Science & Technology
Science and Technology
Science and Technology
Mon, July 20, 2009
Sun, July 19, 2009
Fri, July 17, 2009 XnE, Inc.: Former Chief Executive Officer Returns to XnE, Inc.
IRVINE, CA--(Marketwire - July 17, 2009) - XnE, Inc. (
Incoming XnE, Inc. CEO Michael Cummings stated, "This is a great opportunity to re-join XnE, Inc. with a business that is poised to expand very rapidly and in an industry that has provided entertainment for millions of Americans. I intend to apply the knowledge that I have gained from my past experiences growing businesses, to achieve yet another success with XnE, Inc."
Mr. Cummings has extensive experience in start-ups, managing and operating a geographically diverse multi location business. In 2005 Mr. Cummings founded CTM Investments, a management consulting and investment relations firm for private and publicly traded firms. While operating CTM he also was the CEO and Board member of an Electronic Security Integrator until January 2008. From April 1997 until March 2005 he founded and served as Chief Executive Officer and President of Network Installation Corporation, with offices operating in 5 states. Under his leadership, Network Installation Corporation acquired and consolidated numerous portfolios along the West Coast. He was responsible for implementing a strategic direction involving acquisitions, business integration and sales development while managing overall operations for the company.
Prior to founding Network Installation Corporation, he was Vice President of Sales and Marketing for what was then the fastest growing communication company in California. There, his areas of expertise included business development (locally and nationally), sales management, sales processes, sales training, customer retention, and marketing initiatives. During his tenure sales revenues increased 35% and the gross profit revenues increased by 5%. He attended Golden West College for Business Law. His interests include coaching Little League Baseball for the past 15 years, traveling and spending time with his wife of 12 years and their 3 boys.
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About XnE, Inc.
XnE, Inc. is part of the "FASTEST GROWING FAMILY SPORT IN AMERICA and that is MINOR LEAGUE BASEBALL." Over 50 million people attend minor league baseball games each season. In 2004 through 2008, minor league baseball drew more total fans to their games than the NBA, NFL and NHL combined and minor league teams are now in or near 100% of the top 50 US cities.
Minor league baseball appeals to families who appreciate its ability to entertain at a reasonable price. A family of four can go to the game including tickets, snacks and parking for around $40. Minors' average ticket price is $6, Major League Baseball is $18, NBA is over $41 and the NFL is over $50. In a recent survey 81% of respondents said they want to spend more time with family and 51% said baseball is the way to do it.
FORWARD LOOKING STATEMENT: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: the sustainability of recent growth rates in the Sports and Entertainment industry; the positioning of XnE in the market; ability to integrate acquired companies and technology; ability to retain key employees; ability to successfully combine product offerings and customer acceptance of combined products; general market conditions, fluctuations in currency exchange rates, changes to operating systems and product strategy by vendors of operating systems; and whether XnE can successfully gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release.
