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News & Events

New President and CEO, Jonathan Scott, a revamped corporate identity and rapid adoption of Compliance Monitor product, mark the onset of “PowerTech 2.0”

Kent, WA — Sept. 14, 2006 — The PowerTech Group, Inc., announced today that Jonathan Scott has been appointed the new President & Chief Executive Officer of the company. Mr. Scott brings to the company a deep and broad knowledge of the software industry, with particular experience in new product development, sales and marketing.

Mr. Scott is a seasoned software and technology services executive who previously served as President and CEO of Microserv Technology Services prior to their acquisition by Halifax Corporation (HX:AMEX). Prior to this he was founder and principal of New Venture Associates, a firm providing strategic advisory services to early stage venture funded technology companies. He also served as President and COO of Traveling Software, Inc., a leading communications software company.

The company also announced the release of a new corporate brand identity as well as the launch of its newly designed website, www.powertech.com. “The new brand mark and, by extension, the new website are two tangible examples of how PowerTech is refining its position in the marketplace. The company is already a recognized leader in the security and compliance space and is poised to expand its leadership position,” said the new CEO, Scott.

Former CEO Bruce Leader said, “Jon is the perfect leader to build on the company’s remarkable success and to provide leadership in developing new products and services and expanding into new markets. The new corporate identity, and the new website especially, will be key tools in communicating the degree to which PowerTech leads the way in this industry. He is joining the company at a time when our product, Compliance Monitor, is enjoying unparalleled success in the marketplace, breaking all standard adoption metrics”


About Compliance Monitor

Compliance Monitor simplifies the task of government and industry compliance reporting across the enterprise. It helps companies comply with Sarbanes-Oxley, HIPAA, Payment Card Industry Data Security Standard and other government and industry regulations. The intuitive graphical user interface allows users to define and display information according to user-specified parameters and to generate custom reports for AS/400 audits.

About The PowerTech Group, Inc.
PowerTech is your security expert in managing evolving compliance and data privacy threats with automated security solutions for IBM Midrange Servers. Our ServerProven security solutions are straightforward and save your valuable IT resources, giving you ongoing protection and peace of mind.

Because iSeries and AS400 servers are used to host particularly sensitive corporate data, it is imperative that you practice proactive compliance security. As an IBM Advanced Business Partner with over 800 customers worldwide, PowerTech understands corporate vulnerability and the risks associated with data privacy and access control.

Contact:

Christina Sylvester

Director of Marketing

info@powertech.com

(253) 872-7788