IMT CHAIRMAN STEPS DOWN
IMT CHAIRMAN STEPS DOWN SCOTTSDALE, Ariz., Jan. 20 /PRNewswire/ -- R. Glenn Williamson
announced his resignation from the board of directors of Interactive Media Technologies, Inc. (NASDAQ: IMTX) today. Williamson is a co- founder of the company and has been the principal visionary of its innovative product line. During the three years since the company's inception, he achieved the launch of the IMTX 8000(TM) Media Integrator, and a notice of allowance from the U.S. Patent and Trademark Office on its innovative technology.
"In the evolution of most companies there comes a time when the entrepreneur must allow the baby to breathe on its own," said Williamson. "I am passing the baton to the new wave of professional management." The company has recently undergone several changes in its senior management, with the board of directors naming Allan Ayars as president. "We will miss Glenn's high energy and relentless pursuit of the company's mission," said Ayars. Williamson will step down immediately from his position as chairman of the board, director and CEO. He will serve in a consulting capacity for the company to ensure a graceful and orderly transition to new management. The IMTX 8000, a U.S. designed multimedia integration system, is a combination hardware and software product which radically reduces the complexity and cost of choreographing and delivering audio and video for presentation, business and educational purposes. Interactive Media Technologies is a full spectrum communication company specializing in computer-controlled interactive video products, which includes proprietary hardware and software systems. -0- 1/20/92 /CONTACT: Arethea Erwin of Interactive Media Technologies, 602-443-3093/ (IMTX) CO: Interactive Media Technologies, Inc. ST: Arizona IN: CPR SU: PER FC-TS -- NY001 -- 1323 01/20/92 09:30 EST
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|Date:||Jan 20, 1992|
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