Hi, Elliot,
I've pretty much given up on PNLG. It's not over until it's over, but it's pretty nearly over: several new products, and almost literally zero booked sales of any of them during the past year.
But as to DDEV I am being stubborn -- at least now there's this very good news. At last a company President who also represents major stakeholders!
I see this as a very positive development. Now we'll find out if DDEV and its technology have a shot.
- Charles
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DELRAY BEACH, Fla.--(BUSINESS WIRE)--May 17, 2001--Distinctive Devices, Inc. (OTC-BB: DDEV), announced today that the Board of Directors has elected Sanjay Mody, to serve as President, Chief Executive Officer and Chief Financial Officer of the Company.
At the same meeting, the Board of Directors accepted the resignation of James Wolff as the Company's President, Treasurer and Chief Executive Officer. Mr. Wolff remains a member of the Company's Board of Directors.
Mr. Shrikant Mehta 57, President of Combine International Inc. Troy, Michigan has been added to the company's Board Of Directors. He is also the CEO of Internet Operation Centers Inc. The company provides web hosting and other Internet services. Mr. Mehta has a highly successful Jewelry manufacturing operation. He has interest in several successful technology companies worldwide.
Mr. Bill Walles 40, President of Internet Operations Center Inc. Birmingham, MI has also joined on the Board Of Directors. Mr. Walles has over 16 years of experience in hi-tech, engineering management and business analyst roles in industry and military.
Mr. Mody has operated several businesses in manufacturing, software development and technology development here in the US and overseas. Mr. Mody previously served for four (4) years as a vice president of Laidlaw Global Securities, Inc., in New York City. He has been a director of the Company since March 2000. |
