BSQUARE Announces New CFO; Seasoned Financial Executive Scott Mahan Joins Team.Business Editors/High-Tech Writers BELLEVUE, Wash.--(BUSINESS WIRE)--Jan. 5, 2004 BSQUARE Corporation (Nasdaq:BSQR), today announced that Scott Mahan, an experienced finance and operations executive and a financial consultant to the company, was appointed to the position of vice president, finance and CFO See Chief Financial Officer. . BSQUARE also announced that Nogi Asp resigned from the role of vice president, finance and chief financial officer. Mr. Asp has decided to leave the company to pursue other opportunities and will assist during the transition. "I respect Nogi's contributions to BSQUARE and wish him the best in his future endeavors," said Brian Crowley Brian Crowley (born March 4, 1964) is an Irish politician and Member of the European Parliament for Ireland South for Fianna Fáil. He is co-president of the Union for a Europe of Nations group in the European Parliament in which Fianna Fáil sits. , president 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 BSQUARE. "At the same time, I am pleased to have Scott join the team and look forward to working further with him to improve BSQUARE's operations. Scott's prior experience with similar companies, combined with the financial consulting work he has done for us over the past months, will add tremendous value as we strive for operational excellence inside BSQUARE." Crowley added, "Scott is eager to help BSQUARE achieve its true potential and I am excited about BSQUARE's future and the outstanding executives on my team." Mr. Mahan's background includes significant experience with software and service businesses as well as a number of years in public accounting and manufacturing. Prior to consulting with BSQUARE, Scott held senior positions at a number of companies including Xylo, Inc., QPass, Inc., Spry, Inc., Paccar Inc., Ernst and Young LLPO LLPO Limited Liability Put Option LLPO Lesser Principle of Omniscience and others. Scott's operations experience includes successfully leading legal, human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , facilities, information technology, and customer support teams at a number of companies, both domestically and internationally. In addition, he has considerable business transaction experience including capital formation of equity and debt, M&A and transaction structuring. About BSQUARE BSQUARE accelerates the development, deployment, and management of next-generation smart devices and applications. For nearly a decade, BSQUARE has provided more than 150 world-class manufacturers, integrators, and service providers with the building blocks necessary to design, develop, and test innovative products quickly and cost effectively. The company's suite of products and services includes Device Development Solutions, Wireless Solutions, and Custom Engineering Services. BSQUARE offers its customers deep expertise in the latest hardware and software, providing critical engineering services that have resulted in the successful launch of hundreds of new products and applications. For more information, visit BSQUARE at www.bsquare.com or call 888-820-4500. BSQUARE is a registered trademark of BSQUARE Corporation. All other product and company names herein may be trademarks of their respective owners. This release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of 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, including statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc our financial position and projected financial results. The words "believe," "expect," "intend," "anticipate," variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. Our forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict and could cause actual results to differ materially from those projected. Factors that could affect our actual results include a decline in the market for our products, technology licenses and services, a decline in the market for Windows-based or other smart devices or the failure of this market to develop as anticipated, adverse changes in macro-economic conditions, our ability to successfully implement, execute and make adjustments in our business strategy, business model or product offerings to meet the needs of our current, new and potential customers, risks associated with the effects of our restructurings and our ability to successfully support our operations, competition and intellectual property risks. In addition, demand for our Power Handheld based devices is uncertain and will be affected by a variety of business and economic conditions, including customer-ordering patterns. A more detailed description of certain factors that could affect actual results include, but are not limited to, those discussed in BSQUARE'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. for the year ended December 31, 2002 in the section entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: "Risk Factors" and in our subsequent Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. . Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We undertake no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or after the date of this release or to reflect the occurrence of unanticipated events. |
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