Bidchaser Names Patric Jerge President and CEO

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Veteran Executive to Lead Online Shopping Marketplace

His proven record in developing and managing software-related companies, managing resources, and creating product awareness makes Pat the ideal candidate to lead Bidchaser in our first large-scale expansion.

Bidchaser, the company leading the online shopping evolution ( http://www.bidchaser.com ), today announced the appointment of Pat Jerge as President and Chief Executive Officer. Leonardo Cunha, Bidchaser's founder and former President, remains a member of the board of directors and has been named Chief Technical Officer.

Pat joined the Bidchaser Marketplace to provide leadership during the company’s evolution from a start-up to a high-growth, successful personal trading platform. His experience in starting and growing companies from ideas to successful operations, along with a passion to succeed, are key attributes that Pat brings to Bidchaser.

About Pat Jerge

Pat has spent thirty years in technology companies serving the financial and banking industries. He was part of the founding group for Hogan Systems in 1978, taking it from an idea to IPO in four years. Hogan Systems pioneered real-time customer accounting systems for commercial banks. Today, over 75% of the largest banks in the US use the Hogan software as well as many banks in Europe, Asia and Africa. Pat helped develop the software, build the implementation, support, training, services and sales divisions as the company grew and was elected CEO in 1990. Hogan Systems was acquired by Computer Sciences Corporation (“CSC”) in 1994.

Pat has also started other successful companies, like Inventive Technologies, a client-server development tools provider and Hogan Jerge & Associates, a provider of data warehousing for banks. He has held the top executive job at both PRODUCT4 and First Commerce Technologies. Pat also held senior executive positions at the Jack Henry and S1 Corporations.

"We are thrilled to have someone with Pat's experience joining Bidchaser at this critical point in the company's evolution," said Cunha. "His proven record in developing and managing software-related companies, managing resources, and creating product awareness makes Pat the ideal candidate to lead Bidchaser in our first large-scale expansion." Between executive positions, Pat provided management consulting to companies like the Kirchman Corporation, Omnium Worldwide and Aurum Technology (now Fidelity Financial Information Solutions).

About Bidchaser

Bidchaser.com draws from the experience of seasoned Online Auction Professionals, a top-notch technical team, and a firm commitment to its membership. The Bidchaser Team has created an online trading community where experienced as well as new auction enthusiasts can exchange their goods at minimum risk in an elegant, simple, and entertaining format.

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Leonardo Cunha
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