Neil--IPIX Update--New Pres------
iPIX Announces New President and COO [IPIX-news]
iPIX Announces New President and COO Don Strickland to Drive Growth and Profitability As President and Chief Operating Officer OAK RIDGE, Tenn. and SAN RAMON, Calif., Sept. 14 /PRNewswire/ -- Internet Pictures Corporation [IPIX-news] ("iPIX"), the standard for dynamic imaging, today announced the appointment of Don Strickland to the position of President and Chief Operating Officer. Strickland will report to Jim Phillips, Chairman and CEO. Jeff Peters will lead the company's worldwide operations and customer service organization reporting to Strickland. "Don has played a key role in iPIX's emergence as the leader in dynamic imaging," said Jim Phillips, chairman and CEO of iPIX. "Under Don's leadership, iPIX has experienced significant growth in emerging verticals, such as online auctions with our exclusive relationship with eBay, as well as expansion into Europe and Asia. Don's experience in growing profitable digital imaging businesses will serve our shareholders well as we drive penetration of vertical markets dependent on rich media while maximizing efficiencies across the organization to increase our gross margins." As President, Don Strickland will oversee all domestic and international operations, including the company's real estate and e-commerce business units, product planning, and research and development. A twenty-year imaging veteran, Strickland will be responsible for growing iPIX's core dynamic imaging business in the real estate, travel, entertainment and e-commerce markets, as well as accelerating the company's move towards profitability. "Moving forward, we will continue to build on our first mover advantage, accelerating market adoption while making the strategic moves to more deeply penetrate our target verticals," said Don Strickland, president of iPIX. "At the same time, we will be streamlining our operations for the more effective delivery of our dynamic imaging solutions." Prior to joining iPIX, Strickland was President and CEO of Picture Works Technology, Inc., which was acquired by iPIX in April. As a veteran executive in the digital imaging industry, Strickland served as Vice President, Imaging and Technology for Apple Computer and Vice President, Equipment and Software for Eastman Kodak Company. Strickland holds several degrees including a bachelor's degree in physics from Virginia Tech, a master's degree in physics from the University of Notre Dame, a master's degree in optics from the University of Rochester, a master's degree in management from the Stanford Sloan School of Management and a law degree from George Washington University. About iPIX iPIX is the standard for dynamic imaging. 88% of the Media Metrix top 25 Web sites use iPIX to make their sites more dynamic. Businesses dependent on visual content rely on iPIX. IPIX's end-to-end dynamic imaging solutions enable the capture, processing, hosting, and distribution of rich media to thousands of Internet sites and millions of Internet enabled wired and wireless devices. A broad array of industries, including real estate, online auctions, e-retail, automotive, travel, publishing, and entertainment, are capitalizing on iPIX Internet pictures to give viewers more information, more interaction and a richer online experience. The company is headquartered in Oak Ridge, Tennessee with co-headquarters in Palo Alto, California. IPIX, and Internet Pictures are trademarks of Internet Pictures Corporation. This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbors created by those sections. Statements concerning the implementation of Internet Pictures Corporation's services and the benefits expected to result from those services constitute forward-looking statements and are based on current expectations. Actual results may differ materially from the results predicted and reported results should not be considered an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history; the unpredictability of future revenues; potential fluctuation in quarterly operating results; the evolving nature of the market for the Company's products and services; risks associated with new product introductions; product delays and errors; the success of recent agreements with other companies; challenges associated with managing rapid growth and risks associated with acquisitions; dependence on key personnel; the ability of the Company to continue to innovate and protect its intellectual property; the importance of strategic relationships with leading companies in our markets and in the technology industries; and the volatility of the Company's stock price. The matters discussed in this press release also involve risks and uncertainties described from time to time in Internet Pictures Corporation's filings with the Securities and Exchange Commission (SEC). In particular, see "Risk Factors" in the prospectus contained in the registration statement for Internet Pictures Corporation on Form S-1 filed with the SEC on May 4, 2000 which can be found at ( sec.gov ). SOURCE Internet Pictures Corporation -0- 09/14/2000 /CONTACT: Ed Lewis of Internet Pictures Corporation, 650-325-6787; or Corey Cutler or Amy Garay, or media, Eileen King or Emily Brunner, all of Morgen-Walke Associates, Inc., 212-850-5600/ |
