Elevon Stockholders Approve Name Change
29 May 2002 -- Elevon, Inc. (OTCBB: WALK), a leading provider of advanced
business solutions in the areas of collaborative commerce and knowledge
management, has announced that its stockholders have approved a change in
the Company's name from Walker Interactive Systems, Inc. to Elevon, Inc.
Although there are legal filings that need to take place, as of today the
Company is now Elevon. At present, the Company's shares will continue to be
traded on the OTC Bulletin Board under the symbol "WALK."
In February, Walker Interactive Systems, Inc. announced it was now doing
business as Elevon, Inc. This name change came about as a response to
several changes in the way the Company was conducting business. Over the
past few years, Walker had made significant changes with regard to the set
of products and services it was delivering to the marketplace in order to
meet the growing customer and market demand for more collaborative business
solutions using a more open environment.
Although the Company has made these changes to its business over the past
several years, and has been selling products and services that are
fundamentally different from those of the past, the perception of the
Company in the market continued to be that of a mainframe financial software
company. Research revealed that this perception was linked to the Walker
brand. While the Walker brand continues to carry with it a very positive
perception in the marketplace, it is not the correct perception with regard
to the collaborative business solutions and technologies the company is
In addition to undergoing significant changes to its overall business, last
year the Company acquired the Intellectual Property of QSP Group PLC. This
recent acquisition is significant because it enables Elevon to expand on its
offering for collaborative commerce business solutions and it also allows
Elevon to offer these solutions on a greater range of hardware platforms.
After considering all the changes to the organisation in the last few years,
the decision was made to change the brand to Elevon. The Elevon brand is a
better reflection of the Company's place in today's market as a leading
provider of the most innovative solutions for collaborative commerce and
knowledge management through the most open, advanced technologies available
"We are pleased to announce that the stockholders today approved the change
of the Company's name to Elevon. Changing the company name to Elevon better
reflects our commitment to our customers and to our strategy for providing
advanced business solutions for elevating collaboration beyond the four
walls of the enterprise," said Frank Richardson, CEO of Elevon. "We are
proud of what we have accomplished throughout the history of the Company,
and now look forward to continuing our promise to deliver on our strategy
for helping our customers elevate their business with Elevon's advanced
business solutions and technologies."
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Elevon, Inc. (OTCBB: WALK), headquartered in San Francisco, is a leading
provider of advanced business solutions in the areas of collaborative
commerce and knowledge management. Over the last three years, Walker
Interactive Systems, Inc., now doing business as Elevon, Inc., has been
extremely successful providing e-business solutions to Global 2000
organisations. After working extensively with these leading organisations,
Elevon has identified the need to deliver collaborative solutions that
extend beyond the four walls of the enterprise.
Elevon calls this Collaborative Synergies. Elevon is elevating
collaborative commerce to the next level and elevating your company's
performance. More information about Elevon is available at
Copyright (c) 2002 Elevon Inc. is a trademark and/or registered trademark of
Walker Interactive Systems, Inc. All other brand and product names are
trademarks of their respective owners.
For additional information contact:
Susan Morgan Clare Frost
Tel: 01296 505253 Tel: 01296 505267
email: firstname.lastname@example.org email: email@example.com
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