TACT Appoints Seasoned Veteran as Its New Chief Financial Officer
27 Avril 2006 - 6:24PM
Business Wire
The A Consulting Team, Inc. ("TACT") (Nasdaq Capital Market: TACX),
an IT and Business Process Outsourcing (BPO) services provider to
Fortune 1000 companies, today announced the appointment of Sal
Quadrino as its chief financial officer, effective May 1, 2006. Mr.
Quadrino will report directly to Shmuel BenTov, TACT's chairman and
CEO, and will oversee all financial matters of the Company. Mr.
Quadrino is a senior financial executive with over 30-years of
operational experience in both public and private companies. Since
March 2006, he has assisted TACT, as an independent consultant,
with its financial operations and regulatory reporting. Mr.
Quadrino served as CFO of Con Edison Communications, where he built
a strong financial management team to support the company's growth,
strengthened internal controls to meet the requirements of Sarbanes
Oxley, and secured capital to fund the company's growth. Prior to
this, Mr. Quadrino joined Suburban Propane Partners, LP, a retail
distributor with over $700 million in revenue, as its CFO and
served as its president and CEO during the last two years of his
tenure, during which he led the company through a successful
initial public offering. He also worked with early stage
development, rapid growth companies, such as Internet service
provider Erols Internet and e-commerce provider Submit Order Inc.,
in senior financial and administrative capacities. Mr. Quadrino is
a Certified Public Accountant and holds a Masters Degree in
Business Administration from St. John's University. "Sal's
diversified experience and expertise in matters of finance,
accounting and regulatory reporting, along with his operational
experience, will be an asset to TACT as it continues to position
itself to take advantage of growth opportunities," said Mr. BenTov.
"As a consultant to TACT over the last few months, he has displayed
his leadership skills that come from years of hands-on experience
with all facets of financial management," added Mr. BenTov. About
TACT TACT (Nasdaq Capital Market: TACX) has built a reputation for
cutting-edge IT Solutions that is exemplified by its impressive
roster of Fortune 1000 customers. TACT focuses on a
business-oriented, value-added approach to its end-to-end IT
Services and Business Process Outsourcing solutions. For over 20
years, TACT has enabled significant ROI gains in Business
Intelligence, Custom Application Development, Strategic Sourcing,
Support and Maintenance, Data Supply Chain, Collaboration, Quality
Assurance, Project Portfolio Management, and other specific
vertical solutions. TACT has offices in New York City; Clark, New
Jersey; and Bangalore, India. More information about TACT(R) can be
found at its web site at http://www.tact.com "Safe Harbor"
Statements under the Private Securities Litigation Reform Act of
1995: Statements made in this press release which are not
historical facts, including those that refer to TACT plans, beliefs
and intentions, are "forward-looking statements" that involve risks
and uncertainties. These risks and uncertainties could cause actual
results to differ materially from the forward-looking statements,
and include, but are not limited to, TACT's ability to scale its
existing and any new businesses. For a more complete description of
the risks that apply to TACT's business, please refer to the
Company's filings with the Securities and Exchange Commission. The
Company's actual results may differ materially from the results
anticipated in these forward-looking statements as a result of
certain factors set forth under Risk Factors and elsewhere in the
Company's Annual Report on Form 10-K with the Securities and
Exchange Commission on March 29, 2006.
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