IMSI(R) Appoints New Chief Financial Officer
June 15 2005 - 1:11PM
PR Newswire (US)
IMSI(R) Appoints New Chief Financial Officer NOVATO, Calif., June
15 /PRNewswire-FirstCall/ -- IMSI(R) (OTC:IMSI) (BULLETIN BOARD:
IMSI) , a leading developer and publisher of consumer, business and
precision design software solutions, today announced that Robert
O'Callahan has been appointed Chief Financial Officer effective
July 1, 2005. O'Callahan, an attorney and certified public
accountant as well as the former CFO of Salon Media Group, Inc
(operator of Salon.com and other related media websites), brings
over 25 years of experience in transaction analysis, accounting,
financial support and operations to IMSI. "We are excited to
welcome Bob to IMSI," said Gordon Landies, President of IMSI. "Bob
brings considerable financial management experience at the
executive level in the on-line and software industries to our team.
Additionally, Bob's recent experience as a Sarbanes-Oxley
consultant will strengthen our focus on financial and operational
processes and assist us in preparing the Company to comply with the
act as efficiently and economically as possible next year." For the
last two years, O'Callahan has been a financial consultant
providing executive level assistance to companies in the technology
arena in the area of financial planning, acquisitions, operations
and Sarbanes-Oxley compliance. Prior to that he was the CFO of
Salon Media Group, Inc., (SALN.OB) a publicly traded internet and
digital media supplier of news literature and commentary.
Additionally, O'Callahan had held a variety of senior level
financial positions at public and private companies prior to his
Salon Media experience as well as being an IT/business service
analyst for a leading regional investment banking firm. He holds a
J.D. from the University of Washington, an MBA from the Kellogg
Graduate School of Management at Northwestern University and
received his undergraduate degree from the University of Washington
and is a Certified Public Accountant. Mr. O'Callahan succeeds
William Bush who will resign as Chief Financial Officer effective
June 30, 2005 but will assist in the transition and other projects
after his resignation as an officer. "We appreciate Bill's efforts
over the last three years and wish him well", stated Martin Wade,
IMSI CEO. About IMSI Founded in 1982, IMSI has established a
tradition of providing the professional and home user with
innovative technology and easy-to-use, high-quality software
products at affordable prices. The company maintains two business
divisions. The Precision Design division, anchored by IMSI's
flagship product, TurboCAD(R) and the DesignCAD(TM) line, also
develops and markets other visual content and design software such
as FloorPlan(R) 3D and TurboCADCAM. The division also includes
several online properties focused on the sale of content and
services to the architectural, engineering and construction market
thru its stock house plans site at Houseplans.com and the online
CAD symbol sites, CADsymbols.com and CADsymbol.net. The Consumer
and Business Software Solutions division, which is anchored by
Allume Systems, Inc. (formerly Aladdin Systems, Inc.), provides
businesses and consumers with software solutions through its
popular products such as StuffIt(R), Internet Cleanup(TM), Spring
Cleaning(R), SpamCatcher(TM), Boost XP, OrgChart Professional (TM)
FormTool(TM), ResumeWriter(TM) and HiJaak(R). More information
about IMSI can be found at http://www.imsisoft.com/ and
http://www.allume.com/. Safe Harbor Statement This announcement
contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, Section 21E of the Securities
Exchange Act of 1934, and within the meaning of the Private
Securities Litigation Reform Act of 1995. Actual results could
differ materially from those projected in the forward-looking
statements as a result of various factors including the ability of
the company to successfully commercialize its new technologies as
well as risk factors set forth under "Factors Affecting Future
Operating Results" in the company's annual report on Form 10-KSB,
and as amended, for the year ended June 30, 2004, and such other
risks detailed from time to time in the company's reports filed
with the Securities and Exchange Commission. The company undertakes
no obligation to publicly release the result of any revisions to
these forward-looking statements, which may be made to reflect
events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events. DATASOURCE: IMSI CONTACT: Bill
Bush of International Microcomputer Software, Inc.,
+1-415-878-4039, or Web site: http://www.imsisoft.com/
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