New Target Acquires Towers Internet News

New Target Acquires Towers Internet and Appoints Irve Towers as Chief Technology Officer; Web Visionary to Expand Company's Hosting Division
Release Date: 6/7/2004

ALEXANDRIA, Va.--(BUSINESS WIRE)--June 7, 2004--New Target, Inc., a rapidly growing Web services firm, today announced Irve Towers has joined the company as Chief Technology Officer (CTO), following the acquisition of Towers Internet Consulting. As a Web hosting visionary, Towers is well known for his accomplishments as the founder of Hub Internet Services, where he played a primary role in the company's acquisition by industry pioneer CAIS Internet (now BtN). At New Target, Towers will be responsible for further developing and managing the company's hosting division and related assets, as well as the technical vision and direction for the Company. His duties will include the evaluation of client technical requirements, the provisioning of hardware and software for hosting environments, and directing New Target's own internal technical processes.

Towers, who began his career at IBM in 1973, was instrumental in the rollout of the Washington, DC region's first ATMs and grocery checkout scanner systems, and was a three-time winner of the coveted IBM Means Service award. In 1994, Towers founded Hub Internet Services, which was purchased by CAIS Internet of McLean, Virginia in 2000. Towers subsequently managed the Web hosting unit of CAIS Internet and performed the same functions for Beyond the Network (BtN), which purchased CAIS in mid 2001. Prior to joining New Target, Towers formed and managed a successful Web hosting and consulting business, Towers Internet Consulting, LLC, which was acquired by New Target in April, 2004.

"Irve Towers is a phenomenal addition to the New Target team for two primary reasons: his unwavering commitment to customer service and his pioneering achievements within the Web hosting industry," stated New Target President and CEO, Laura Machanic. "Irve is a tremendous leader and will help us solidify and expand our hosting offering, laying the foundation for future growth."

"I am extremely pleased to be joining New Target, a company that shares my passion for customer excellence, and has built a strong business based on quality and integrity," stated Irve Towers, New Target CTO. "I consider this career move one of my most celebratory, as it gives me the opportunity to again be a part of helping to shape and grow an industry leader, while giving my customers an outstanding new home."

About New Target

New Target, Inc. is a dynamic, woman-owned Web site design, development and hosting firm comprised of experienced designers, developers, strategists and customer support professionals, each dedicated to providing the highest quality service. Since 2001, the Washington Business Journal has consistently ranked the company in the top fifteen Interactive Web Design Firms of the metropolitan Washington, DC region. New Target provides quality, custom web solutions including web site design, application development, e-commerce, fully managed hosting, search engine optimization, email marketing, content management solutions, and content maintenance. For more information, visit www.newtarget.com.