Clearone's Zee Hakimoglu Named North American Audio Conferencing CEO of the Year by Frost & Sullivan.SALT LAKE CITY -- ClearOne (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : CLRO CLRO Corporation of London Record Office .OB), the global provider of audio conferencing See audioconferencing. products, today announced that Zee Hakimoglu, 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. , received the prestigious 2007 North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Audio Conferencing CEO of the Year Award at Frost & Sullivan's annual Best Practices awards banquet on Wednesday, January 24th. Each year, Frost & Sullivan recognizes the CEO or executive who has demonstrated leadership within his or her industry. Gains in market share, decisions that improve earnings and grow the company, and leadership that affect observable changes in the industry, are common CEO performance measurement criterion and are important metrics Frost & Sullivan utilizes in its CEO of the Year Award selection process. In choosing its CEO of the Year, Frost & Sullivan's analyst team considers market share, market growth, market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" , profit margins, stock price, and overall industry impact in relation to CEO corporate organizational and strategic business actions. Hakimoglu, who has been with ClearOne since 2004, is credited with bringing the company current on its financial reporting, moving the company off the pink sheets market to the OTC market Noun 1. OTC market - a stock exchange where securities transactions are made via telephone and computer rather than on the floor of an exchange over-the-counter market , stabilizing the product and marketing plans, and refocusing Noun 1. refocusing - focusing again focalisation, focalization, focusing - the act of bringing into focus ClearOne on its core business. Frost & Sullivan also noted that Hakimoglu has ensured that ClearOne is not just relevant, but a leader in the audio conferencing systems space, with a series of audio conferencing products that fit the price and feature needs of most customers. "It is an honor to be recognized by Frost & Sullivan, one of the world's leading analyst firms," said Zee Hakimoglu, ClearOne's president and CEO. "This award is especially meaningful as it acknowledges the obstacles we have overcome in the past few years while also commending our strategic direction for the future. I am proud to say that our hard work has prepared us for the future. One never achieves success alone, so this award equally belongs to the entire ClearOne team." ABOUT CLEARONE ClearOne is a communications solutions company that develops and sells audio conferencing systems and related products for audio, video and web conferencing A videoconferencing session via the Internet. In order to interact with other participants, attendees use either a Web application or an application downloaded into their client machines. applications. The reliability, flexibility and performance of ClearOne's comprehensive solutions create a natural communications environment that saves organizations time and money by enabling more effective and efficient communication. For information, log on to www.clearone.com About Best Practices Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry. About Frost & Sullivan Frost & Sullivan has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. http://www.b2i.us/irpass.asp?BzID=509&to=ea&s=0 |
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