OAKLAND, N.J., April 26 /PRNewswire-FirstCall/ -- Media Sciences
International, Inc. (Nasdaq: MSII) today announced the resignation
of Kevan Bloomgren from his position
as chief financial officer effective May 14,
2010. Mr. Bloomgren has accepted a position with a
larger public company.
(Logo:
http://www.newscom.com/cgi-bin/prnh/20020604/NYTU016LOGO)
The company indicated Bloomgren's resignation is unrelated to
the work performed and no issues have been raised regarding the
integrity of the company's financial statements.
Media Sciences' President and CEO Michael Levin commented "During Kevan's tenure
here, he has made immeasurable contributions to our company.
Kevan has put robust systems and processes in place to ensure
accurate and timely reporting, has increased the transparency of
our filings, and built a platform for growth. On behalf of
the management team and board of directors, we thank him for his
contribution."
The Company has initiated a search for a new chief financial
officer. In the interim, the Company's Controller,
Denise Hawkins, will assume the role
of principal accounting officer.
About the Company:
Media Sciences International, Inc. is the leading independent
manufacturer of new build solid ink and color toner cartridges for
office color printers. As the premium quality color toner and solid
ink alternative to the printer manufacturer's brand, Media
Sciences' 100% newly manufactured color toner and solid ink
products for use in Dell®, Konica Minolta®, OKI®, Ricoh®, Samsung®,
and Xerox® and many other color printers deliver significant
savings when compared to the printer manufacturers brand.
Brand names are used for descriptive purposes only and are the
property of their respective owners.
Forward Looking Statements
This press release contains certain forward-looking
statements about our goals and prospects within the meaning of the
Private Securities Litigation Reform Act. These statements are
based on management's current beliefs and expectations and are
subject to risks and uncertainties. Actual results may differ
materially from those included in these statements due to a variety
of factors, including those factors identified in our Annual Report
on Form 10-K for the year ended June 30,
2009, on file with the Securities and Exchange Commission.
Any forward-looking statements contained in this release speak only
as of the time made and we assume no duty to update them, whether
as a result of new information, unexpected events, future changes,
or otherwise.
For more information on the Company, its products, and its
programs, visit www.mediasciences.com, E-mail
info@mediasciences.com, or call 201.677.9311.
SOURCE Media Sciences International, Inc.