SCOTTSDALE, Ariz., March 28, 2006 (PRIMEZONE) -- Zig Ziegler, Founder, CEO and President of Motion DNA Corporation (Pink Sheets:MTDX), announced today that he intends to step down. "As I have always promised to do whatever possible to enhance shareholder value of our Company's stock, I have decided to relegate myself the role of Director of Marketing and Technical Development and allow for the infusion of a powerful slate of officers and directors to continue to guide our Company thru the everyday operations and dealing with non-core corporate activities," stated Ziegler.
As for the company's plans to become a fully reporting company, Ziegler had this to say. "As a fully reporting company, we believe it is important for Motion DNA to provide shareholders with the best possible management team. We are poised for explosive growth in 2006 and the right team will be able to lead Motion DNA during this transition."
When asked how this major realignment could be seamlessly accomplished, Ziegler continued: "Over the past three months, I have met with upper echelon management of more than a dozen major public companies all around the Country in the sports-related venues, such as, food, drink, clothing, footwear, TV, not to mention professional athletic leagues and individual tams. A straight out merger would not be out of the question, but we are not at liberty to name names at this time."
It should be noted that Jamir Miller, former professional football player and managing partner of Formula 51-2 LLC, made an unsuccessful $56 million bid to acquire all of the non-management issued and outstanding shares of common stock at an adjusted price of $1.5625 per share just over 10 months ago.
Ziegler will continue to host Motion DNA radio and television shows, in addition to hosting sales presentations for the company's products and services nationwide.
In other company news, Motion DNA expects to announce several new products and applications for its technology in the coming weeks including products applications for the multi-billion dollar retail market.
About Motion DNA Corporation
Based in Scottsdale, Ariz., Motion DNA has developed state-of-art products and services that incorporate advanced 3-D motion-capture technology, which provides diagnostic testing for individual athletes, medical professionals and sports organizations. Motion DNA's biomechanical analyses provides customers with solutions for preventing injuries and improving physical performance levels. These types of analyses are designed to identify physical limitations related to strength, mobility, coordination and technique. The athlete, sports coach, athletic trainer, strength and conditioning coach and other medical professionals are encouraged to work together to make improvements specific to the affected area.
The Motion DNA Corporation logo is available at: http://www.primezone.com/newsroom/prs/?pkgid=2484
Forward-Looking Statements:
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.