Danny Gampe to Resign Post as Digital Lava's Chief Financial Officer; Bennett Lientz Appointed Interim Chief Financial Officer.Business Editors MARINA DEL REY Del Rey may refer to:
Digital Lava Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DGLV) today announced that Danny Gampe will resign his post as Chief Financial Officer at year-end for personal reasons. The company reported that Bennett Lientz has joined the company and will be the Interim Chief Financial Officer until a replacement is found. Heidrick & Struggles International, Inc., a global executive search firm, is presently conducting an active search for a replacement CFO See Chief Financial Officer. . "We greatly value Danny's support and guidance over the past three years," said Bob Greene, 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 Digital Lava. "He has made a significant contribution to the financial stability that Digital Lava has achieved. Our regret is offset by the knowledge that he will be working much closer to his home and building another startup venture as CFO of LivHOME, Inc." Bennett Lientz Jr. has joined Digital Lava and will serve as Interim Chief Financial Officer. "Bennett's extensive accounting, financial reporting and legal experience will be invaluable while our search for a new CFO is underway," said Greene. "With Ben Lientz as interim CFO, we are still moving forward with all plans and operations and anticipate announcing a new permanent CFO shortly." Lientz is a licensed attorney and Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. in the state of California and holds a B.A. in business economics from the University of California, Santa Barbara History The predecessor to UCSB, Santa Barbara State College, focused on teacher training, industrial arts, home economics, and foreign languages. Intense lobbying by an interest group in the City of Santa Barbara led by Thomas Storke and Pearl Chase persuaded the State , and a J.D. from Southwestern University School of Law. ABOUT DIGITAL LAVA Digital Lava is a communications Application Services Provider (ASP) that provides digital publishing services and the enabling software technology to Fortune 1000 companies to create on-demand interactive communications and presentations. Digital Lava's rich media software applications seamlessly link digital video and audio content with a variety of other formats such as text, graphics, animation and Web links. Our robust in-house service offering provides a turnkey solution that delivers rich media quickly and efficiently. End-users are provided with a fully integrated and interactive experience delivered to the desktop via the Internet, intranet, extranet, DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. , CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). or any combination. Digital Lava's partners and clients include Microsoft, Akamai (Intervu), RealNetworks, Cisco Systems, Dell Computers, Siebel, KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen , Prudential Insurance, Network Associates, Alcatel, CompuCom, Whirpool and medschool.com. Digital Lava has headquarters in Marina del Rey. For additional information, visit Digital Lava's Web site at http://www.digitallava.com or call 888/222-LAVA. This news release contains forward-looking statements concerning the business and products of Digital Lava Inc. Actual results may differ from those projected or implied by such forward-looking statements depending on a number of risks and uncertainties including, but not limited to the following: development, shipment and market acceptance of Digital Lava's products. Other risks inherent in the business of Digital Lava are described in Securities and Exchange Commission filings, including Digital Lava's registration statement on Form S-3. Digital Lava undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this release. |
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