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Source Technologies Names New GM to Controlled Print Division

Press release from the issuing company

CHARLOTTE, N.C.--March 27, 2007-- Source Technologies, a leading provider of integrated solutions for managing financial transactions and other secure business processes, announced that Vice President of Marketing Glen Fossella will assume an additional role as General Manager of the company's Controlled-Print Solutions Division. In his new role, Fossella will oversee sales and operations for the division, which incorporates Source Technologies' family of secure printers and output software for printing negotiable documents, time- and information-sensitive documents and solutions for resource management and printed output tracking. Fossella will continue to oversee marketing and product management company-wide. "The demand for our secure, on-demand document printing solutions is expanding beyond MICR check printing to include prescriptions, medical records, manufacturing control documents, and other output that must be printed in real-time with exceptional security," said Bill Bouverie, CEO of Source Technologies. "Glen's background in imaging technology and business process automation will be instrumental in our successful expansion into these new vertical markets." Fossella joined Source Technologies in 2004, bringing more than 20 years of enterprise software sales, business development and marketing management experience to Source Technologies. He founded two multi-million-dollar businesses before the age of 30 including a $9 million computer automated design (CAD) imaging systems integrator and a $5 million wholesale distributor of office systems. Fossella also served as director of sales for a $30 million publicly traded supply chain management (SCM) software vendor, overseeing the company's entry and rapid growth in the advanced planning and scheduling market.