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August 21, 2000 (N) NYSE:STR 00-20
Contacts:
Jeff Edwards Consonus, Inc. 801.268.8007 jedwards@consonus.com
R. Curtis Burnett Questar Corp. 801.324.5132 curtb@questar.com
CEO SELECTED FOR CONSONUS INC. Steven C. Eror named to top post of e-infrastructure company
SALT LAKE CITY, UT Consonus Inc., a premier provider of mission-critical business data center services, Internet application development, and managed-hosting services, today announced the appointment of Steven C. Eror as president and CEO. Eror was promoted from the position of vice president and CFO in the company, where he made a significant contribution to the combination of strategic businesses that became Consonus in June of this year and where he is a key architect of the company's financial and business strategy.
"We believe that this appointment will quicken the pace of Consonus' development into a unique e-infrastructure service business that meets the rigorous demands of companies that require top-quality, highly reliable Internet presence," said Don Cash, chairman of Consonus.
"The Consonus team is ready and able to address the quality of service gap faced by software, commerce and portal companies that are serious about establishing and maintaining a commercial Internet or network presence," said Eror. "Consonus is responding to the rapidly growing demand for high quality, disaster and fault tolerant networking and e-business solutions."
Questar Corp. (NYSE:STR), a Salt Lake City-based diversified energy company, formed Consonus from a core of growing and profitable networking, application and data center-related businesses. This core provided a foundation of network engineering, network operations and secure data-center facilities as well as established customer relationships.
Consonus currently provides medium and large companies with end-to-end services and solutions for building and operating Web e-business systems 24 hours a day in Class A, ultra-secure IT facilities. It has extensive experience in the Application Service Provider (ASP) market in developing and then applying high-quality systems to industries significantly affected by the explosive growth of Internet commerce, including high technology, health care, consumer retail, media, and financial services.
In naming Eror to the CEO post, Cash said, "The board is confident that Steve can accelerate the growth of this business. He has a solid track record in attracting capital to the businesses in which he has been involved, and his leadership is an important benefit in bringing together these endeavors and in finding and exploiting synergies in a high-growth environment."
Eror has held management positions with Ford Motor Co., Air Products and Chemicals Inc. and Guardian Industries Inc., where he was instrumental in developing, organizing and financing successful joint ventures in Venezuela, Thailand, Hungary, Spain, India, Luxembourg and China. He has more than 20 years of business-management experience in strategic planning, raising capital, and merger and acquisitions transactions. Most recently, he held the position of vice president and CFO of Pharmadigm, Inc., a privately held biopharmaceutical company engaged in the discovery and development of therapeutics for the management of acute inflammation. Prior to that, he served as executive vice president and CFO for Paperwise, Inc., a document imaging software development company, and as a vice president and CFO of Evans & Sutherland Computer Corp., a leading high-technology company involved in high-performance 3D visual simulation.
He is a summa cum laude graduate of the University of Utah with a bachelor's degree in economics and a master's in business administration.
About Consonus Inc. Consonus is headquartered in Salt Lake City, with sales and development offices in Salt Lake City, Utah and Portland, Ore. The company is currently expanding its operations and by the end of this year expects to operate from six locations, including three existing e-business data centers. By year-end, the company is planning to have two additional centers under construction in the Pacific northwest and Atlantic coast.
Consonus provides fully integrated services that enable middle-market to enterprise-level companies to manage their Internet commercial strategies. The company helps its customers overcome the complexity and uncertainty of conducting business online. In addition to e-business application development, Consonus service offerings include: comprehensive managed-hosting services in secure data centers with Internet backbone connectivity and total Application CareSM monitoring and maintenance, Web cluster hardware and software design and implementation, and engineering services for complete integration of voice, video and data networks. For more information, see www.consonus.com.
About Questar Questar Corp. (NYSE: STR) is a diversified natural gas company with $2.3 billion in assets distributed between regulated and non-regulated activities. Through subsidiaries, it engages in energy development and production; gas gathering and processing; wholesale gas, electricity and liquids trading; interstate gas transmission and storage; retail gas distribution and energy services; and information systems and technologies. For more information, see www.questar.com.
This news release contains some forward-looking statements about the future operations and expectations of Questar Corp. and its affiliates. These statements were made in good faith, and the corporation believes they are reasonable representations of the company's expected performance at this time. Actual results may vary from stated expectations due to a variety of factors.
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