Date: Fri, 19 Dec 1997 03:43:46 GMT Server: Apache/1.2.1 Last-Modified: Fri, 05 Dec 1997 22:25:34 GMT ETag: "1e706d-1384-34887f5e" Content-Length: 4996 Accept-Ranges: bytes Connection: close Content-Type: text/html PAGES, INC. (NASDAQ: PAGZ)
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S. ROBERT DAVIS

S. Robert Davis has been Chairman of the Board and CEO of PAGES, Inc. for the past five years. Mr. Davis was founder of Arthur Treacher's Fish and Chips, Inc. He also was one of three original shareholders and directors of Wendy's International, was a founder, shareholder and director of Orange-Co., Inc., a manufacturer of frozen orange juice concentrate, and is a former Chairman of the Board of Buckeye Financial Corporation, and a former member of the Board of Directors of Buckeye Savings and Loan Associations.

BILL CLARKE

Bill Clarke joined PAGES a year ago as President and PAGES Book Fairs, marking the development of a new management team. Prior to joining PAGES Mr. Clarke was an independent management consultant, where he worked on a wide-variety of projects including Camelot Music, The Gap, Hewlett Packard, See's Candies and was a national partner of Ernst and Young and Deloitte & Touche, where he headed their retail consulting practices.

STEVE CANAN

Steve Canan was elected Chief Financial Officer and Treasurer in February of 1997. Mr. Canan joined PAGES as Controller in 1988 and has held several positions since then. Prior to joining PAGES, Mr. Canan served in senior financial positions with Xerox Education Publications and Arthur Andersen & Co. Edward Garcia joined PAGES as Vice President of Sales, previously he was Vice President of Sales at CPU Computer Associates, and held executive sales positions at IBM and Mobil Oil.

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THE STATE OF EDUCATION AND PAGES

Simply stated the next big opportunity for PAGES is to become a significant player in the evolving educational market. The opportunity is being driven by the interaction of two concurrent events.

First, most educators and parents believe that the educational system in the U.S. is broken and it is unlikely that the establishment will fix it in the near term. The problem is huge and complex but the essence of the issue is that we, as a country, are falling rapidly behind the other developed countries in the world in our ability to provide a quality education for all of our children.

As a result, a huge amount of parents and educators are looking for help that will allow them to fulfill their obligations of educating the children in the short-range while they attempt to resolve the issues which are causing the problems in the longer range. There will be a gigantic potential market for the development and introduction of educational tools and products that supplement the educational process, particularly the creative application of software, in-classroom technology and the Internet.

This problem will be resolved as the demand from parents and students intersect with the declining cost of technology. When these two conditions come about, there will be an unprecedented stampede to introduce technology into the classroom . . . and we want to be there.


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