Comtex Appoints Raymond Capece President and CEO

May 02, 2003


Comtex News Network, Inc. has appointed Raymond P. Capece to the position of president and chief executive officer. Charles W. Terry, the former CEO, has resigned from the position and from the Board of Directors, and will remain available to the company on a consulting basis. Capece has served as president or senior executive of several hardware, software, and Internet high tech businesses since 1983. He has led or been instrumental in launching new businesses, has worked with many turnaround situations, and has held positions in large corporate environments. Most recently, Capece served as president and chief operating officer of ExactOne, Inc., an Internet infrastructure company that delivered data- aggregation services to portals and enterprises, and was CEO of Ecoustix, Inc., a supplier of client/server systems and software providing digital concierge services to the hospitality industry.