TRI-VISION APPOINTS SEASONED CHIEF FINANCIAL OFFICER TO LEAD
ITS V-GIS(tm) V-CHIP CONSUMER PRODUCT LINE GROWTH
Mr. John A. Craig, C.A. signs on as new Chief Financial Officer of Tri-Vision International
May 19, 1998 - TORONTO, ONTARIO, CANADA - Tri-Vision International
Ltd./Ltee President & CEO Najmul Siddiqui is pleased to announce the Company has
appointed Mr. John A. Craig, C.A. to the position of Chief Financial Officer. In
addition, he has been appointed Vice President of Finance & Administration for
Tri-Vision International's wholly-owned subsidiary, Tri-Vision Electronics Inc.
An Honours graduate from the University of Western Ontario School of Business, Mr.
Craig brings a wealth of financial experience to Tri-Vision after holding senior positions
in medium to large sized North American businesses over the past 25 years. In his
distinguished career, Mr. Craig has held senior management positions in the
telecommunications and travel industries with such companies as Call-Net
Telecommunications (Sprint Canada), Wardair Canada, Worldways Charter Airline,
Troy Capital Inc. and MSC Management Services Inc.
"Tri-Vision is extremely pleased to have attracted such a seasoned financial expert to
lead its shift in focus from primarily industrial products to products for the consumer
marketplace. With Mr. Craig's experience and knowledge of consumer-related financial
management, Tri-Vision expects to realize greater cost management and a higher rate of
profitability from its consumer line of V-gis(tm) v-chip products," says Najmul Siddiqui,
Tri-Vision's President & CEO.
Following Tri-Vision's recent completion of a $13.8-million financing, Mr. Craig will
take the financial lead, both for operations as well as strategic financial planning, as the
Company aggressively moves into the consumer marketplace with the imminent rollout
of its V-gis(tm) v-chip product line in the United States. The rollout will follow the
anticipated announcement by U.S. broadcasters of the completion of program encoding
expected by late June, 1998.
"Being involved in the Telecommunications industry for many years and knowing Mr.
Craig's extensive background, I am confident that his addition to the Tri-Vision
management team will ensure that we are poised to handle the tremendous amount of
financial transactions anticipated as a result of the forthcoming launch of V-gis(tm)
v-chip products into homes throughout the United States," stated Todd Grunberg, Vice
President, Marketing & Business Development.
It is with great regret that Tri-Vision also announces the resignation of Mr. Razi Ansari
from the position of Chief Financial Officer and Vice President, Finance &
Administration. The Board of Tri-Vision and, in particular, Mr. Najmul Siddiqui,
President & CEO, gratefully acknowledge the invaluable contribution of Mr. Ansari
who has been with the Company since its inception and who has played an important
role in its success to date. The Board of Directors wishes Mr. Ansari the very best of
success in his future endeavors.
Tri-Vision is a publicly held company founded in 1986 and its shares trade on The
Toronto Stock Exchange under the symbol TVL (Warrants Symbol - TVL.WT). For
more information contact Century Communications Corporation at [888] 298-8551
(toll free) or by E-mail to tri-vision@tri-vision.ca or visit Tri-Vision's Internet site at "http://www.tri-vision.ca".
(Signed) On behalf of the Board of Directors of Tri-Vision International Ltd./Ltee.,
Najmul H. Siddiqui, Chairman, President & CEO Telephone: [416] 298-8551 |
