IT FACTORY appoints Chief Financial Officer; Brings former CFO of NASDAQ-listed company onto executive team; Former senior financial executive with Renaissance worldwide key player in IT FACTORY's plan for continued growth and acquisition.

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M2 PRESSWIRE-27 March 2000-IT FACTORY: IT FACTORY appoints Chief Financial Officer; Brings former CFO of NASDAQ-listed company onto executive team; Former senior financial executive with Renaissance worldwide key player in IT FACTORY's plan for continued growth and acquisition (C)1994-2000 M2 COMMUNICATIONS LTD RDATE:27032000 IT FACTORY, the leading international supplier of collaborative Web applications, today announced the appointment of Bob Foley, an experienced senior financial executive in the high tech industry, to the post of Chief Financial Officer.

Foley brings more than 25 years of management experience, most recently with Renaissance Worldwide (NASDAQ: REGI), a company Foley led through IPO in mid-1996. Foley's experience and expertise...