DivX Announces Departure of SVP of Sales and Marketing
April 02 2008 - 8:30AM
Business Wire
DivX, Inc. (NASDAQ:DIVX), a digital media company, today announced
that Pamela Johnston, Senior Vice President for Sales and
Marketing, will be leaving the Company effective June 30, 2008 to
pursue other opportunities. �Since joining DivX in May of last
year, Pam has led our worldwide sales and marketing efforts and has
made a valuable contribution to the growth of the Company,� said
Kevin Hell, Chief Executive Officer for DivX. �Pam is highly
regarded and we wish her well in her future endeavors.� No
replacement for Ms. Johnston has been named at this time. As the
Company works to finalize its recruiting process, Kevin Hell will
lead DivX�s global sales and marketing activities. About DivX, Inc.
DivX, Inc. is a digital media company that enables consumers to
enjoy a high-quality video experience across any kind of device.
DivX creates, distributes and licenses digital video technologies
that span the �three screens� comprising today�s consumer media
environment�the PC, the television and mobile devices. Over 100
million DivX Certified devices have shipped into the market from
leading consumer electronics manufacturers. DivX also offers
content providers and publishers a complete solution for the
distribution of secure, high-quality digital video content. Driven
by a globally recognized brand and a passionate community of
hundreds of millions of consumers, DivX is simplifying the video
experience to enable the digital home. Forward-Looking Statements
Statements in this press release that are not strictly historical
in nature constitute "forward-looking statements." Such statements
include, but are not limited to, statements regarding DivX's future
sales and marketing activities. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause DivX's actual results to be materially different
from historical results or from any results expressed or implied by
such forward-looking statements. These factors include, but are not
limited to: the risk that customer use of DivX technology may not
grow as anticipated; the risk that anticipated market opportunities
may not materialize at expected levels, or at all; the risk that
the Company�s activities may not result in the growth of profitable
revenue; risks and uncertainties related to the maintenance and
strength of the DivX brand; risks associated with DivX's ability to
penetrate existing and new markets; risks regarding the effects of
competition; DivX's dependence on its licensees and partners; the
effect of intellectual property rights claims; and other factors
discussed in the "Risk Factors" section of DivX's annual report on
Form 10-K filed with the SEC on March 17, 2008. All forward-looking
statements are qualified in their entirety by this cautionary
statement. DivX is providing this information as of the date of
this release and does not undertake any obligation to update any
forward-looking statements contained in this release as a result of
new information, future events or otherwise.
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