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Direct Insite Names New Chief Operating Officer; Matthew E. Oakes Will Run Daily Global Operations in Growing Market for Cash Flow Optimization, Revenue Assurance and eInvoicing Solutions Outsourcing for Fortune 500 Companies
Direct Insite Corp. (OTCBB:DIRI), a global provider of eInvoicing, revenue assurance and cash flow optimization solutions, announced that Matthew E. Oakes has been named Chief Operating Officer. Mr. Oakes previously served as the Company's Executive Vice President of Client Services. He joined Direct Insite in 2002 as Director of Business Operations, Quality Assurance, Contracts and Administration.
"During his tenure with Direct Insite, Matthew has consistently demonstrated his expertise in running the day-to-day internal operations of a global organization," said Direct Insite CEO and Chairman James A. Cannavino. "He applies his skills to create operating efficiencies while maintaining an unrelenting commitment to deliver quality customer service. In short, I am very pleased to have him take on the role of Chief Operating Officer for our company."
Mr. Oakes is directly responsible for Program and Account Management, Customer Support, and Quality Assurance. He will now also be responsible for internal and administrative operations. Mr. Oakes will also continue to serve as the Company's in-house counsel.
"I am proud to play a part in the future of this company," said Mr. Oakes. "We have an exceptional management team in place, we have the most competitive and innovative suite of products and services available anywhere, and we have a strong roster of clients. All the tools are in place for us to take advantage of the growing market for our products and we anticipate strong revenue and earnings growth."
Prior to joining Direct Insite, Mr. Oakes was Operations Officer for Direct Media Networks, a New York based eCommerce and Technology Company.
Mr. Oakes earned his JD/MBA from Nova Southeastern University and Bachelors degree in Agricultural Economics from Cornell University. A former United States Marine, Mr. Oakes served with the 3rd Marine Division and as a Drill Instructor at Parris Island, South Carolina.
About Direct Insite
Direct Insite Corp. is a global leader in eInvoicing and cash flow optimization solutions that complement both accounts payable and receivable processing. Over 75% of the Fortune 1000 and 100% of the Financial Times 100 companies use Direct Insite's services. Direct Insite solutions are used to invoice more than 7,000 corporations world wide. Direct Insite was selected by Deloitte and Touche as one of the '500 Fastest-Growing Technology Companies' in the United States and Canada. For more information, call 954-510-3750, or visit www.directinsite.com.
FORWARD-LOOKING STATEMENTS. All statements other than statements of historical fact included in this release, including without limitation statements regarding the company's financial position, business strategy, and the plans and objectives of the company's management for future operations, are forward-looking statements. When used in this release, words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the company's management, as well as assumptions made by and information currently available to the company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to, business and economic conditions, competitive factors and pricing pressures, capacity and supply constraints. Such statements reflect the views of the company with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to the operations, results of operations, growth strategy and liquidity of the company. Readers are cautioned not to place undue reliance on these forward-looking statements. The company does not undertake any obligation to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events.