Message #82 From:
NewsBot Date: December 12, 2006 07:04:00 AM
NEOM News NeoMedia Announces Resignation of President and CEO
FORT MYERS, Fla.--(BUSINESS WIRE)--NeoMedia Technologies, Inc. (OTC BB: NEOM), a leader in
market-driven technologies, today announced the resignation of Charles
T. Jensen as president, CEO and a member of the Board, and that Charles
W. Fritz, NeoMedia’s founder, chairman and
visionary, has assumed the role of interim CEO.
In step with its revised mobile marketing strategy of targeting
corporate resources on the continued enhancement and ongoing marketing
and launch of its patented qode®suite
of cell phone-based direct-to-mobile-web products, NeoMedia also
announced a series of cost-cutting measures, including across-the-board
salary reductions for the company’s
senior-level executives.
Mr. Jensen, 63, joined NeoMedia at its inception in 1995 as CFO, and was
named president, COO and interim CEO in June 2002, succeeding Mr. Fritz,
50. In September 2004, he was named CEO.
“No one worked harder or longer on behalf of
NeoMedia than Chuck Jensen,” Mr. Fritz said. “Under
his leadership, NeoMedia made its entrance into the mobile industry and
expanded international marketing and sales efforts. Personally and
professional, we extend our best wishes to Chuck.”
Mr. Fritz said that NeoMedia is continuing to move forward with its
revised strategy, including the recent divestitures of subsidiaries
Mobot and Sponge, along with the sale of its micro paint business unit.
NeoMedia Technologies, Inc. (www.neom.com),
is a diversified global company offering leading edge, technologically
advanced products and solutions for companies and consumers, built upon
its solid family of patented products and processes, and management
experience and expertise. Its NeoMedia Mobile group of companies offers
end-to-end mobile enterprise and mobile marketing solutions through its
flagship qode direct-to-mobile-web technology and ground-breaking
products and services from four of the leading mobile marketing
providers in the U.S. and Europe. By linking consumers and companies to
the interactive electronic world, NeoMedia delivers one-to-one,
permission-based, personalized and profiled dialogue -- anytime and
anywhere.
NeoMedia’s patented qode (www.qode.com)
suite is an easy-to-use set of applications, including qode®reader
and qode®window, which provide One
Click to Content™ connectivity for products,
print, packaging and other physical objects to link directly to specific
desired content on the Mobile Internet. qode®reader
works with camera phones, letting users “click”
on two-dimensional “smart codes”
to access the Mobile Web site to which the code is linked, while qode®window
lets users reach the same destination by entering a key word, slogan, or
product barcode number.
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. With the exception of historical
information contained herein, the matters discussed in this press
release involve risk and uncertainties. Actual results could differ
materially from those expressed in any forward-looking statement.
qode is a registered trademark, and qode®reader,
qode®window and One Click to Content are
trademarks of NeoMedia Technologies, Inc.Other trademarks are
properties of their respective owners.
