[May 03, 2004] Convera Announces New Chief Financial Officer VIENNA, Va. --(Business Wire)-- May 3, 2004 -- Convera Corporation (NASDAQ:CNVR), a leading provider of search and categorization software for enterprises and government agencies, today announced that John R. Polchin has joined the company as Executive Vice President, Chief Financial Officer and Treasurer. "While our search process for this key management role was extensive, we are pleased that our efforts have resulted in the retention of an experienced financial executive," said Patrick C. Condo, President and CEO, Convera. "John is well equipped to guide the financial management practice of Convera. His range of experience within diverse technology settings will serve us well as we continue to execute on our business objectives." Polchin, 40, was most recently Vice President, Chief Financial Officer and Treasurer of InteliData Technologies Corporation, a publicly traded provider of online banking software solutions. He previously held Chief Financial Officer positions at Orblynx, Incorporated, a global Internet infrastructure company, and e.spire Communications, a publicly traded CLEC. Polchin's background also includes the positions of Vice President of Finance, Corporate Controller and Treasurer for other technology and service companies. In addition to his duties as Chief Financial Officer, Polchin will also oversee the company's human resource and corporate administrative functions. "I am extremely pleased to be joining Convera during such an exciting time in the search software market," said John Polchin, Executive Vice President, CFO and Treasurer, Convera. "I look forward to building on the company's growth over the past year while aggressively seeking additional improvements in our operating performance to enhance shareholder value." About Convera Convera is a leading provider of mission-critical enterprise search and categorization solutions. Convera's RetrievalWare solutions maximize return on investment in vast stores of unstructured information by providing highly scalable, fast, accurate and secure search across more than 200 forms of text, video, image and audio information, in more than 45 languages. More than 900 customers in 33 countries rely on Convera's search solutions to power a broad range of mission-critical applications including enterprise portals, knowledge management, intelligence gathering, profiling, corporate policy compliance, regulatory compliance, customer service and more. For more information, contact Convera at 800-788-7758, via e-mail at [email protected] or on the Web at www.convera.com This release, including any statements from Convera personnel, contains statements about Convera's future expectations, performance, plans, and prospects, as well as assumptions about future events. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, business and economic conditions and trends; continued success in technological advances; possible disruption in commercial activities caused by terrorist activity and armed conflict, such as changes in logistics and security arrangements; reduced customer demand relative to expectations; competitive factors; and other risk factors listed from time to time in the company's SEC reports. Actual results may differ materially from our expectations as the result of these and other important factors relating to Convera's business and product development efforts, which are further described in Convera's filings with the Securities and Exchange Commission. These filings can be obtained from the SEC's website located at www.sec.gov. Any forward-looking statements are based on information available to Convera on the date of this release, and Convera assumes no obligation to update such statements. The Convera design logo and the following are worldwide trademarks of Convera: Convera(TM), RetrievalWare(R), and Screening Room(R). The names of actual companies and products mentioned herein may be the trademarks of their respective owners. [ Back To TMCnet.com's Homepage ]