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enherent Corp. Elects New Director
For Immediate Release
Roseland, New Jersey (June 18, 2007) - enherent Corp (OTC BB: ENHT, www.enherentCorp.com), today announced that on June 14, 2007, the Board of Directors unanimously elected Elliot J. Smith to fill a newly created vacancy on the Board effective June 15, 2007. Mr. Smith will serve until the 2009 Annual Meeting, or until such time as his successor is duly elected and qualified. Mr. Smith has been appointed to the Audit and Compensation Committees of the Board of Directors, and he may be considered for other committee assignments in the future.
Mr. Smith, 74, has over 52 years experience in the investment banking industry. He has held a variety of senior management-level positions in some of the world's most prestigious financial institutions during the course of his career. Mr. Smith began a 29-year career with Prudential Bache in 1954 when he was hired as a registered representative in its Syracuse, New York office. By 1973, Mr. Smith was elected to the Board of Directors of Bache & Company Inc. In 1977, he was named Senior Officer of Commodity Division and Metal Company and in 1980, was elected president of Bache Haley Stuart Metal Company Inc. On leaving Prudential-Bache in 1983, Mr. Smith served as executive vice president at R. Lewis Securities, Inc., located in New York City and from 1984 to 1995, was president of Whale Securities Company, L.P., in New York. From 1995 to 1997, Mr. Smith has served as president of the Equity Division of Rickel & Associates, Inc., an investment company. From 1997 to 1998, Mr. Smith was the vice president of Ladenburg Thalmann. From 1998 to 2006, Mr. Smith was managing director of Broadband Capital Management, LLC. Mr. Smith has also been elected to the boards of the Pennington School, Jullians Corporation and Davi Skin, Inc. He is a former member and director of the Chicago Board of Options Exchange; governor of the American Stock Exchange; governor and chairman of the AMEX Commodities Exchange; director and member of the executive committee of the Securities Industry Automation Corp. and a past president of the Association of Investment Brokers.
Mr. Smith holds a B.S., in Economics from the Wharton School of Finance, University of Pennsylvania.
"We're pleased to announce the addition of Mr. Smith to enherent's Board of Directors" said Pamela Fredette, Chairman and Chief Executive Officer. "Mr. Smith's background, relationships and expertise in the investment banking industry are valuable qualifications that he brings to our board. We look forward to his presence and contribution."
About enherent
enherent Corp. (OTCBB:ENHT) is an information technology professional services firm providing its clients with (a) consultative and technology staffing resources; and (b) teams of technical consultants trained in the delivery of solutions related to systems integration, network and security, and application services. enherent also provides solutions outsourcing involving software development. enherent customers can be found in many different industry segments, from the Fortune 500 to middle-market enterprises. The company, headquartered in New Jersey, operates throughout the northeastern United States and has sales locations in Connecticut, New York City, Long Island, N.Y. For more information visit www.enherentcorp.com.
Forward-Looking and Cautionary Statements
Except for the historical information and discussions contained herein, statements contained in this release may constitute "forward- looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on certain assumptions and analyses made by the Company derived from its experience and perceptions. Actual results and developments may vary materially from those described because they are subject to a number of known and unknown risks and uncertainties. Such risks and uncertainties include, but are not limited to, future demand for the Company's services; general economic, market and business conditions; the Company’s ability to increase the amount of services rendered to existing clients and develop new clients and reduce costs of providing services; the Company’s ability to recruit and retain IT professionals; and various other factors discussed in the Company's filings with the Securities and Exchange Commission including those set forth under Item 1A of the Company's recent Form 10-K. The Company disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, or otherwise.
Contact Information:
Lori Stanley
enherent Corp.
(973) 795-1290