Advanced Technetix Enlarges Company's Board with Appointment of CFO.ALBUQUERQUE, N.M. -- Advanced Technetix, Inc. (Pink Sheets:AVXN), today announced the appointment of Bruce M. Palmer to its Board of Directors. George Stevens Noun 1. George Stevens - United States filmmaker (1905-1975) Stevens , Advanced Technetix's Chief Executive Officer said, "Bruce Palmer
Bruce Palmer (September 9 1946 – October 1 2004) was a Canadian musician most famous for playing bass guitar in the influential folk-rock band Buffalo Springfield. has served for the past year as Advanced Technetix's Vice President and Chief Financial Officer, and has performed key functions in our Company's transition to a IPTV (Internet Protocol TV) Also called "TV over IP," IPTV delivers scheduled TV programs and video-on-demand (VOD) via the IP protocol and digital streaming techniques used to watch video on the Internet. research, development and manufacturing entity. He will continue to add valuable advisory functions as a member of our Board." Palmer, who has worked in the telecommunications and long distance industry for over 16 years, co-founded and served as President of Transamerica Management, a Southern California-based telecommunication Reseller Company. He also served as CFO See Chief Financial Officer. , West Coast operations, for Circuit City. He holds a B.A. in Business Administration with an emphasis in Accounting from the Walton School of Commerce in Chicago. About Advanced Technetix, Inc. Advanced Technetix's suite of advanced technology products, including its patented and proprietary "AccessKey[TM], a flash drive-sized, portable version of the Company's wireless "Triple Play" Digital Media Center [TM], is unique in the telecommunications field, and relates particularly to the quickly-developing IPtv protocol (television broadcasting over the Internet) revolution. Advanced Technetix's products connect directly to both a television and/or a computer to enable viewing of broadcast and cable television wherever the viewer may be. Both the AccessKey[TM] and the Triple Play set-top box The cable TV box that sits on "top" of the TV "set," although it is often located several feet away in an equipment rack. The set-top box descrambles the premium channels and provides a tuner for the higher cable numbers that very old TVs did not support. [TM] enable traditional Internet access See how to access the Internet. , telephone service (VOIP (Voice Over IP) A digital telephone service that uses the public Internet as well as private backbones instead of the traditional telephone network. Many companies, including Vonage, 8x8 and AT&T (CallVantage), typically offer calling within the country for a ) and data and video capability including video conferencing See videoconferencing. (communications) video conferencing - A discussion between two or more groups of people who are in different places but can see and hear each other using electronic communications. . The boxes' new IPtv cache will also feature music channels that can play music and the corresponding video if it is available, as well as provide "time shifted" services such as the ability to record one program while watching another. Advanced Technetix believes it is the first company with the ability to deliver Internet TV with the clarity of high definition to ordinary TV sets. Forward-Looking Statements This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Those statements include statements regarding the intent, belief or current expectations of Advanced Technetix, and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. |
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