PlasmaTech Appoints Leading Canadian Merchandiser to Board of Directors
13 Enero 2010 - 2:07PM
Business Wire
PlasmaTech, Inc. (Pink Sheets: PMAH), a wireless technology
innovator providing solutions to the $120 billion global security
market, announced today the appointment of Steve Malizia as an
independent director on its Board. Malizia is owner and president
of Detail Merchandising, Inc. (DM) (Burlington, Ontario)
(www.dm-servicesinc.com), a master distributor of brand-name
electrical products to the construction industry.
Founded in 1997, DM provides in-store merchandising services on
behalf of major brands in some of the largest retail establishments
in Canada, including major home improvement centers. Concurrently,
Malizia is CEO of LCM Distribution Services Inc.
(www.lcm-servicesinc.com), which offers a broad range of
supply-chain management solutions, including value-added logistics,
outsourcing and technology applications backed by in-house
proprietary software. LCM operates a 30,000-square-foot, ISO 9001
certified facility for the assembly, packaging and kitting of
third-party products. LCM provides retail merchandising services
through its affiliate DM.
“In less than five years, Steve grew DM from a single-store
electronics product distributor to one that services major national
home improvement chains,” said PlasmaTech President Marvin
Williams. “As a technology visionary, Steve lends us additional
expertise in helping companies such as our reach their full sales
potential.”
“I am impressed by PlasmaTech's market intelligence in the area
of wireless technologies. The Company's first retail offering, the
2400CL keyless secured door lock, would be an ideal product
offering for the many home improvement stores in the DM
distribution channel. I look forward to helping PlasmaTech expand
its marketing of this commercial-grade consumer product, along with
other technology applications,” commented Steve Malizia.
About PlasmaTech, Inc.
PlasmaTech, Inc. is an innovator in the development, design,
manufacturing and worldwide marketing of secure wireless solutions
for consumer, industrial and government applications. PlasmaTech’s
platform technology provides military-grade encryption security for
the transmission of data, voice and video over wireless data
communication links, offering extreme distances that were
previously unachievable in the industry. Visit the Company’s
website at www.plasmatechwireless.com.
Statements in this press release may be “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. Words such as “anticipate,” “believe,”
“estimate,” “expect,” “intend” and similar expressions, as they
relate to the company or its management, identify forward-looking
statements. These statements are based on current expectations,
estimates and projections about the company’s business based, in
part, on assumptions made by management. These statements are not
guarantees of future performance and involve risks, uncertainties
and assumptions that are difficult to predict. Therefore, actual
outcomes and results may, and probably will, differ materially from
what is expressed or forecasted in such forward-looking statements
due to numerous factors, including those described above and those
risks discussed from time to time in PlasmaTech’s filings with the
Securities and Exchange Commission. In addition, such statements
could be affected by risks and uncertainties related to the ability
of PlasmaTech to pay its debts to RF Wireless in order to retain
title to PlasmaTech’s intellectual property, the ability of
PlasmaTech to effectively manage the intellectual property acquired
from RF Wireless and integrate it into the business of PlasmaTech,
product demand, market and customer acceptance, competition,
pricing and development difficulties, as well as general industry
and market conditions and growth rates and general economic
conditions. Any forward-looking statements speak only as of the
date on which they are made, and the company does not undertake any
obligation to update any forward-looking statement to reflect
events or circumstances after the date of this release. Information
on PlasmaTech’s website does not constitute a part of this
release.
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