Avistar Appoints James W. Zeigon To Board of Directors; Zeigon Adds Financial Services Expertise to Avistar's Board.REDWOOD SHORES, Calif. -- Avistar Communications Corporation (Nasdaq:AVSR (Audio Visual Speech Recognition) Using lip reading software to enhance speech recognition. In noisy environments where a camera can be included, AVSR improves the computer's ability to recognize the speaker's words by visually tracking lip movement and ), a provider of business video collaboration solutions, today announced the addition of James W. Zeigon to the Avistar Board of Directors. The nomination was confirmed at Avistar's Annual Shareholder Meeting, held on June 2, 2004. Currently serving as a strategic consultant to global financial and operating services businesses, Mr. Zeigon is a former senior executive with Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank and The Chase Manhattan Corporation The Chase Manhattan Corporation was a bank holding company formed as parent of the Chase Manhattan Bank. During its time as the parent company, it was led in succession by David Rockefeller, Willard C. Butcher, and Thomas G. Labrecque. . "We are fortunate to have someone of Jim's caliber to supplement our already-impressive Board of Directors," said Jerry Burnett, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Avistar. "We expect to benefit greatly from his in-depth knowledge of the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. community, and what motivates financial institutions to invest in collaborative technologies, an area that we continue to focus on." Mr. Zeigon's significant experience and expertise include his current role as a financial services consultant, past tenure at Deutsche Bank as Managing Director and CEO of Global Institutional Services, Vice Chairman of the Global Transaction Bank, co-President of Bankers Trust Corporation, and Senior Managing Director for Chase Global Services of The Chase Manhattan Corporation. He has a bachelor's degree from Hofstra University and an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Adelphi University. "I am delighted to be part of the Avistar team," said Jim Zeigon. "I've experienced first-hand the power of video collaboration in both streamlining work processes and establishing competitive advantage in cross-enterprise interaction. I believe Avistar can and will make a significant contribution in establishing the power of the video community across financial service firms, and beyond that vertical as well." Avistar's current Board of Directors is comprised of Dr. Jerry Burnett, Chairman of the Board and Chief Executive Officer, Avistar Communications; William Campbell, Vice Chairman, Executive Vice President, and Corporate Secretary, Avistar Communications; Stephen Heinrichs, Director; Robert Latta, Member, Wilson Sonsini Goodrich & Rosati, Professional Corporation; Dr. Robert Metcalfe, General Partner, Polaris Venture Partners, and David Solo, Chief Executive Officer of GAM Holding AG, a subsidiary of UBS AG. About Avistar Communications Corporation Avistar develops, markets and supports video collaboration solutions for the enterprise, all powered by the AvistarVOS software. From the desktop, Avistar delivers TV-quality video calling, recording, publishing to web and emails, video-on-demand, broadcast, and document sharing. Avistar delivers on vBusiness -- video-enabling business -- by integrating visual communications into the daily workflow and connecting communities of users within and across enterprises. Founded in 1993, Avistar Communications Corporation is headquartered in Redwood Shores, California Redwood Shores is an upscale and desirable [1] waterfront neighborhood on the San Francisco Peninsula in California. It is located on the eastern edge of Belmont, but is actually part of incorporated Redwood City. , with sales offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and London. Avistar's technology is used in more than 35 countries. Collaboration Properties, Inc Collaboration Properties, Inc. (CPI) is a wholly owned subsidiary of Avistar Communications Corporation. It holds US and foreign patents in the primary areas of presence-based interactions, desktop video, recorded and live media at the desktop, multimedia documents, data sharing, ., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Avistar Communications Corporation, holds a broad portfolio of patents covering the AvistarVOS platform as well as multiple software and hardware video collaboration products. For more information, visit www.avistar.com. Forward Looking Statements This news release contains forward-looking statements, including but not limited to statements regarding Mr. Zeigon's impact at Avistar and Avistar's role in establishing the power of the video community across financial services firms. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. We refer you to the documents that Avistar files from time to time with the Securities and Exchange Commission, in particular the section entitled "Factors Affecting Future Operating Results" in Avistar's annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and its quarterly reports on Forms 10-Q. Avistar, AvistarVOS, and the Avistar logo are trademarks or registered trademarks of Avistar Communications Corporation |
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