TORONTO, April 25, 2005 (PRIMEZONE) -- SBS Interactive, Co. (OTCBB:SBSS), developer of the duo (formerly Side-by-Side(tm)) reverse blue-screen technology, today announced that on April 18, 2005, Trent Walklett and Alexander von Mueffling joined its Board of Directors. Concurrent with the appointment of Mr. Walklett and Mr. von Mueffling, Sam Ash resigned as a member of the Board. Mr. Ash will continue to provide services to the Company as a consultant.
Mr. Walklett has been the Controller for All Risks Ltd. since 2004. From 2001 to 2003, Mr. Walklett was Vice-President of EYT, Inc. (formerly Ernst & Young Technologies). From 1998 to 2000, Mr. Walklett was Manager of Corporate Accounting for Marriott International, Inc. Prior to joining Marriott, Mr. Walklett held various financial auditing positions with KPMG, LLP. Mr. Walklett is a Certified Public Accountant. Mr. Walklett currently serves as a member of the Board of Directors and a member of the Audit Committee for Monarch Services, Inc. (MAHI:Nasdaq).
Mr. von Mueffling has 19 years of international corporate finance and investment banking experience. He began his career in 1986 with The Matuschka Group in Germany and left to join Nomura International Plc in the UK in 1989. He joined Charterhouse Bank in London in 1991 and founded PI Management Association in London in 1993, as an independent corporate finance firm. In addition, in 1997, he founded London-based Biometric Identification Limited, a biometric security equipment trading agency, and OEM licensing business. After selling the biometric business in 2002, he joined Bentley Associates L.P. in New York in 2002, as a Managing Director.
"I'm excited about the knowledge and experience that these two individuals will bring to the Company," said Todd Gotlieb, the President of the Company and a director. "Furthermore, by adding these individuals to our Board we are complying with best corporate governance procedures, since a majority of our directors are now independent of the Company."
The Company's duo technology uses a propriety, patented reverse "blue screen" technology to seamlessly combine virtually any kind of pre recorded or computer generated content with the users' environment. The environment integrates with the content via the fully automated digital camera in the duo set-top box. For optimal effect, this happens in real time.
All statements in this news release that are not statements of historical fact are forward-looking statements. These statements are based on expectations and assumptions as of the date of this press release and are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. The risks and uncertainties include whether or not the Company's product will perform as expected, whether or not the Company can raise capital when and as it needs it, the Company's ability to create a market for its product, general economic conditions that adversely effect spending, the development of competitive products that may perform better or be less costly than the Company's product, and other factors over which the Company has no control. SBS Interactive, Co. assumes no obligation to update these forward-looking statements, and does not intend to do so.