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Folio Exchange Appoints ex-Hilton & Outrigger CIO Francis Joseph “Joe" Durocher to its Board of Directors

Joe Durocher, Former CIO for Hilton and Outrigger Resorts joins board of Folio Exchange, the industry leader in web based hospitality billing and remittance.

Denver, CO (PRWEB) March 1, 2006 -- Pivex, LLC the holding company for “Folio Exchange,” the world’s leading web based billing & remittance service for the hospitality industry, announced today the appointment of Francis Joseph “Joe” Durocher it’s Board of Directors, effective March 1st, 2006.

“It is a pleasure to welcome such a high caliber individual as Mr. Durocher to our Board of Directors,” said Joe Bollinger, Pivex Chairman and CEO. “His decades of experience and leadership in the hospitality industry will be invaluable in making Folio Exchange a truly world class enterprise billing solution for the hospitality industry.”

“While I was with Outrigger Hotels & Resorts, I experienced first hand the significant benefits of web based billing and remittance with Folio Exchange. This company is poised to change the way the whole industry handles tour, group and corporate account invoicing and I am excited to be a part of it,” said Mr. Durocher.

Mr. Durocher brings to Folio Exchange significant expertise in the hospitality industry. A former CIO for Outrigger Hotels & Resorts and Hilton Hotels, Mr. Durocher earned a reputation as an industry leader in exploiting new technology to drive efficiencies across the whole enterprise.

Mr. Durocher holds a B.S. degree in Electrical Engineering along with an MBA from the University of Hawaii.

Pivex, LLC founded in 2000, provides comprehensive web based billing and remittance services to the hospitality industry via its industry leading “Folio Exchange” service which has processed hundreds of millions of dollars in transactions for such clients as American Airlines Vacations, Hyatt Hotels & Resorts, Gaylord Entertainment, Pleasant Holidays and Japan Airlines. For more information, please visit www.folioexchange.com or contact Jeff Lu, Director of Sales & Business Relations at 866-867-5923.

Pivex, LLC
999 18th, Suite 3000
Denver, C0 80202

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