Message #14 From:
Stock News Bot Date: August 31, 2005 03:00:00 AM
IOMG News I/OMagic Plans for International Expansion with New Appointment to Its Sales Team; Paula Lecossois to Lead International Growth Initiatives
IRVINE, Calif.--(BUSINESS WIRE)--Aug. 31, 2005--I/OMagic Corporation (OTCBB: IOMG), a provider of data storage products, announced today that it has expanded its sales team by appointing Paula Lecossois to lead the Company's International Sales and Marketing efforts. Lecossois will initially focus her efforts on further expanding I/OMagic's reach into Canada, as well as developing its presence in Latin America and Europe.
"Paula has the ability to speak four languages, is very familiar with the computer industry and has a proven track record as a sales person," said Tony Shahbaz, president and CEO of I/OMagic Corporation. "Her breadth of knowledge and sales acumen will jumpstart our expansion efforts beyond North America. We are looking forward to growing our business internationally."
Lecossois, who speaks French, Spanish, Portuguese and English, comes to I/OMagic having previously been responsible for international sales, marketing and business development in Latin America, Europe and Canada for I/O Interconnect/Media Gear in Santa Ana, California. She has also held a variety of sales and marketing positions internationally with InterMedia France in Paris, France, SAM Consulting Group in Basel, Switzerland, L'Oreal in Madrid, Spain and IBM in London, England.
Lecossois holds a Masters degree in Management and Business Administration from the ESCP-EAP European Graduate School of Management where she studied in London, Madrid and Paris, and a Bachelors degree from IUT-Techniques de Commercialisation in Montpellier, France.
About I/OMagic
I/OMagic is a leading provider of data storage products (such as CD-RW and DVD+/-RW drives, USB Portable Storage Devices and floppy drives, including its MediaStation, DataStation, and GigaBank(TM) products). The Company sells products under three brand names -- I/OMagic(R), Hi-Val(R) and Digital Research Technologies(R) -- through nationally-recognized computer, consumer electronics and office supply superstores and other retailers.
Forward-looking statements in this release with respect to the Company's sales strategies, international expansion, and growth initiatives are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties including, but not limited to, the Company's dependence on the PC and consumer electronics industries and on product lines based on new technologies; the international marketplace for data storage products; the Company's ability to attract and retain qualified personnel; the Company's ability to develop new products based on new or evolving technology and the market's acceptance of those products; manufacturing capacity, availability and reliability; competition and pricing pressures in the technology industry; general economic, foreign and business conditions; and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
