PlanetCAD Announces Intent to Merge with Avatech
PlanetCAD also announced the resignation of Jim Bracking as President and CEO effective immediately.
"We are very appreciative of the many contributions Jim has made to PlanetCAD over the past year, and especially his work in redefining the company and its business focus following the sale of its component software division in late 2000," Fischer said. "We sincerely appreciate his hard work and dedication to PlanetCAD over the past year."
About PlanetCAD Inc.
PlanetCAD, headquartered in Boulder, Colo., provides Cycle Time Reduction™ solutions for the manufacturing supply chain. PlanetCAD's award-winning products reduce cycles, costs and waste from design to manufacture by seamlessly integrating engineering data communication with supply chain transactions. PlanetCAD's current products include SCS / Envoy™, which reduces product time-to-market by bringing organizations closer together in the manufacturing supply chain, and the award-winning PrescientQA™ design-quality engineering software suite, which reduces costly design errors, accelerates time-to-market, and improves the product development process through advanced quality control of design engineering.
For more information on PlanetCAD or Cycle Time Reduction™, visit www.planetcad.com, or call 888/319-0871.
Statements made in this news release that are not historical facts may be forward-looking statements. Actual results may differ materially from those projected in any forward-looking statement. There are a number of important factors that could cause actual results to differ materially from those anticipated by any forward-looking information. A description of risks and uncertainties attendant to PlanetCAD and its industry, and other factors that could affect PlanetCAD's financial results, are included in PlanetCAD's Securities and Exchange Commission filings, including, but not limited to, PlanetCAD's annual report on Form 10-KSB for the year ended December 31, 2000.
PlanetCAD, Cycle Time Reduction, PrescientQA, SCS / Envoy, DriveQA, GeometryQA, CertifyQA and AuditQA are trademarks of PlanetCAD Inc. DesignQA is a registered trademark of PlanetCAD Inc. All other products are trademarks of their respective owners.