eNucleus, Inc. Announces Executive Management Changes Wednesday November 1, 4:57 pm ET
VANCOUVER, Wash., Nov. 1, 2006 (PRIMEZONE) -- eNucleus, Inc. (Other OTC:ENUI.PK - News), the Washington State-based software and business process outsourcing services company, today announced that Al Case has been elected to the additional office of chief executive officer of the company, effective October 31, 2006. Case has over 30 years of experience in the software industry, in a variety of positions ranging from director of management information systems for Ryder System, Inc. to division president of Gartner, Inc., the world's largest information technology research and advisory firm. Case has been a member of the board of directors of eNucleus since June 2005. Since 2003, when he left Gartner, Case has been an independent management consultant working with a variety of start-up and turnaround business operations. Case is a former advisory board member to Sky Capital Holdings, Inc., a Wall Street-based broker dealer, and serves on the board of directors of Turbodyne Technologies, Inc. as well as several private companies including Turnpike Software, LLC and TechSpend, LLC.
Also, eNucleus directors Alan Ginsberg has resigned as a board member and Randy Edgerton have resigned as chief executive officer, president and director of the company. ``The board thanks Alan and Randy for serving eNucleus, Inc. in its turnaround efforts,'' said Albert Case, Chairman.
About eNucleus
eNucleus, Inc. is a Vancouver, Wash. based provider of technology enabled business process outsourcing (BPO) and hosted software (SaaS) solutions. eNucleus provides ``back office'' support services through its offshore BPO center in Ahmedabad, India, and offers a variety of technology solutions and services in the energy and business support markets. Visit http://www.eNucleus.com for more information.
Forward-Looking Statements
The information contained in this press release, including any ``forward-looking statements'' within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 contained herein, should be reviewed in conjunction with the Company's annual report, financial filings and other publicly available information regarding the Company, copies of which are available from the Company upon request as well as with its periodic SEC filings. Such publicly available information sets forth many risks and uncertainties related to the Company's business and such statements, including risks and uncertainties related to that are unpredictable and outside of the influence and/or control of the Company.
Contact:
eNucleus Investor Relations Steve Vogel, CFO (40 887-5127 investorrelations@enucleus.com
Source: eNucleus, Inc.
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Wednesday, November 1, 2006, 5:52:01pm
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eNucleus, Inc. Announces Strategic Partnership With Axelnet, Inc. Wednesday November 1, 5:34 pm ET
VANCOUVER, Wash., Nov. 1, 2006 (PRIMEZONE) -- eNucleus, Inc. (Other OTC:ENUI.PK - News) and Axelnet, Inc. announce a strategic partnership covering the eNucleus ProBooks Products in the eNucleus Alliance Partner Program. The strategic partnership gives Axelnet, Inc. exclusive national, and international, participation with eNucleus across both existing and new customers.
The formation of a strategic partnership between eNucleus, Inc. and Axelnet, Inc. will extend and enhance the existing product support for the ProBooks Products. In addition to the support team and customer care handling at eNucleus, Axelnet, Inc. will use their proven high-productivity development team and facilities to deliver new versions, new product features, and additional product support. eNucleus customers will benefit from the additional development, support, and technology resources for the ProBooks product line. Senior subject matter consultants with Axelnet, Inc. will extend the service and support offerings from eNucleus and provide product direction and development expertise to the ProBooks Products.
Axelnet, Inc. will also bring their PortalArchitect(sm) portal technology to the ProBooks Products with the intention to integrate the technology and features into new ProBooks Products and features, and migrate existing ProBooks functionality into an enhanced web-capability.
Axelnet, Inc. is a highly innovative company providing business process, technical infrastructure, and highly skilled consulting to a wide range of firms both in the US and worldwide. Development resources are located in both the US and Israel development centers. Infrastructure resources are in multiple US locations servicing clients ranging from small firms to large multinational companies.
The Axelnet, Inc. portal technology is widely deployed and supports eCommerce, content management, knowledge management, and easy to use web-delivery for a wide range of functions and markets.
eNucleus makes significant investment with its Alliance Partners, including joint development, training, and marketing programs. Our Alliance Partners work with eNucleus project managers and sales executives to deliver high quality, fully integrated solutions combined with the consulting necessary to maximize utilization of our product technologies and fulfillment of the eNucleus value proposition for organizations globally.
eNucleus provides proprietary supply chain software applications, technologies and solutions to several of the Global 1000 companies. Our software and service applications span 22 countries in five continents in multiple languages, and are used by over 50,000 individuals worldwide.
About eNucleus eNucleus, Inc. is a Vancouver, Wash. based provider of technology enabled business process outsourcing and hosted software (SaaS) solutions. eNucleus provides ``back office'' support services through its offshore BPO center in Ahmedabad, India, and offers a variety of technology solutions including ProBooks, FuelPilot, OilPilot, and BenefitsAccelerator. Visit http://www.eNucleus.com, http://www.FuelPilot.com, http://www.OilPilot.com and http://www.BenefitsAccelerator.com for more information.
Forward-Looking Statements
The information contained in this press release, including any ``forward-looking statements'' within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 contained herein, should be reviewed in conjunction with the Company's annual report, financial filings and other publicly available information regarding the Company, copies of which are available from the Company upon request as well as with its periodic SEC filings. Such publicly available information sets forth many risks and uncertainties related to the Company's business and such statements, including risks and uncertainties related to that are unpredictable and outside of the influence and/or control of the Company.
Contact:
Arnold Kwong, Senior Vice President, Business Development Steve G. Vogel, Chief Financial Officer
Contact:
eNucleus, Inc. Media Inquiries: Steve G. Vogel, CFO 408.887.5127 pr@enucleus.com Investor Inquiries: Steve G. Vogel, CFO 408.887.5127 investorrelations@enucleus.com
I tracked this company for a while but found it weak on what it had to offer! Now I wonder why two of the officers resigned in light of the news? Is this a financial issue that leaves the new officer in hope while the others were in dispair? Yes the news is good and AL Case may work out well in his new position but this is a real gamble, throwing a few dollars here may catch a rebound look below to see why I believe this is chancy!
The Company has 5,926,616 common stock warrants with 3,278,571 exercisable at $0.20 per share, 2,298,045 exercisable at $0.35 per share, and 350,000 exercisable at $0.26 per share. Additionally, there are outstanding options to purchase 5,450,000 shares of eNucleus common stock at a weighted average price of $0.23 per share which vests over a period from November 2004 through April 2007 .
(eNucleus entered into a Loan Agreement with ANE Resources, Inc. to borrow $300,000 to be repaid within 1 year at 9.25% plus 1 million warrants at $0.26 per share. This is a related-party transaction. ANE Resources, Inc. is owned by Augustine Esposito, a board member of eNucleus, Inc.) Not sure if this is included in the above tally!
************* Financials *****************
"... the Company’s net income decreased $601,094 to a net loss of $575,008 for the six months ended June 30, 2006, as compared to net income of $26,086 for the six months ended June 30, 2005 and $442,033 to a net loss of $426,577 for the three months ended June 30, 2006 as compared to net income of $15,456 for the three months ended June 30, 2005"
The amount of the note payable to Rotate Black totaling $832,365 as of June 30, 2006 accrues interest at 10% annum and unpaid interest and principal are due in November 2007.
887-5127
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