Commerce Exchange Systems, Inc. (ICES), Leading
Internet Ventures and Technology Holding Company,
Appoints Larry Nusbaum Managing Director
YORK, Sept. 26 /PRNewswire/
based Internet ventures and technology holding company
ICES Inc. has appointed Larry Nusbaum Corporate
Managing Director, effective August 1, 2000.
to Chairman and Founder Henry Kauftheil, Nusbaum
joins ICES from Media Brands, LLC, of New York,
which he founded in 1997. He has a proven track
record for starting, building and managing public
and private high-growth online and offline media,
technology and consumer branding companies. As CEO
of Media Brands, he was responsible for all corporate
direction and activities, and grew the innovative
technology "clicks and mortar" direct
marketing company to over $20 million in revenues.
Prior to creating this venture, Nusbaum was President
of Emson, a privately-held New York-based $100 million
multi-media import/export company, where he sourced
and built brands, and manufactured and distributed
innovative, patented product lines to traditional
retail chains and online e-commerce vendors.
has also run a public $150 million global multi-media
and database corporation, Regal Communications (RCOM),
of Pennsylvania, which purchased his publicly traded
OTC consumer products company, Advantage Life Products
(ADVT), of Laguna, California.
his new position, Nusbaum is charged with overseeing
the development of multiple e-companies within ICES,
in the technology, e-commerce, media infrastructure
and B-2-B exchange categories, including ICES' innovative
on-line direct marketing company, itract; its unique
commerce exchange, eMarketplaces; global sourcing
and trading company, InterCommerce Trading; and
CarePortal, its eHealthCare flagship.
believe in a grounded approach using the Internet
as a channel of distribution, marrying the best
of the old economy, including revenues and profits,
with new economy technology to create the best of
both worlds. "The challenge is to combine ICES'
proprietary online technology with strong management
to leverage and maximize ICES' unique business models.
We are looking to create synergies between our respective
portfolio companies to maximize profitability and
valuation," asserted Mr. Nusbaum.
to Henry Kauftheil, "Larry will be utilizing
his experience in launching, scaling and managing
profitable public and private companies to add value
to ICES' portfolio companies in our eMarketplaces,
Technology Services, and InterCommerce divisions."