ATLANTA, Sept. 18, 2006 (PRIMEZONE) -- VuBotics, Inc. (OTCBB:VBTC), developer of VuIT(tm), a proprietary software application that sequentially delivers text for online, small screen and broadcast applications, today announced that John Ellingson has been appointed to the newly-created position of chief strategy officer.
Mr. Ellingson, age 43, brings over 20 years of experience in strategic consulting, and previously served as an outside consultant for the company. Most recently, he served as U.S. national manager for the Global Technology, Media & Telecommunications Business Innovation Group at Deloitte. While at Deloitte, he advised numerous Fortune 500 and international companies on strategic investment, intellectual property protection, product development, and expansion into emerging markets. His client-base included companies such as The Coca-Cola Company, Bank of America, Lockheed-Martin, AT&T, Microsoft, Motorola, IBM/Lenovo, Johnson & Johnson, Hauwei, Qualcomm, SK Telecom, Motorola, and China Unicom. He also has held senior positions with WolfTech STT, Schindler A.G., and Westinghouse. Mr. Ellingson has an MBA in economics and finance from the Babcock School of Business at Wake Forest University, as well as BS and BA degrees in economics and marketing from Temple University. He is also an alumnus of the University of Southern California's Center for Telecom Management Advanced Management Training and Massachusetts Institute of Technology's Creating & Sustaining Innovative Organizations.
Philip Lundquist, chairman of VuBotics, stated, "John's contributions as a consultant to the company have been immeasurable, and this appointment as chief strategy officer will further enhance the senior management team. John brings an impressive track record at Deloitte, where he advised numerous companies on the deployment of new technologies and how to enhance their market penetration through channel partnerships and capturing innovation. John will be instrumental in driving our long-term growth as we work to identify new licensing partners, including content providers and device manufacturers, to rapidly attack the business and consumer markets throughout the world."
John Ellingson stated, "VuBotics' state-of-the-art technologies represent a major shift in the way text is delivered onto a display screen. I believe the launch of this new technology places it clearly in the product development path of most of the global content and technology companies that I have worked with. Having watched the dramatic progress VuBotics has made over the past few years, I look forward to now being part of this exceptional team and leveraging the strong industry relationships I have built over the past 20 years."
About VuBotics
VuBotics, Inc. is an emerging technology provider dedicated to improving the reading experience. Today, VuBotics has several patent pending software applications, including VuIT(tm) Online Reader and VuIT(tm) Mobile, which are available for content providers and content aggregators worldwide. The VuIT(tm) product family uses an advanced proprietary algorithm that dynamically delivers text sequentially onto a viewing screen, word-by-word, rather than as static text across a screen, as with a piece of paper. Other VuBotics products under development include online experience metrics, and relational search and intelligent agent technologies. Based in Atlanta, Georgia, VuBotics' strategy is to take advantage of the growing market for digital content through business relationships with global media and technology companies. For more information, visit: www.vubotics.com.
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Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of VuBotics officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future VuBotics actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and VuBotics has no specific intention to update these statements.