Arthur Medici Resigns as Internet Commerce Corporation's Chief Operating Officer
Norcross, Georgia - March 7, 2007 – Internet Commerce Corporation (ICC) (NasdaqCM: ICCA), a leader in business-to-business e-commerce solutions, today announced the resignation of Arthur R. Medici as the company’s chief operating officer.
“On behalf of our board of directors, shareholders and employees, I offer heartfelt appreciation for Art’s contribution to the business during the past three years,” said Thomas J. Stallings, ICC’s chief executive officer. “His leadership, dedication and hard work helped to establish ICC as a thriving, profitable enterprise. We look forward to continuing to work with him, and we wish him success with the next phase of his career.”
Medici re-joined ICC in 2004 to help turn around the company and establish a foundation for profitability. With multiple consecutive quarters of net income realized, he will take this opportunity to significantly reduce his years-long schedule of one hundred percent commuting. Medici will continue to serve ICC on a project basis by working on the Microsoft strategy and other company initiatives.
"I am confident of a continued forward momentum under our ‘Growth with Profitability’ strategy and believe ICC has a talented management team to enable a smooth transition into a new organizational structure,” said Arthur Medici. "I am optimistic about ICC's future and believe that now is the time for me to make a lifestyle change and pursue new opportunities."
About Internet Commerce Corporation (ICC)
Internet Commerce Corporation (NasdaqCM: ICCA), headquartered in Norcross,
Georgia, is a leader in providing business-to-business e-commerce solutions. Thousands of customers
rely on ICC's comprehensive line of solutions, in-depth expertise, and unmatched
customer service to help balance cost, fit, and function required to meet
unique requirements for trading partner compliance, coordination, and collaboration.
With its software solutions, network services, hosted web applications,
managed services, and consulting services, ICC is the trusted provider
of e-commerce solutions for businesses, regardless of size and level of technical
sophistication, to connect them with their trading communities. For
more information, visit www.icc.net.
Except for the historical information contained herein, this press release includes forward looking statements which are subject to a number of risks and uncertainties, including the risks and uncertainties associated with rapidly changing technologies such as the Internet, the risks of technology development and the risks of competition. Actual results could differ materially. For more information about these risks and uncertainties, see the SEC filings of Internet Commerce Corporation.
