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3DIcon Corporation (Pink Sheets: TDCP), a development-stage communications technology company, announced today that its board of directors has elected Vivek Bhaman to serve as President and Chief Operating Officer, effective May 1. Martin Keating will continue as 3DIcon's Chairman and Chief Executive Officer.
"Vivek Bhaman will lead 3DIcon's expanding effort to develop and market genuine, 360-degree and full-color, three-dimensional communications," said Keating. "He brings over 15 years of global experience in introducing new technologies and products to the marketplace. Mr. Bhaman has held leadership positions in VeriFone, Hewlett-Packard, and with global media giants Omnicom Group and the Interpublic Group. For us, Vivek Bhaman is the right man at the right time."
Bhaman stated, "I am thrilled to be a part of a vision that could transform all communications and display technologies. The research conducted for 3DIcon by the University of Oklahoma has come a long way in translating imagination into reality. The researchers at OU continue to develop tremendous intellectual property, bringing together nanotechnology, electronics, optics, and photonics, and I intend to build 3DIcon into the leader of 3D imaging technology, with a portfolio of products, including real-time, full-motion multimedia applications."
"Vivek brings us a rich and diverse depth of technical experience," added Philip Suomu, 3DIcon's director of technology. "He possesses industry insights into software, cell phones, the Internet, and transaction processing, as well as advertising and consumer businesses, all of which we need to build a strong and successful organization and management team. His unique combination of media, technology, and marketing expertise, coupled with experience in the world's fastest growing markets, is a perfect match for 3DIcon and our future. We're glad he's on board."
About 3DIcon Corporation
3DIcon Corporation is a development-stage company whose mission is to create and market simple and portable full-color, 360-degree 3D technology. Through a sponsored research agreement with the University of Oklahoma ("OU"), 3DIcon owns the exclusive worldwide marketing rights to certain 3D intellectual properties developed or under development by OU. These technologies are designed to revolutionize or replace existing forms of electronic communications, including television, telephones, and personal computers.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION ACT OF 1995
With the exception of historical information, the matters discussed in this news release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of 3DIcon could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations, inability to hire and retain qualified personnel, and changes in the general economic climate. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by 3DIcon, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements.
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