and operate enterprise software companies with a commitment to sustainable growth. HALO portfolio companies focus on customer service, product quality and profitability to build long term customer relationships and ensure customer satisfaction today and into the future. Everyday, thousands of corporations and institutions from across the globe rely on our portfolio companies to deliver high quality, enterprise class software and services. For more information, please see our website at www.haloholdings.com.
Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those relating to future opportunities, the outlook of customers, the reception of new products and technologies, and the success of new initiatives. In particular, statements contained in this press release that concern future operating results or other statements using words such as "anticipate," "believe," "could," "estimate," "intend," "may," "plan," "project," "should" "will," or "set our sights on" constitute forward-looking statements and are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.In addition, such forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results expressed or implied by such forward- looking statements. Such factors include: (i) demand for the Company's products; (ii) the actions of current and potential new competitors; (iii) changes in technology; (iv) the nature and amount of the Company's revenues and expenses; and (v) overall economic conditions and other risks detailed from time to time in the Company's periodic earnings releases and reports filed with the Securities and Exchange Commission (the "Commission"), as well as the risks and uncertainties discussed in the Company's Annual Report on Form 10-KSB filed with the Commission on September 28, 2005 (the "Form 10-KSB") and the Company's Quarterly Reports on Form 10-QSB filed with the Commission on November 14, 2005 and on February 15, 2006.