Management Moves

CEW Evicted

Deaths

Corrections or additions?

Prepared for August 23, 2000 edition of U.S. 1 Newspaper. All

rights reserved.

Paytrust’s Merger

In a deal announced this Tuesday, August 22, Princeton’s

entry into the online bill paying service (www.Paytrust.com), will

merge

with its California-based competitor (www.PayMyBills.com).

The two companies both started out in 1999 but Paytrust took the lead

with an announcement in March that it would go public. The new company

will do business as Paytrust, and PayMyBills.com will be its wholly

owned subsidiary. Terms were not disclosed.

Paytrust.com (aka Secure Commerce Services) is headed by Ed

McLaughlin,

a Wharton graduate, Class of 1987, and this is McLaughlin’s third

start-up. PayMyBills.com is headed by John Tedesco, an alumnus of

Fairfield University, Class of 1992, who was one month out of Wharton

Graduate School when he did his launch. He and his co-founder, Jeff

Grass, are expected to stay with the firm. "There has always been

a tremendous amount of respect for each other," says McLaughlin,

"and we want to rapidly accelerate this space."

Secure Commerce Services, 29 Emmons Drive, Suite

E-10, Princeton 08540. Ed McLaughlin, chief executive officer.

609-720-1818;

fax, 609-720-1819. Home page: www.paytrust.com.

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Management Moves

Princeton eCom Corporation, 650 College Road,

Princeton

08540. Curt Welling, CEO. 609-924-1244; fax, 609-606-3297.

www.princetonecom.com.

Curt Welling has replaced Princeton eCom founder Donald Licciardello

as CEO. Welling was president and chief executive of SG Cowen

Securities

Corp. and executive vice president of SG Americas — both owned

by Paris-based Societe General bank. Ronald Averett remains as

president

and Licciardello is chairman of the board.

Princeton eCom does remote banking and processes electronic payments

for bank clients.

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CEW Evicted

After four years Consumer & Electronics Warehouse

(www.cew.net)

was evicted on Thursday, August 17, by Gale & Wentworth from its

retail

store at 135 Village Boulevard in Princeton Forrestal Village. The

state division of consumer affairs obtained a court order that same

day so that it can search for documents pertinent to a consumer fraud

investigation that results from more than 125 complaints received

since November, 1997.

With the attorney general’s office, the consumer affairs division

filed an 11-count complaint in Middlesex County Superior Court.

Another

18 cases involving eight individuals were also filed in Plainsboro

Municipal Court.

Top Of Page
Deaths

Stephanie Moyer Avila, 32, on August 13. She was a

financial

advisor with Mathtech Inc. at the Carnegie Center and a member of

the Trenton school board.

Arlene Kronewitter, 64, on August 13. She had worked at

Princeton University.

Allen T. Simeone, 55, on August 13. He was a general

manager

at Dow Jones and Co.

David W. Cushman, 60, on August 14. Co-inventor of the

hypertension drug Capoten, he was a fellow at Bristol-Myers Squibb

Pharmaceutical Research Institute.

J. Guy Woodward, 85, on August 16. He was a fellow at

the David Sarnoff Research Center.

Martin Barratt, 48, on August 16. He was director of loss

control with CNA on Cornwall Road.

George D. Martin, 73, on August 18. He was a senior

engineer

at Princeton Plasma Physics Laboratory.


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