PureDepth(TM) Hires Jon McCaman as Chief Financial Officer.Pioneering Digital Display Firm Taps Long-Time Veteran of Supply Chain Management and Transportation Industries To Oversee Financial Operations REDWOOD SHORES, Calif. -- PureDepth[TM], Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : PDEP PDEP Project Development and Execution Process PDEP Probabilistic Dependency Gate PDEP People with Disabilities Employment Program ), a global leader in next-generation display technologies and the pioneer of multi-layer display (MLD MLD median lethal dose; minimum lethal dose. MLD or mld abbr. minimal lethal dose MLD, n See dose, lethal, minimum. MLD minimum lethal dose. [TM]) technology, today announced the appointment of Jon McCaman to the position of Chief Finanical Officer. Mr. McCaman replaces Robert O'Callahan, who for health-related reasons will step down as CFO See Chief Financial Officer. but will remain with the company, assuming a senior finance position with the organization. "I want to thank Bob O'Callahan for the excellent work he did as our CFO. He has made a tremendous contribution to the company and I'm happy he will remain a key part of our financial team," said Fred Angelopoulos, 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 PureDepth. "I'm also delighted that we have been able to attract an individual of Jon McCaman's caliber at this important time in PureDepth's development. Jon's decades of experience and accomplishments in financial operations and in international financial issues will be invaluable to our continued growth and success." McCaman joins PureDepth from Exel, a leader in supply chain management with US$10 billion in annual revenues, where he served as vice president of finance. Before joining Exel in 2001, he held senior executive positions in finance and planning for more than 15 years at DHL DHL abbr. 1. Doctor of Hebrew Letters 2. Doctor of Hebrew Literature Worldwide Express. "Jon will play an important role in helping PureDepth grow as we capitalize both domestically and internationally on our unique technology," Angelopoulos said. "I'm excited to join such a vibrant, innovative company at a key point in its history," McCaman said. "PureDepth has incredible potential and I'm looking forward to helping the company improve and expand many aspects of its financial operations, investor relations Investor relations The process by which the corporation communicates with its investors. and fiscal oversight." PureDepth's MLD technology is an LCD layered, multi-dimensional (using real depth between two or more LCD panels) viewing innovation that enables users to simultaneously view two separate fields of data on one monitor. By overlaying two or more separate image planes within a single monitor, MLD provides true depth of vision that significantly enhances the visual experience with faster response to time-critical data and better assimilation and comprehension of data of any kind. About PureDepth PureDepth (www.puredepth.com) is an innovative technology company transforming the visual display experience by delivering award-winning MLD technology. Backed by 45 approved patents, this breakthrough in visualization is the first display technology that provides actual depth. The Company has, among others, a manufacturing license agreement with DRS Technologies (NYSE NYSE See: New York Stock Exchange : DRS DRS Drives (street suffix) DRS Dispute Resolution Service DRS Doctorandus DRS Department of Rehabilitative Services DRS Direct Registration System (securities) DRS Department of Rehabilitation Services ), and a sales, marketing and distribution license agreement with Sanyo Corporation (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 : SANYY) in Japan, a worldwide licensing agreement with International Game Technology (NYSE: IGT IGT impaired glucose tolerance. ) and business in medical, financial and consumer markets. Founded in 1999, the Company 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 an engineering center located in New Zealand. Forward-Looking Statements This press release contains certain statements that are "forward-looking statements" and includes, among other things, discussions and disclosures of the Company's expectations for the use of its technology in mobile devices and televisions and the likelihood of the Company's continued growth and the ability of the Company's products to become widely accepted by the marketplace. Words such as, but not limited to, "may," "likely," "anticipate," "expect" and "believes" indicate forward-looking statements. Although PureDepth believes that the expectations reflected in these forward-looking statements are generally reasonable, it can give no assurance that such expectations will ultimately prove to be correct or materialize. All phases of PureDepth's business and operations are subject to a number of uncertainties, risks and other influences, most of which are outside its control, and any one or combination of which could materially and adversely affect the results of the Company's operations, and whether any forward-looking statements contained herein ultimately prove to be accurate. Information regarding such risks and uncertainties can be found in the Company's most recently filed annual report on 10-KSB and other filings that have been made with the SEC. PureDepth and MLD are trademarks of PureDepth, Inc. All other trademarks and registered trademarks are the property of their respective owners, without intent to infringe. |
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