| HALO Technology Holdings Appoints Chief Technology Officer |
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| Thursday, 17 November 2005 | |
HALO Technology Holdings Appoints Chief Technology OfficerGREENWICH, CT, (NAMC) - HALO Technology Holdings (OTCBB: WARP) an enterprise software holding company, announced the appointment of Charles W. Stevenson as chief technology officer. In this newly created position, Mr. Stevenson will be responsible for setting overall technical standards for portfolio companies, performing technical due diligence of acquisition candidates and establishing cost effective best practices for portfolio companies. Mr. Stevenson currently serves as chief technology officer of GUPTA Technologies LLC, HALO Technology Holding's largest portfolio company which specializes in Rapid Application Development (RAD) tools and embedded database technology. He will continue in that role as he takes on the additional responsibilities of HALO's CTO. Mr. Stevenson has also previously served as a technology consultant with Ingres Corporation and Analyst International Corporation. He has been recognized by InfoWorld as one of the 25 most influential CTO's in 2004, and is a member of the OASIS consortium that drives the development, convergence and adoption of e-business standards. Ron Bienvenu, Chairman and CEO of HALO, stated, "It is an honor to add someone of Chuck's caliber to HALO's senior management team. For over 20 years, Chuck has been recognized as a thought leader in the information technology industry. One of our key long-term goals at HALO is to maximize the value of our portfolio companies by developing the most innovative and cost-effective production processes available to ensure our customers get the most powerful and useful enterprise software at the best prices possible. Chuck has consistently demonstrated his ability to integrate the latest innovations in technology development processes to radically increase productivity of development teams, which means better software in less time and at lower costs. Furthermore, he has established himself as a global leader in the creation and implementation of technical standards, which allows disparate technologies to effectively communicate, thereby lowering costs and headaches for customers." Mr. Bienvenu also noted that during Mr. Stevenson's tenure at GUPTA he significantly enhanced the company's software applications while simultaneously reducing development costs by more than 20 percent and lowering technical support costs by more than 40 percent. About HALO Technology Holdings HALO Technology Holdings owns and operates a portfolio of enterprise software companies. HALO's strategy is to acquire private and public companies with a focus on profitability, product quality, customer satisfaction and retention, and stable growth. The Company uses a combination of debt and equity for its acquisitions, as well as leveraging the balance sheets of target companies, to minimize dilution to its shareholders. The Company is pursuing additional acquisitions that will contribute to a strong increase in operating cash flow and earnings per share. For more information, please visit www.halotechnologyholdings.com. HALO Technology Holdings is the operating name of Warp Technology Holdings, Inc. ("HALO" or the "Company'). Shares of HALO are quoted on the Over-the-Counter Bulletin Board operated by the National Association of Securities Dealers, Inc. under the symbol "WARP". 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 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"). Contact: |
