Michael Schulman Joins RX Technology Holdings as Chief Financial Officer

Apr 03, 2001, 01:00 ET from RX Technology Holdings, Inc.

    MANDEVILLE, La., April 3 /PRNewswire/ -- RX Technology Holdings, Inc.
 (OTC Bulletin Board:   RXTX), a provider of proprietary digital imaging systems
 for entertainment, leisure and industrial applications, announced that Michael
 Schulman has joined the company as Chief Financial Officer.
     Schulman brings more than 20 years of financial experience to the
 position.  Before joining RX Technology, he served as CFO for World Homes,
 Inc., a development stage company, where he was responsible for increasing the
 net worth of the company by approximately $17 million through a revaluation of
 a material asset.  He has also served as CFO for FindWhat.com, a pay-for-
 position search engine; as CFO for Gotham Apparel; and as Controller for one
 of the Avnet companies.
     "We are delighted to welcome Michael to the company," said Chairman and
 Chief Executive Officer Donald Rex Gay.  "His extensive experience in
 corporate accounting and finance, public reporting, and particularly financial
 management of rapidly growing companies will be very valuable as we continue
 to execute our strategic growth plan."
     Michael Schulman confirmed that RX Technology Holdings, Inc. will release
 its first annual financial report 10KSB by April 15, 2001.
     RX Technology Holdings (RXTX) has developed digital imaging technology and
 systems to capture and process images under the most demanding conditions and
 situations.  RXTX photo systems capture, digitize, manipulate and display
 images for reproduction to a variety of mediums.  Proprietary hardware and
 software illuminates and captures that split second time slice needed to
 produce each unique high-resolution full color photo print, and simultaneously
 adds to captured images a wide range of special effects such as logos,
 overlays, framing, theme background and picture-in-picture.  RXTX has
 established itself as a premier provider of digital photo imaging in both the
 entertainment and leisure industries in the United States, Argentina, Mexico
 and Canada, and is currently offering innovative applications in areas such as
 security, inventory tracking and a variety of other corporate applications.
     Additional information on RX Technology is available on the company's Web
 site at http://www.rxtechnology.com.
     This news release contains statements that are not purely historical, and
 as such, are forward-looking statements within the meaning of the U.S. Private
 Securities Litigation Reform Act of 1995.  These include forward-looking
 statements regarding management's intentions, plans, hopes, beliefs,
 expectations or projection of the future.  These forward-looking statements
 involve risks and uncertainties, including without limitation, acceptance of
 the company's products and services, additional financing requirements, the
 impact of competitive products or pricing, technological changes, the effect
 of economic conditions, and other risks and uncertainties detailed from time
 to time in the company's reports filed with the Securities and Exchange
 Commission.  One or more of these factors could affect the company's business
 and financial results in future periods, and could cause actual results to
 differ materially from management's plans and projections.  All
 forward-looking statements made in this news release are based on information
 presently available to management, and the company assumes no obligation to
 update any forward-looking statements.
 
 

SOURCE RX Technology Holdings, Inc.
    MANDEVILLE, La., April 3 /PRNewswire/ -- RX Technology Holdings, Inc.
 (OTC Bulletin Board:   RXTX), a provider of proprietary digital imaging systems
 for entertainment, leisure and industrial applications, announced that Michael
 Schulman has joined the company as Chief Financial Officer.
     Schulman brings more than 20 years of financial experience to the
 position.  Before joining RX Technology, he served as CFO for World Homes,
 Inc., a development stage company, where he was responsible for increasing the
 net worth of the company by approximately $17 million through a revaluation of
 a material asset.  He has also served as CFO for FindWhat.com, a pay-for-
 position search engine; as CFO for Gotham Apparel; and as Controller for one
 of the Avnet companies.
     "We are delighted to welcome Michael to the company," said Chairman and
 Chief Executive Officer Donald Rex Gay.  "His extensive experience in
 corporate accounting and finance, public reporting, and particularly financial
 management of rapidly growing companies will be very valuable as we continue
 to execute our strategic growth plan."
     Michael Schulman confirmed that RX Technology Holdings, Inc. will release
 its first annual financial report 10KSB by April 15, 2001.
     RX Technology Holdings (RXTX) has developed digital imaging technology and
 systems to capture and process images under the most demanding conditions and
 situations.  RXTX photo systems capture, digitize, manipulate and display
 images for reproduction to a variety of mediums.  Proprietary hardware and
 software illuminates and captures that split second time slice needed to
 produce each unique high-resolution full color photo print, and simultaneously
 adds to captured images a wide range of special effects such as logos,
 overlays, framing, theme background and picture-in-picture.  RXTX has
 established itself as a premier provider of digital photo imaging in both the
 entertainment and leisure industries in the United States, Argentina, Mexico
 and Canada, and is currently offering innovative applications in areas such as
 security, inventory tracking and a variety of other corporate applications.
     Additional information on RX Technology is available on the company's Web
 site at http://www.rxtechnology.com.
     This news release contains statements that are not purely historical, and
 as such, are forward-looking statements within the meaning of the U.S. Private
 Securities Litigation Reform Act of 1995.  These include forward-looking
 statements regarding management's intentions, plans, hopes, beliefs,
 expectations or projection of the future.  These forward-looking statements
 involve risks and uncertainties, including without limitation, acceptance of
 the company's products and services, additional financing requirements, the
 impact of competitive products or pricing, technological changes, the effect
 of economic conditions, and other risks and uncertainties detailed from time
 to time in the company's reports filed with the Securities and Exchange
 Commission.  One or more of these factors could affect the company's business
 and financial results in future periods, and could cause actual results to
 differ materially from management's plans and projections.  All
 forward-looking statements made in this news release are based on information
 presently available to management, and the company assumes no obligation to
 update any forward-looking statements.
 
 SOURCE  RX Technology Holdings, Inc.