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Conversion Services International Announces
Transition of Robert C. DeLeeuw
EAST HANOVER, N.J. (December 29, 2006) -
- In March 2004, Conversion Services International, Inc. (AMEX:
CVN), a premier professional services firm focused on delivering
the value in business intelligence, data warehousing and data
management solutions to Global 2000 organizations and other
businesses, acquired DeLeeuw Associates, Inc. At that time, Mr.
Robert C. DeLeeuw, founder and president of DeLeeuw Associates,
signed on for a three-year term as a member of the CSI management
team to facilitate the acquisition and integration of DeLeeuw
Associates. As this transition period comes to a close, CSI has
entered into a new agreement with Mr. DeLeeuw, in which Mr.
DeLeeuw will provide consulting services to CSI and DeLeeuw
Associates, and will advise on business development activities
with certain key clients. The consulting agreement also contains
certain confidentiality, non-competition and assignment of work
product provisions for the benefit of CSI. Effective with this
transition, Mr. DeLeeuw has resigned from the CSI Board of
Directors.
Scott Newman, president, chief
executive officer and chairman, said: “Bob DeLeeuw’s
contributions over the past three years have been significant,
and the acquisition and integration of DeLeeuw Associates
increased our service offerings and client base. Under the terms
of the new agreement, Bob will be a key member on a complex
project with one of our newest clients and will continue to
consult on existing key client relationships for CSI. On behalf
of CSI, I thank Bob for his contributions and look forward to
our continuing relationship to further our strategic consulting
business.”
Mr. Newman continued: “Since the
acquisition, DeLeeuw Associates has continued to grow and has
become a key strategic member of the CSI family. DeLeeuw
Associates has an impressive management team, and I personally
look forward to working with them in the coming years to
continue the growth of the business.”
About Conversion Services International, Inc.
A Note on Forward-Looking Statements
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