Pure Vanilla eXchange, Inc. (“Pure Vanilla Exchange”) (OTCBB: PVNX) announced today that the Company has appointed Tucker Taylor as COO of Pure Vanilla Exchange. Tucker Taylor was a founding member of the management team at Federal Express (NYSE: FDX). For 10 years, beginning in 1973, he held senior management positions including Customer Service, National Sales, Ground Operations, and System Engineering.
In making the announcement, CEO, Steven Yevoli said: “I’m very pleased that Mr. Taylor has agreed to become the point person for our management team. With his proven management skills and experience, we expect Tucker to be instrumental in executing Pure Vanilla Exchange’s new strategy. I look forward to working with Tucker and our talented colleagues in making 2007 a pivotal year in the company’s development.”
Mr. Taylor said: “It is a pleasure to be working with Steven Yevoli again. The management team at Pure Vanilla Exchange is impressive, and I consider it an honor to work with them. From my years at Federal Express, I know the importance of execution in rapid growth situations, and will help lead the company in developing the sound business processes required to drive shareholder value.”
Pure Vanilla Exchange, Inc. also announced that it has retained Andrew B. Rosengard as a senior financial and strategic advisor. Mr. Rosengard has over 24 years of experience as a senior financial, business development and operating executive in the communications, entertainment, media and sports industries, including 18 years at Cablevision Systems Corporation (NYSE: CVC) and 4 years at CBS, Inc. (NYSE: CBS).
About Tucker Taylor
Mr. Taylor held management positions with Federal Express (NYSE-FDX) from 1973-1982 retiring as Senior Vice President and General Manager of the Eastern Division, Mr. Taylor went on to senior management positions in marketing and process improvement at Medical Care America and Columbia/HCA Healthcare Corporation. At Medical Care America, he led a quality improvement program that resulted in a successful application for the Malcolm Baldrige Award. He served on the Board of Directors for ten years at Cornell Companies (NYSE: CRN) and currently serves on the Board of Directors of American Medical and Life Insurance Company, a privately held, New York domiciled Specialty A & H insurer. Mr. Taylor graduated from Yale University in 1967 after serving five years as a carrier pilot in the U. S. Navy.
About Pure Vanilla eXchange, Inc.
Pure Vanilla Exchange is a leading provider of anonymous online payments through the development and deployment of its proprietary defined access/closed loop network and its stored value card process specifically designed for secure purchases. Through its patent-pending technology, consumers can make purchases by either funding an online account or by purchasing a pV card. Pure Vanilla Exchange addresses the challenges faced by many consumers who are faced with the increasing risk of credit card fraud and rising identity theft. In addition, through its recently added business unit Nimble Group, it also is a leading provider of alternative payment solutions providing processing services to high traffic merchants and government entities by providing processing of all forms of currency (debit/credit cards/stored value/gift cards/check/ACH/etc).
For more information, visit http://www.nimblegroup.com
For more information, visit http://www.purevanilla.com
This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts included in this report, including statements regarding the consummation of the merger, are forward-looking statements. These forward-looking statements are necessarily subject to risks and uncertainties including, but not limited to, the successful integration of Nimble, the successful execution of Pure Vanilla Exchange’s business plan and the effect of economic and business conditions. Although Pure Vanilla Exchange believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it cannot give any assurance that such expectations will be fulfilled. Stockholders and potential investors and other readers are urged to consider these factors and other risk factors set forth in Nimble’s periodic reports filed with the Securities and Exchange Commission carefully in evaluating any forward-looking statements. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. The forward-looking statements are only made as of the date of this release and Pure Vanilla Exchange does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.