Omnexus Names Michael J. Walsh Chief Financial Officer

Apr 23, 2001, 01:00 ET from Omnexus

    ATLANTA, April 23 /PRNewswire Interactive News Release/ -- Omnexus(TM),
 the B2B global plastics e-marketplace (www.omnexus.com), announces the
 appointment of Michael J. Walsh as its chief financial officer.  Walsh, who
 served as the vice president of global finance with Omnexus since August 2000,
 brings more than 21 years of operational experience to the company along with
 a strong background in international finance.
     "I am pleased to announce the appointment of Michael Walsh as Omnexus' new
 CFO," said Peter Dunning, CEO of Omnexus.  "His broad expertise in both the
 public and private sector, as well as his international experience, makes him
 a perfect fit to lead Omnexus' financial team."
     Before joining Omnexus, Walsh was principal of Walsh Consulting, a
 financial and management consulting firm.  Walsh has completed acquisitions,
 sale, joint venture and restructuring transactions in the U.S., Romania, U.K.,
 Russia and Zambia.
     Prior to founding his own consultancy firm Walsh worked with various
 divisions of Masstock International, Ltd., and most recently served for three
 years as CEO and board member of U.S. subsidiary Masstock Southern Holdings,
 Inc.  Walsh began his career with Masstock as group chief accountant for its
 Saudi Arabian division.  He was then transferred to the U.S. and was promoted
 to CFO, a position he held until he was promoted to CEO of Masstock Southern
 Holdings, Inc.
     "I am very excited by the opportunity to provide the financial leadership
 for Omnexus and am particularly impressed with the company's achievements to-
 date," said Walsh.  "The company was founded by DuPont, Dow, Bayer, BASF and
 Ticona/Celanese and has already attracted an additional nine equity suppliers
 and a total of more than 20 global suppliers.  Omnexus has a solid financial
 foundation, and its unique business model of enabling relationships between
 existing customers and their suppliers, while dramatically reducing cost,
 virtually assures its success."
     Walsh began his financial career in Ireland and worked in public practice
 for several chartered accounting firms.  He is a Fellow member of the
 Association of Chartered Certified Accountants (FCCA), the equivalent of a
 Certified Public Accountant.
 
     About Omnexus
     Omnexus is the global, neutral eMarketplace focused on delivering products
 and related services to the plastics industry.  Founded and supported by the
 plastics industry, Omnexus currently consists of a growing list of more than
 20 global suppliers, including ATOFINA, BASF AG, Bayer AG, Biesterfeld,
 Clariant, Dow Chemical, DSM, DuPont, Ellis & Everard, Engel, PolyOne, Resinex
 & Ravago, Solvay, and Ticona.
     The Omnexus solution provides a single point of connectivity for plastics
 processors and suppliers and is an efficient, cost-effective method of
 eProcurement.  Omnexus is currently operational in North America and Europe
 and will service Asia and the rest of the world by 2002.  Global headquarters
 for the company are located in Zurich, Switzerland.  North American
 headquarters are in Atlanta, Ga.
 
      Contact:  Missy Herndon, missy@vollmerpr.com, or Pat Frank,
 pat@vollmerpr.com, both of VOLLMER, 713-546-2230, for Omnexus; or Paulien
 Boumans of The European Marketing Group, +31-164-317-015, for Omnexus; or
 pboumans@emg.nl; or Michael Thaler of Omnexus, 678-657-7546, or
 michael.thaler@omnexus.com.
 
                     MAKE YOUR OPINION COUNT -  Click Here
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SOURCE Omnexus
    ATLANTA, April 23 /PRNewswire Interactive News Release/ -- Omnexus(TM),
 the B2B global plastics e-marketplace (www.omnexus.com), announces the
 appointment of Michael J. Walsh as its chief financial officer.  Walsh, who
 served as the vice president of global finance with Omnexus since August 2000,
 brings more than 21 years of operational experience to the company along with
 a strong background in international finance.
     "I am pleased to announce the appointment of Michael Walsh as Omnexus' new
 CFO," said Peter Dunning, CEO of Omnexus.  "His broad expertise in both the
 public and private sector, as well as his international experience, makes him
 a perfect fit to lead Omnexus' financial team."
     Before joining Omnexus, Walsh was principal of Walsh Consulting, a
 financial and management consulting firm.  Walsh has completed acquisitions,
 sale, joint venture and restructuring transactions in the U.S., Romania, U.K.,
 Russia and Zambia.
     Prior to founding his own consultancy firm Walsh worked with various
 divisions of Masstock International, Ltd., and most recently served for three
 years as CEO and board member of U.S. subsidiary Masstock Southern Holdings,
 Inc.  Walsh began his career with Masstock as group chief accountant for its
 Saudi Arabian division.  He was then transferred to the U.S. and was promoted
 to CFO, a position he held until he was promoted to CEO of Masstock Southern
 Holdings, Inc.
     "I am very excited by the opportunity to provide the financial leadership
 for Omnexus and am particularly impressed with the company's achievements to-
 date," said Walsh.  "The company was founded by DuPont, Dow, Bayer, BASF and
 Ticona/Celanese and has already attracted an additional nine equity suppliers
 and a total of more than 20 global suppliers.  Omnexus has a solid financial
 foundation, and its unique business model of enabling relationships between
 existing customers and their suppliers, while dramatically reducing cost,
 virtually assures its success."
     Walsh began his financial career in Ireland and worked in public practice
 for several chartered accounting firms.  He is a Fellow member of the
 Association of Chartered Certified Accountants (FCCA), the equivalent of a
 Certified Public Accountant.
 
     About Omnexus
     Omnexus is the global, neutral eMarketplace focused on delivering products
 and related services to the plastics industry.  Founded and supported by the
 plastics industry, Omnexus currently consists of a growing list of more than
 20 global suppliers, including ATOFINA, BASF AG, Bayer AG, Biesterfeld,
 Clariant, Dow Chemical, DSM, DuPont, Ellis & Everard, Engel, PolyOne, Resinex
 & Ravago, Solvay, and Ticona.
     The Omnexus solution provides a single point of connectivity for plastics
 processors and suppliers and is an efficient, cost-effective method of
 eProcurement.  Omnexus is currently operational in North America and Europe
 and will service Asia and the rest of the world by 2002.  Global headquarters
 for the company are located in Zurich, Switzerland.  North American
 headquarters are in Atlanta, Ga.
 
      Contact:  Missy Herndon, missy@vollmerpr.com, or Pat Frank,
 pat@vollmerpr.com, both of VOLLMER, 713-546-2230, for Omnexus; or Paulien
 Boumans of The European Marketing Group, +31-164-317-015, for Omnexus; or
 pboumans@emg.nl; or Michael Thaler of Omnexus, 678-657-7546, or
 michael.thaler@omnexus.com.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X32977286
 
 SOURCE  Omnexus