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Speedus Corp. (SPDE) Promotes John Kallassy to CFO

Speedus Corp. announced today that it has promoted John Kallassy to chief financial officer. Mr. Kallassy has served as executive vice president of Speedus for approximately eight years and will continue to serve as chief executive officer for Zargis Medical Corp., a position he has held for the past 4 years. Zargis is a majority-owned subsidiary of Speedus.

“John has done an outstanding job as Zargis’ CEO, where he successfully led the company from its research and development stage to a comprehensive product launch through a global marketing alliance with 3M,” commented Shant Hovnanian, Speedus’ chairman and CEO. “John’s enthusiasm is contagious and he has certainly earned this promotion and expanded role.”

Prior to his current leadership positions, John was a founder and the CEO of American Data Consultants (ADC). In 1997, Mr. Kallassy sold ADC to R.L. Polk and was employed with R.L. Polk for three years as the ADC division president. Later he was promoted to corporate vice president and led the product management and analytical consulting groups for the $100 million business unit.

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