Viseon Announces New Board Members.Business Editors & High-Tech Writers DALLAS--(BUSINESS WIRE)--Oct. 18, 2001 Viseon, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :VSNI) a manufacturer and reseller of corporate video conferencing technology today announced that it has elected three new members to its Board of Directors. "We are pleased that these three gentlemen of extraordinary experience have chosen to serve on the Viseon Board of Directors. Their years of experience in multiple industries will significantly benefit Viseon as we continue our rapid growth," said John Harris, Viseon 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. . The new directors are: Brian R. Day, 38, has been the Chief Financial Officer of Octave Communications, Inc. since 1999. Octave, based in Nashua, New Hampshire Nashua is a city in Hillsborough County, New Hampshire, USA. As of the 2000 census, Nashua had a total population of 86,605[1], making it the second largest city in the state after Manchester. As of 2005, the population is estimated to be 87,986. is a leading developer of multi-point control units for use in audio, data and web conferencing over both circuit switched and IP networks. Mr. Day previously served as CFO See Chief Financial Officer. of Span Instruments, Inc. where he was responsible for the company's sale to Millipore Corp. W.R. Howell, 65, is Chairman Emeritus of J.C.Penney where he served as Chairman and Chief Executive Officer from 1983 to 1997. Mr. Howell serves on the Board's of Directors of American Electric Power American Electric Power (NYSE: AEP) is a major investor-owner electric utility in various parts of the United States. It is headquartered in Columbus, Ohio. It serves parts of 11 states, and is currently the largest electricity generating utility in the United States. , ExxonMobil, Halliburton, Pfizer and Williams Companies. Mr. Howell is also on the Board of Directors of Bankers Trust New York Corp. and Bankers Trust Company, wholly owned subsidiaries of Deutsche Bank. Charles A. Rey, 54, has been the Chief Executive Officer of Heartland Direct Group, a direct marketing company, since 1975. Mr. Rey is also Chairman of the Board of POPS Direct.com, Inc. a profitable business to consumer internet marketing company. All three directors have agreed to serve for a term of three years. Viseon also announced that Byron G. Shaffer had resigned from the Board. "We appreciate all that Byron has done for Viseon in his two terms on the Board of Directors and know that he will keenly watch our success as one of the company's largest shareholders," stated Harris. About Viseon, Inc. Viseon designs, manufactures and distributes a family of high performance, affordable video conferencing equipment. The Company's lightweight and portable MediaPro 384(R) video conferencing products offer life-like quality video and enhanced audio along with full interoperability between all popular brand H.320 standards-based video conferencing systems. The company also offers the full line of Sony (Nasdaq:SNE) E-Conference products and Polycom (Nasdaq:PLCM PLCM Product Life-Cycle Management PLCM public long code mask PLCM Public Land Code Mask ) audio, video and network products. Viseon recently launched its own line of peripherals with the acquisition of the Automatic Line Routing Switch (ALRS ALRS Admiralty List of Radio Signals ALRS Alerting Service (aviation) ALRS Apache Leap Research Site ALRS Alternate Launch & Recovery Surface ALRS Automated Logistics Retrieval System ALRS Automatic Line Router Switch ) technology. The ALRS allows a video conferencing user to move a video conferencing system from room to room without requiring duplicate network or manual re-routing of network connections. The ALRS acts as an electronic patch panel A group of sockets used to connect incoming and outgoing lines in communications and electronic systems. Patch panels allow for manually wiring the connections with small cables (patch cords), rather than automatic switching. , which will automatically re-route ISDN ISDN in full Integrated Services Digital Network Digital telecommunications network that operates over standard copper telephone wires or other media. (BRI/PRI), IP, and POTS network connections to the new pre-wired location of a video conferencing system. Viseon currently holds the U.S. patents for video conferencing technology No.5,802,281 and No.6,073,192. FORWARD-LOOKING INFORMATION Information in this news release includes forward-looking statements made pursuant to the safe harbor 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. All such forward-looking statements involve risks and uncertainties including, without limitation, adverse business or market conditions, the ability of Viseon to secure and satisfy customers, the availability and cost of materials from Viseon's suppliers, adverse competitive developments, change in or cancellation of customer requirements, and other risks detailed from time to time in Viseon's SEC filings. For more information on Viseon, Inc. visit www.viseonvideo.com. |
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