i happened to be awake early this morning
when this release appeared under ampex.
have a look at why it's interesting....
beyond the letters of the ticker, anyway.
ACCOM STRENGTHENS MANAGEMENT TEAM
MENLO PARK, Calif., Dec. 17 /PRNewswire/ -- Accom, Inc. (OTC Bulletin Board: ACMM) announced today the addition of three industry leaders to its management team reporting to Junaid Sheikh, Chairman and CEO.
Phillip Bennett has joined Accom as Executive Vice President of Technology, William T. Ludwig as Vice President of Worldwide Sales, and Donald K. McCauley as Vice President and Chief Financial Officer.
Phillip Bennett was a founder and Vice President of Engineering of Abekas Video Systems from 1982 to 1993 and managed all aspects of R&D from inception to a staff of 60. He was responsible for original concepts and rapid concurrent development of a wide range of television effects and digital recording systems. During that period Abekas was internationally recognized for its innovative products and ability to develop and deliver targeted products very rapidly. Prior to Abekas, he was Project Manager for the Ampex special effects group. Since 1993, Mr. Bennett has been a private investor and active in image processing and television systems development
William T. Ludwig, Vice President of Sales, joins Accom from Pinnacle Systems where he was Vice President of Sales for Americas/Far East. Previously Mr. Ludwig was Sales Director with FAST Electronics and held several sales positions at Abekas Video Systems over an 11 year span, including Sales Director for the Americas/Pacific.
Donald K. McCauley is Accom's new Chief Financial Officer. Mr. McCauley was a founder and CFO of ImMIX, the Grass Valley-based non-linear editing systems manufacturer subsequently purchased by Scitex. Mr. McCauley became Vice President & CFO of Scitex Digital Video when Scitex purchased Abekas Video Systems in 1994 and merged the Abekas & ImMIX operations. Before ImMIX, Mr. McCauley was Vice President & CFO of The Grass Valley Group, a subsidiary of Tektronix with annual revenues of $150 Million.
"I am extremely pleased to have Phil, Bill and Don join the Accom management team," said Sheikh. "I believe with the addition of such talented, experienced, and respected individuals, Accom now has one of the strongest management teams in our industry.
"Phil Bennett and I worked together for a long time, including co-founding Abekas Video Systems, and I am thrilled that we are joining forces again. Bill Ludwig and I also worked together at Abekas, and I am delighted to be working with him again. I developed a great deal of respect for Don McCauley while working with him through the due diligence process of acquiring Scitex Digital Video, and I am looking forward to working with him.
"I believe that with the acquisition of Scitex Digital Video and the strengthening of the management team, Accom is well positioned to grow profitably and take a leadership role in the television industry."
About Accom
Accom, headquartered in Menlo Park, California, designs,
manufactures, sells, and supports a complete line of digital video
production, recording and editing tools, and the ELSET virtual set
systems, for the worldwide professional television production, post
production, broadcasting, and computer video marketplaces.
For more information, visit the Accom web site at www.accom.com. Special Note: This press release contains forward-looking statements that are subject to risks and uncertainties. Actual results could differ materially from those projected in the forward-looking statements. Accom wishes to alert readers that there exist various risk factors related to the Company's business, such as the risk that the Company will not be able to offset revenue declines in its Asia Pacific region, the risk that the Company's new products will not achieve market acceptance, and the risk that the Company will not return to profitable growth, as well as other factors, which could cause actual events or the Company's results for future quarters or years to differ materially from those expressed in any forward-looking statements made by or on behalf of the Company. Accom directs readers to the more detailed discussion of risk factors related to its business in its Annual Report on Form 10-K for the year ended September 30, 1997 under the heading "Additional Factors That May Affect Future Results." The 10-K report is available by calling Accom at 650-328-3818 or by accessing Accom's EDGAR filings on the SEC home page on the Internet at sec.gov.
SOURCE Accom, Inc.
------------------------------------------------------------------------
12/17/98 /CONTACT: Junaid Sheikh, CEO
of Accom, 650-328-3818, ext., 244/
/Web site: accom.com (ACMM)
CO: Accom, Inc. ST: California IN: CPR SU: PER
|
