Published:
George Q. Stevens Named to Ezenia Board of Directors
NASHUA, N.H. - (BUSINESS WIRE) - Ezenia! Inc. (OTCBB: EZEN.OB), a leading market provider of real-time
collaboration solutions for corporate and government networks and
eBusiness, announced that Mr. George Q. Stevens has been appointed by
the Board of Directors as a Class III Director and Chairman of the Audit
Committee, effective as of the Board of Directors meeting on June 17,
2009.
For over thirty-five years, Mr. Stevens has been extensively involved in
mergers and acquisitions and the turn-around of many businesses,
including start-ups. From 1971 to 1986, Mr. Stevens was with American
Standard and rose to the rank of President of one of their divisions,
with thirteen specialized manufacturing plants. When the division was
sold to facilitate the purchase of Trane in 1985, Mr. Stevens led the
acquisition of two plants, energized the operations, and sold them for a
substantial profit. In 1986, Mr. Stevens formed Stevens Information
Systems (SIS), which developed the technology used by major investment
houses to manage complex retirement plan assets of Fortune 500 companies
across the United States and Europe. In 2004, Mr. Stevens sold SIS and
remained as Chairman until early 2005.
In 2005, Mr. Stevens founded Stevens Resource Group (SRG), which
specializes in assessments and due diligence of large investment
opportunities for multiple investment banking houses, provides business
consulting for investment banking and private placement fields, and
maintains an extensive finder network throughout the United States,
Asia, Europe and the Middle East. Recently, Mr. Stevens served and has
served as Officer, Director and/or Advisor for various companies
including Nanonize Technologies, HotWeb, TeknoCreations, ICCW, Accesskey
IP, Adamas Equity Fund, Stealth Equity Fund, etc. Mr. Stevens has been a
guest lecturer for various corporations and universities with an
emphasis on the rigor of starting a company, finance and management, and
investment banking.
"As a member of Ezenia Board of Directors, George's rich background of
mergers and acquisitions and financial experience will be of great value
and insight as the company expands its business opportunities into new
areas with new partners," said Khoa Nguyen, Ezenia Chairman and Chief
Executive Officer. "I am excited about the prospect of George providing
Ezenia with the guidance, wisdom, active participation, quick reaction,
and decisiveness in assessing new ways and means to help the company
grow, organically or otherwise."
Further information about Ezenia! Inc., is available by visiting the
company website at www.ezenia.com.
About Ezenia! Inc.
Ezenia! Inc. (OTC Bulletin Board: EZEN.OB), founded in 1991, is a
leading provider of real-time communication, conferencing, and
collaboration solutions, bringing new and valuable levels of interaction
and information sharing to corporate, government and commercial
networks. By integrating voice, video and data collaboration, the
Company's award-winning products enable groups to interact through a
natural meeting experience regardless of geographic distance. Ezenia!
products allow dispersed groups to work together in real-time using
powerful capabilities such as instant messaging, white boarding, screen
sharing and text chat. The ability to discuss projects, share
information, and modify documents allows users to significantly improve
team communication and accelerate the decision-making process. More
information about Ezenia! Inc. and its product and service offerings can
be found at the Company's Web site, http://www.ezenia.com.
Note to Investors Regarding
Forward-Looking Statements
Statements included herein that are not historical facts may be
considered forward-looking statements. You can identify these
forward-looking statements by use of the words "expects," "anticipates,"
"estimates," "believes," "projects," "intends," "plans," "will," "may,"
and similar words. Such forward-looking statements, including statements
regarding our business and financial outlook, long-term strategy,
improvements in our infrastructure, and proposed earnings per share
growth targets, involve risks and uncertainties that could cause actual
operating results to differ materially from those indicated by such
forward-looking statements. These risks and uncertainties include the
considerations that are discussed in the Company's 2008 Annual Report on
Form 10-K as amended for the year ended December 31, 2008, such as its
dependence on the United States government as its largest customer,
adverse changes in available funding and discretionary spending within
the Department of Defense, its dependence on other major customers, the
evolution of Ezenia!'s market, rapid technological change and
competition within the collaborative software market, its reliance on
third-party technology, protection of its propriety technology,
acceptance of IWS in the commercial market, retention of key employees,
stock price volatility, customer acceptance of Version 3.0 of
InfoWorkSpace, its history of liquidity concerns and operating losses,
and other considerations that are discussed further in such report. You
should not place undue reliance upon any such forward-looking
statements, which speak only as of the date made. The Company disclaims
any obligation to update forward-looking statements after the date of
such statements.
Note:
Ezenia! is a registered trademark of Ezenia! Inc., and the Ezenia!
Logo and InfoWorkSpace are trademarks of Ezenia! Inc. Additional
information on Ezenia! and its products is available at our website http://www.ezenia.com.
Ezenia! Inc.
Kevin M. Hackett, 603-589-7600
Investor Relations
investorrelations@ezenia.com
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