InterCore Realigns Management Positions
December 31 2013 - 12:28PM
Marketwired
InterCore Realigns Management Positions
Positioning for Growth and Future Opportunities
MAHWAH, NJ--(Marketwired - Dec 31, 2013) - InterCore, Inc.
(OTCQB: ICORD) announced that it has realigned management positions
to better reflect the needs of the business as it moves
forward.
James F. Groelinger, the company's President and Chief Executive
Officer prior to the acquisition of SRG, Inc. in January 2013, has
been reappointed to those positions effective January 1, 2014.
Simultaneously, Claude Brun has resigned those positions to become
President and Chief Executive Officer of SRG, Inc., InterCore's
wholly-owned subsidiary that is advancing the commercialization of
the ADS™ System.
"I'm pleased to return to the helm of InterCore at this time,"
said Mr. Groelinger. "With the rapid progress being made on the
ADS™ System and related commercialization activities, it is
appropriate to enable Claude to focus his full attention on those
matters. I look forward to leading the company as we capitalize
upon the unmatched strengths of the ADS™ System and take advantage
of numerous commercial opportunities."
The ADS™ (Alertness Detection Software) System, designed around
proprietary alertness detection technologies, alerts operators to
their work activity capability based on real time monitoring of
their state of alertness. The ADS™ System methodology employs a
unique approach for assessing sleepiness and low alertness levels
via the observed behavior of operators in real work conditions.
Currently, the ADS™ System is being deployed in the commercial
trucking industry in Canada, where more than 1,500 drivers are
involved in an initial real-life demonstration program. This is
expected to expand rapidly during the first quarter of 2014.
Messrs. Groelinger and Brun will maintain their current
positions as directors of ICOR. Other members of the five-member
board continue to be Messrs. Harry Pond and Frederick Voight, along
with Ms. Danielle Beauchamp. Mr. Frederick Larcombe will continue
in his position as ICOR's Chief Financial Officer and assume the
additional role of corporate Secretary.
About InterCore,
Inc.
InterCore, Inc. (OTCQB: ICORD), is a public company that is
focused on development and marketing of the ADS™ Software and
related products. See srgint.com; InterCore's website will be
available shortly.
Forward-Looking
Statements
This news release contains certain "forward-looking statements."
Forward-looking statements are based on current expectations and
assumptions and are inherently subject to risks and uncertainties,
some of which cannot be predicted or quantified, and many of which
are beyond the Company's control. The forward-looking statements
are also identified through the use of words "believe," "enable,"
"may," "will," "could," "intends," "estimates," "anticipates,"
"plans," "predicts," "probable," "potential," "possible," "should,"
"continue," and other words of similar meaning. Actual results
could differ materially from these forward-looking statements as a
result of a number of risk factors detailed in the Company's
periodic reports filed with the U.S. Securities and Exchange
Commission via the Edgar system. Given these risks and
uncertainties, investors are cautioned not to place undue reliance
on such forward-looking statements and no assurances can be given
that such statements will be achieved.
Contact: James F. Groelinger 1-201-512-8732
jgroelinger@icorinc.com www.srgint.com