ATLANTA, Nov. 7, 2005 (PRIMEZONE) -- Winston Johnson, Chairman and Chief Executive Officer of WinSonic Digital Media Group, Ltd. (Pink Sheets:WDMG) is pleased to announce the appointment of Eric D. Young as Chief Operating and Chief Financial Officer. Mr. Young worked closely with the company as a Senior Consultant and has played a key role in completing the annual audit and submission of the 10-KSB. "Eric Young's assistance during the audit process has been invaluable and places him in the unique position of having tremendous knowledge of the Company and its resources. With Eric, we have someone who can virtually eliminate the learning curve and provide a significant contribution immediately," said Mr. Johnson.
Eric D. Young, age 43, assumed the dual roles of Chief Operating Officer and Chief Financial Officer on November 5, 2005. Mr. Young has served as senior financial consultant to the Company for the past six months. In addition to performing financial consulting services to WinSonic, Mr. Young has provided services to companies such as ACE III Communications, Inc., and The Major Broadcasting Cable Network, Inc., among others. Mr. Young acted in various capacities in senior financial executive roles with Cox Enterprises, Inc. including the positions of Controller of Springfield Newspapers Inc. (1991), Assistant Controller of Dayton Newspapers, Inc. (1994), Controller of Cox Ohio Publications, Inc. (1996), and Controller of the Atlanta Journal & Constitution, (1997).
In addition to Mr. Young's professional career he has served many civic as well as charitable organizations such as current Treasurer of the Georgia State House of Representatives, District No. 64, Board of Directors of the American Red Cross, (Dayton, Ohio), Board of Directors of Northwest Georgia Girl Scouts, (Atlanta, Ga.).
"Eric Young's appointment to the Executive team at WinSonic marks a milestone in the growth of the company. Following Eric's appointment we anticipate announcing additional appointments to the executive team that consist of seasoned veterans who can aggressively advance the growth of WinSonic products and services," said Mr. Johnson, Chairman and CEO of WinSonic.
About WinSonic Digital Media Group, Ltd.
WinSonic Digital Media Group, Ltd. is a facilities-based media distribution solutions company with a distinctive video transport concept that enables users to view, interact, and listen to all types of audio, online video, and digital TV, in full-screen format, at high speeds, superb quality, and greatly reduced costs, while reducing the need for expensive high-speed connections.
Statements in this press release are certain statements which are not historical or current fact and constitute "forward-looking statements" within the meaning of such term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual financial or operating results of the company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Such forward-looking statements are based on our best estimates of future results, performance or achievements, based on current conditions and the most recent results of the company. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "may," "will,'' "potential,'' "opportunity,'' "believes,'' "belief,'' "expects,'' "intends,'' "estimates,'' "anticipates'' or "plans'' to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company's reports and registration statements filed with the Securities and Exchange Commission including, but not limited to, its report on form 10-KSB for December 31, 2004. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and there can be no assurance that the actual results anticipated by the company will be realized or, even if substantially realized, that they will have the expected consequences to or effects on the company or its business or operations.