PATRON ADDS FINANCIAL SERVICES LEADER TO BOARD
Thursday, January 2, 10:36 am EST
Chicago, IL -- (BUSINESS WIRE) -- January 2, 2003 -- Patron Holdings, Inc.
(OTCBB: PAHG) is pleased to announce that Richard G. Beggs, Director, Executive
Vice President and Chief Administrative Officer for Daiwa Securities America,
will join Patron's board of directors effective January 15th and Chair the
Compensation Committee. Mr. Beggs, who is responsible for global integration of
Daiwa's operations, brings over 25 years of information technology, risk
management, and financial services experience to the Patron board.
"Rich is a seasoned COO, a former CEO, and given his current position is
uniquely familiar with the information security issues faced by the financial
services industry," said Patrick Allin, CEO of Patron Holdings, Inc. "Daiwa
Securities America is a major client of Entelagent Software Corp. and together
created Japanese language email content monitoring capabilities. Daiwa will
continue to provide insight into future product development.
We are delighted to have Rich join our board of directors."
Prior to joining Daiwa in 1995, Mr. Beggs was the Managing Director and Chief
Operating Officer of Kemper Clearing Corporation. He has held several positions
at Security Pacific Bank/Bank of America, including President and CEO of the
Treasury Management Corporation, President and COO of Security Pacific
Securities Inc. and Managing Director of the Global Securities Services Group.
He has also held senior management positions at Donaldson, Lufkin and Jenrette
and at Salomon Brothers.
Mr. Beggs graduated from Columbia University with a BA in Economics and received
an MBA in Finance from Fairleigh Dickinson University.
Patron continues to successfully execute its acquisition, operating and funding
plans. The addition of Mr. Beggs to the board is the first step in creating a
world class board of directors.
Patron Systems, Inc., Chicago Capital Market Relations
Marie Graul, 847-340-0527 Chris Rosgen, 949-481-9739
About Patron Systems, Inc.
Patron Systems, Inc. is a development stage information security company
incorporated in April 2002 to provide security services and technology products
to global enterprises. Patron's Security Services Group intends to work with
organizations to provide comprehensive, certifiable solutions for trusted
information environments. Initial offerings are contemplated to include
vulnerability assessments; compliance and certification reviews, training,
remediation, monitoring, and managed services. Patron's Technology Products
Group, through its planned acquisition of third generation software and
hardware, plans to help enterprises address security needs holistically
throughout the IT environment. Patron Systems intends to deploy products
maintaining the highest standards of independence, product quality and
functionality, as well as ROI for the client organization.
Forward Looking Statements
The statements made in this press release are forward-looking and are based on
current expectations that are subject to a number of uncertainties and risks,
and actual results may differ materially. The uncertainties and risks include,
but are not limited to, the ability to complete the proposed reincorporation
merger or any proposed acquisitions, the ability of Patron or the Company to
execute effectively its business plan, changes in the market for information
security solutions, changes in market activity, anticipated increases in
customers, seasonality, the development of new products and services, the
enhancement of existing products and services, competitive pressures (including
price competition), system failures, economic and political conditions, changes
in consumer behavior and the introduction of competing products having
technological and/or other advantages. Any forward-looking statements are made
pursuant to the Private Securities Litigation Reform Act of 1995 and, as such,
speak only as of the date made. Statements made in this document that are not
purely historical are forward-looking statements, including any statements as to
beliefs, plans, expectations, or intentions regarding the future. The Company
assumes no obligation to update information concerning its expectations.