CHICAGO--(BUSINESS WIRE)--Statmon Technologies Corp. (OTC:STCA), an emerging wireless and remote site infrastructure management solution provider focused on software solutions for broadcasters and telecom carriers worldwide, is pleased to announce the appointment of prominent broadcast and telecommunications industry leader Tom Mikkelsen as its new Director of Business Development, effective immediately.
“Tom brings a wealth of experience and technology leadership to Statmon at a time the Company is strategically poised for rapid growth in both its core broadcast business and also across the converging content and telecommunications infrastructure vertical markets,” commented Geoffrey Talbot, the CEO of Statmon Technologies. “Tom worked closely with Statmon when he was the Senior Director, Broadcast Operations at Qualcomm’s FLO TV.”
Mikkelsen’s comprehensive experience also includes senior operations, engineering and management positions with Encompass Digital Media, Inc., Network Captioning Services, Inc., Starz Encore Group LLC, AT&T Digital Media Centers / AT&T Broadband, and other television station groups. He is well known and highly respected throughout the broadcast and the emerging technologies space nationally and internationally. Mikkelsen is an active member and Fellow in the Society of Motion Picture and Television Engineers (SMPTE) and is also a member of The Institute of Electrical and Electronic Engineers (IEEE), the Society of Broadcast Engineers (SBE), the Society of Satellite Professionals (SSPI) and the Society of Cable Engineers (SCTE).
About Statmon Technologies Corp.
Statmon Technologies Corp. is a broadcast, telecom and wireless network infrastructure technology management and solution provider. Its proprietary control and monitoring software platform, AXESS®, and supporting integration products are deployed by both traditional and nontraditional broadcasters, mobile TV for telecom and cellular wireless service providers to optimize network performance and improve overall efficiency within their network infrastructures. The Company is headquartered in Bannockburn, IL, a Chicago northern suburb, and its shares are traded OTCQB board under the symbol “STCA.”
Additional information may be obtained by contacting the company direct or by visiting its website at http://www.statmon.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based largely on expectations or forecasts of future events, can be affected by inaccurate assumptions and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the Company’s control. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. A wide variety of factors could cause or contribute to such differences and could adversely impact revenues, margins, profitability, cash flows and capital needs. Such factors include, but are not limited to, (i) its ability to increase revenues and achieve profits and positive cash flow in fiscal 2011; (ii) its ability to maintain or expand distribution within existing and new channels of trade for its products; (iii) to replace its previous dependence on FLO TV for a substantial portion of its revenues; (iv) its ability to complete the placement of its offering of Tranch III Secured Convertible Debentures; (v) the holders of the convertible debentures decision to convert the debentures to common stock or demand payment and its need for additional capital and the uncertainty of obtaining it; (vi) the market acceptance for one or more of its new or existing products; (vii) whether it will be able to adapt its technology to new and different uses, including being able to introduce new products;(viii) competition from larger, more established companies with far greater economic and human resources; (ix) its ability to track and retain costumers and quality employees; (x) the effect of changes in economic conditions, including the impact of the current economic downturn; (xi) changes in government regulations, tax rates and similar matters; (xii) its ability to refinance or renegotiate promissory notes that have come due or are coming due; (xiii) the wide fluctuations in its quarterly operating results; (xiv) its failure to successfully implement new market verticals; and (xv) its ability to keep pace with rapidly changing technologies. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plans,” “projects,” “should” or other expressions that are predictions of or indicate future events or trends to be uncertain and forward-looking. The Company does not undertake to publicly update or revise forward-looking statements, whether as result of new information, future events or otherwise. For a more detailed description of these and other cautionary factors that may affect the Company’s future results, please refer to its Report on Form 10-K for its fiscal year ended March 31, 2010 and its Form 10-Q for the three months ended September 30, 2010, filed with the Securities and Exchange Commission.