Industry Veteran Don Wallis to Focus on Key Growth Initiatives Such as Expansion into Digital Devices13 July 2005
I/OMagic Corporation (OTCBB:IOMG), a leading provider of data storage products, announced today that Don Wallis has joined the Company as its new Vice President of Marketing. Wallis, a computer industry veteran, will be responsible for the strategic planning and execution of the Company's future marketing and growth initiatives. His focus will be on growing the Company's current product lines, channel expansion programs, and the introduction of new product categories, drawing particularly on his expertise in the digital audio and video categories.
"We're pleased to have such an experienced and dynamic leader join our team," said Tony Shahbaz, president and CEO of I/OMagic. "Don's vast technical background in the digital arena will be a key growth component for the Company. His expertise in the channel, with the Company's current product line-up and his ability to bring in a new product assortment, will be pivotal to the overall growth of I/OMagic."
Wallis comes to I/OMagic with more than 23 years of personal computer (PC) and audio and video industry experience. Most recently, he was the Vice President of Sales for MediaGear in Santa Ana, Calif., where he was responsible for developing a full line of audio, video, and digital photography products for retail, distribution and TV shopping worldwide. His extensive resume also includes Vice President of Sales, and Director of Channel Development positions with companies such as Fullplay Media Systems, SRS Labs, Inc., Sys Technology, Inc. and Toshiba America, Inc., where he directed a variety of sales and marketing programs.
About I/OMagic
I/OMagic is a leading provider of data storage products (such as CD-RW and DVD+/-RW drives, USB Portable Storage Devices and floppy drives, including its MediaStation, DataStation, and GigaBank(TM) products). The Company sells products under three brand names -- I/OMagic(R), Hi-Val(R) and Digital Research Technologies(R) -- through nationally-recognized computer, consumer electronics and office supply superstores and other retailers.
Forward-looking statements in this release with respect to the Company's sales strategies and growth initiatives are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties including, but not limited to, the Company's dependence on the PC and consumer electronics industries and on product lines based on new technologies; the Company's ability to attract and retain qualified personnel; the Company's ability to develop new products based on new or evolving technology and the market's acceptance of those products; manufacturing capacity, availability and reliability; competition and pricing pressures in the technology industry; general economic and business conditions; and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
Source: BUSINESS WIRE
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