FairMarket Names Vice-President of Client Services
-- Eric Jepsky Brings 18 Years of IT Industry Experience
to Client Services group --
WOBURN, Mass., November 5, 2002 -- FairMarketsm Inc. (Nasdaq: FAIM), a provider of e-business selling and marketing solutions incorporating dynamic pricing, today announced that Eric Jepsky has been hired as Vice President, Client Services.
Jepsky has more than 18 years of IT-industry experience at companies such as Swiss Bank Corporation, Oracle, Netscape, Cerint, and Tanning Technology in addition to extensive knowledge of Global 1000 customers and project engagements. He has worked with client companies on business and technical strategy initiatives in such areas as CRM, core operations, channel optimization, and offshore program delivery. Jepsky has also held senior management roles such as CEO for Cerint, and Director of IT for The Ground Round, Inc., a $300-million US corporation where he oversaw the complete migration of the company`s legacy systems to an open-systems infrastructure/environment. He received his MBA/MIS from Boston University and BA from Tufts University. Jepsky also holds the CFA Level II designation.
Eric is responsible for managing FairMarket’s Client Services team in leading client relationships, selling and delivering professional services, and program management.
About FairMarket, Inc.
FairMarket provides private-label, Internet-based marketing and commerce solutions that incorporate dynamic pricing. FairMarket’s customers include Dell, CompUSA and SAM’S CLUB. Headquartered in Woburn, Mass., FairMarket also has offices in the U.K. The company can be reached at 800-531-7871 or on the Web at www.fairmarket.com.
FairMarket is a registered service mark, and the FairMarket logo and MarketSelect are service marks, of FairMarket, Inc. The names of actual companies and products mentioned herein may be trademarks of their respective owners.
This press release contains information about future expectations, plans and prospects of FairMarket, Inc. that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including but not limited to market acceptance of FairMarket`s online auction and other e-commerce services; growth of the market for dynamic e-commerce services; the competitive nature of the online markets in which FairMarket operates; economic conditions; FairMarket’s ability to generate significant revenue to reach profitability; FairMarket’s ability to retain existing customers and to obtain new customers; FairMarket’s ability to attract and retain qualified personnel; FairMarket`s ability to expand or maintain its operations in its geographic markets and the currency, regulatory and other risks associated with doing business in international markets; the operation and capacity of FairMarket’s network system infrastructure; FairMarket’s limited operating history; and the other risks and uncertainties discussed under the heading "Factors that May Affect Results of Operations and Financial Condition" in FairMarket’s Annual Report on Form 10-K for the year ended December 31, 2001 and other reports filed by FairMarket from time to time with the Securities and Exchange Commission. FairMarket assumes no obligation to update any of the information included in this press release.
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