ISee3D Inc. Corporate Update
February 28 2011 - 11:22AM
Marketwired
ISee3D Inc. (the "Company" or "ISee3D") (TSX VENTURE: ICT) today
announced the resignation of Dwight Romanica as Director, President
and Chief Executive Officer of the Company. Mr. Romanica will
continue as a special consultant providing finance and capital
market advisory services.
In conjunction with Mr. Romanica's resignation, Tom Mitchell,
Chairman of the Board and CTO of ISee3D, has been named as CEO on
an interim basis. Mr. Mitchell is an original founder of the
Company, and has served as a board member since returning to the
Company in 2009.
"The company is very well positioned strategically," Mr.
Romanica said when asked how his departure would affect the
Company. "ISee3D has an extremely talented executive team, and
continues to represent the state of the art in 3D capture. I'm
extremely proud of how far the Company has come in the past several
years, and remain excited about the future of the Company."
"On behalf of the board, I want to thank Dwight for his vision
and leadership of ISee3D over the past 3 years," said Mr. Mitchell.
"Through his efforts, ISee3D has been able to transform its
intellectual property into working prototypes and developed several
new inventions that have been patented throughout the world. ISee3D
has positioned itself well for partnerships with many market
leading companies. Those successes have created a fantastic base
for us to grow in 2011 and beyond, as we work towards the
finalization of licensing and research partnerships that we have
been developing over the past year."
About ISee3D
ISee3D owns certain patented technology which provides for the
capture of stereoscopic (3D) images through a single lens. The
Company's technology has broad application in several markets
including the home entertainment industry, consumer electronics,
and imaging devices of all sorts including microscopes, endoscopes
as well as more sophisticated medical imaging systems.
Statements included in this announcement, including statements
concerning our plans, intentions and expectations, which are not
historical in nature are intended to be, and are hereby identified
as, "forward-looking statements" for purposes of the safe harbor
provided by Section 21E of the Securities Exchange Act of 1934, as
amended by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements may be identified by words including
"anticipates", "believes", "intends", "estimates", "expects" and
similar expressions. The company cautions readers that
forward-looking statements, including without limitation those
relating to the Company's future operations and business prospects,
are subject to certain risks and uncertainties that could cause
actual results to differ materially from those indicated in the
forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: ISee3D Inc. Tom Dalrymple Chief Operating Officer
416-848-6353 www.ISee3D.com
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