Ptooey. What shoddy credentials ;-)
Princeton Video Image, Inc. Names
Dennis P. Wilkinson as New President
and Chief Executive Officer
- Extensive Senior Level Management Experience in Advertising and
Broadcasting Industries -
LAWRENCEVILLE, N.J.--(BUSINESS WIRE)--Nov. 30, 1998-- Princeton Video Image, Inc.
(Nasdaq:PVII - news; pvimage.com), today announced that it has named Dennis P.
Wilkinson to the position of President and Chief Executive Officer, reporting to the Company's
Board of Directors.
Mr. Wilkinson, 50, was previously Senior Vice President of Marketing and Programming at
Primestar, Inc., the nation's second largest Direct Broadcast Satellite provider. In addition to
managing a $100 million annual advertising budget, he was responsible for both marketing and
programming at Primestar, helping to facilitate the company's exceptional revenue growth from $100
million to over $1 billion annually and negotiating over 100 programming contracts in under three
years.
Prior to his tenure at Primestar, Mr. Wilkinson was Senior Vice President of Consumer Marketing at
Time Warner Entertainment/Home Box Office from 1992 to 1995, where he was responsible for all
consumer marketing, including brand positioning, advertising, promotion, and ethnic marketing.
Mr. Wilkinson also has extensive advertising industry experience. He was Executive Vice President
and General Manager of Young & Rubicam/Chicago, President of DDB Needham Worldwide/San
Francisco, and Senior Vice President and Deputy General Manager of Foote, Cone & Belding/San
Francisco. He began his career as an Account Executive at J. Walter Thompson Company.
Brown Williams, Chairman, commented, ''Denny's exceptional and extensive experience as a senior
level executive in the advertising and broadcasting industries, coupled with his remarkable track
record of new business development in these fields, makes him a superb selection for the positions of
President and Chief Executive Officer of Princeton Video Image. His years of accomplishment in the
advertising community will prove invaluable as we strengthen our relationship with that important
constituency.''
Mr. Williams added, ''Denny's outstanding leadership and marketing skills will be crucial as
Princeton Video Image continues its transition from a technology company to a marketing company.
As we build upon our existing partnerships, develop new products, and increase our penetration in
the domestic and international markets, we are confident that Denny will be a critical addition to our
management team.''
Mr. Wilkinson succeeds Douglas Greenlaw, who in April 1998 announced his intention to step
down as Chief Executive Officer by year-end.
Mr. Williams continued, ''On behalf of the Board of Directors and our shareholders, I would like to
thank Doug for his past contributions to Princeton Video Image, as well as his continuous support
during this transition period. We extend to him our best wishes for continued success.''
Princeton Video Image, Inc. has developed and is marketing a real-time video insertion system that,
through patented pattern recognition technology, places computer-generated electronic images into
television broadcasts of sporting events as well as other programming. These electronic images range
from simple corporate names and logos to sophisticated 3-D images and animated effects. The
company is headquartered in Lawrenceville, New Jersey, with offices in New York City.
Any statements contained in this press release that relate to future plans, events or performance are
forward-looking statements that involve risks and uncertainties including, but not limited to, those
relating to market acceptance, dependence on strategic partners and third party sales, contractual
restraints on use of the Company's technology, a rapidly changing commercial and technological
environment, competition, possible adverse regulations, need for additional financing, intellectual
property rights and litigation, and other risks identified in the Company's filings with the Securities
and Exchange Commission. Actual results, events or performance may differ materially. The
Company undertakes no obligation to publicly release the result of any revisions to these
forward-looking statements that may be made to reflect events or circumstances after the date
hereof to reflect the occurrence of unanticipated events.
Contact:
Princeton Video Image, Inc.
Lawrence L. Epstein
Vice President of Finance and
Chief Financial Officer
(609) 912-9400
pvimage.com
or
Investor Contact:
Morgen-Walke Associates, Inc.
Gordon McCoun/Tessa Lavender Beck
(212) 850-5600 |
