InPlay Technologies Appoints Steven Hanson CEO, Previous CEO and CFO Bob Brilon Resigns
July 02 2007 - 4:15PM
Business Wire
InPlay Technologies (NASDAQ: NPLA) announced today that Steven
Hanson, 59, has been named chief executive officer, succeeding Bob
Brilon who resigned as chief executive officer, chief financial
officer and director. William Rodes, 52, currently VP of Finance
and Administration, has been appointed acting CFO. �I believe in
the market opportunity for our technologies and look forward to
guiding the company through its next stage of growth,� said Hanson.
�We thank Bob for his efforts in building this company, from his
guidance in the company�s public offering in 1999 to his vision of
expanding our portfolio of innovative technologies.� Hanson has
served as a director since 2004 and has been chairman of the board
of directors since 2005. Hanson is a partner at Knowledge Capital
Alliance, a consulting firm in leadership development and
organizational performance, as well as a partner in Southwest Value
Acquisitions, a private equity firm. Hanson has over thirty-two
years of senior executive experience in the high-technology
industry. As president and chief executive officer of ON
Semiconductor, he led the company through a very rapid
transformation from a private entity to a public company, while
completing a major acquisition and reinventing itself to become one
of the global leaders in power management technologies. Hanson
began his career at Motorola, working his way through the
organization in a number of engineering, management and leadership
positions. Before leading the leveraged buyout of ON from Motorola,
he was senior vice president and general manager for the Standard
Components Group. Rodes joined InPlay in 2006. Previously, he was
chief financial officer for Gold Canyon Candle Co., where he
managed the finance and operations functions. Prior to that, Rodes
was chief financial and accounting officer for White Electronic
Designs (NASDAQ: WEDC), a manufacturer of memory components, liquid
crystal displays and interface devices for original equipment
manufacturers. About InPlay Technologies InPlay Technologies
develops, markets and licenses proprietary emerging technologies.
Working with its licensees and OEM customers, InPlay offers
technology solutions that enable innovative designs and improved
functionality for electronic products. The company's MagicPoint�
technology is the only digital-based pen-input solution for the
rapidly growing tablet PC and mobile computing markets. Its
Duraswitch� brand of electronic switch technologies couples the
friendly tactile feedback of mechanical pushbuttons and rotary
dials with the highly reliable, thin profile of membrane switches,
making it ideal in a wide range of commercial and industrial
applications. InPlay is focused on further commercializing these
technologies and seeking additional innovative technologies to
enhance its portfolio. Visit www.inplaytechnologies.com for more
information. This news release contains certain �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, as
amended. These forward-looking statements include statements
regarding our assessment of the market opportunities for our
technologies and our ability to grow the company. Risks and
uncertainties that could cause results to differ materially from
those projected include lack of market acceptance of our
technologies, inability to gain market share and other
uncertainties described from time to time in our documents filed
with the Securities and Exchange Commission, including our Annual
Report on Form 10-KSB for the year ended December 31, 2006 as filed
with the Securities and Exchange Commission on April 2, 2007. These
forward-looking statements represent our beliefs as of the date of
this press release and we disclaim any intent or obligation to
update these forward-looking statements.
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