Vialta Announces William M. Scharninghausen as Chief Financial Officer
Tuesday November 12, 8:47 am ET
FREMONT, Calif.--(BUSINESS WIRE)--Nov. 12, 2002--Vialta, Inc. (OTCBB: VLTA - News), developer of unique and innovative home entertainment and communications products, today announced the appointment of William M. Scharninghausen to the position of Chief Financial Officer (CFO) of the Company.
Most recently, Scharninghausen served as Senior Vice President, Finance and CFO of Diva Systems Corporation. Diva was a Redwood City based, video-on-demand provider to the cable television industry. Prior to joining Diva, he was the Corporate Controller and Chief Accounting Officer at Starsight Telecast, Inc.
"We are extremely happy to have Bill on board as our Chief Financial Officer," said Didier Pietri, President and CEO of Vialta, Inc. "His background and expertise will greatly benefit Vialta as it continues to develop and grow."
Scharninghausen brings several years of executive level and CFO experience to Vialta. He has an undergraduate degree in Business Administration from California Polytechnic State University at San Luis Obispo, California and is a Certified Public Accountant in the State of California.
"I am very excited to join Vialta and its seasoned management team," said Scharninghausen. "With the launch of Beamer, and the Phone Video Station product line, this is a key time in the company's life cycle. I look forward to making a significant contribution toward the growth of the company, bringing us national visibility and building on Vialta's successes."
About Vialta
Vialta, Inc. develops, designs and markets unique and innovative home entertainment and communications products. Vialta was formed in April 1999 and is publicly traded on the OTC Bulletin Board under the symbol "VLTA". The company is headquartered in Fremont, California with offices in Los Angeles, Toronto, and Hong Kong. More information about Vialta can be found at www.vialta.com.
The matters discussed in this news release include certain forward-looking statements that involve risks and uncertainties that may cause actual results to differ materially from those indicated, including, but not limited to, the timely introduction and market acceptance of Vialta's new and existing products, the impact of competitive products, pricing pressures, general economic conditions, and the other risks detailed from time to time in the SEC reports of Vialta, including Vialta's Annual Report on Form 10-K and most recent Quarterly Reports on Form 10-Q. The forward-looking statements contained herein are made only as of the date of this press release, and the company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
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Contact:
Vialta, Inc.
Ken Tenaglia, 510/870-3668
Director of Marketing
ken.tenaglia@vialta-inc.com
or
Edelman for Vialta
Todd Wilder, 650/429-2786
Senior Account Executive
todd.wilder@edelman.com
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Source: Vialta, Inc. |
