SALT LAKE CITY, March 7, 2013 (GLOBE NEWSWIRE) -- Lyfe Communications, Inc. (OTCBB:LYFE) ("Lyfe" or the "Company"), a technology leader in the development of next generation media and communication services integrating TV, high-speed Internet and enhanced voice services through a single broadband connection across all connected devices, today announced that it has engaged cable TV and communications technology veteran Bob Toombs to head up its MDU (Multiple Dwelling Unit) business, focusing primarily on management and sales. He joined the Company effective January 2013.
Mr. Toombs brings over 40 years of sales and general management leadership in the field of cable TV and computer communications technology to Lyfe's management team. Prior to joining in 2013, Bob served as SVP Business Development for Ygnition Networks, one of the fastest growing Private Cable Operators dedicated exclusively to the multi-family industry, where he was responsible for managing the Texas market until its recent sale to Access Media 3. Previous to his position with Ygnition, he was a member of the management team of DirecPath, a company that acquired and integrated 5 private cable operators serving major markets throughout the southeastern and southwestern United States. Bob also founded, owned and operated Networks, Inc., a data communications systems integration firm for 17 years. He began his career with RCA, Burroughs and Milgo Electronics.
Mr. Toombs commented, "Having seen a lot of changes and trends occur within the industry throughout my career, I find Lyfe's innovation in technology and far-reaching capabilities outstanding. Their ability to get next generation media and communication services into the hands of underserved MDU markets is very exciting. I'm excited to be working with their strong management team and facilitating the expansion of their MDU customer base."
"Our MDU business is growing and with plenty of unmet demand already identified, we anticipate this trend to continue," stated Greg Smith, Chief Executive Officer of Lyfe Communications. "In preparation for impending growth, we have brought on Bob to head up our sales and operations efforts in this sector. Highly experienced, we expect that with his skill we will be better able to meet this demand and further grow our geographical presence into other markets yet to be targeted. We are pleased to have him on board and look forward to his contributions in the time ahead."
About Lyfe Communications
Lyfe Communications, Inc. (OTCBB:LYFE), based in Salt Lake City, UT, is a leading technology company that develops, deploys and operates a proprietary converged network services platform delivering next generation media and communications services to subscribers, through a single broadband connection, across various connected home and portable devices. The Company's patent-pending innovations transform traditional digital television into a highly flexible IP (Internet Protocol)-based network service, offering subscribers powerful new features such as the delivery of standard definition TV, HDTV and Video-on-Demand across virtually any IP network to any connected device through a single, integrated service. Utilizing existing networks and patent-pending technology, Lyfe can achieve reduced operating costs and capex requirements, while providing customers with superior speed and connectivity at lower price points. The Company's services are available to multi-family residential communities through its subsidiary Connected Lyfe.
For more information, please visit www.connectedlyfe.com.
This press release may contain forward-looking statements including the Company's beliefs about its business prospects and future results of operations. These statements involve risks and uncertainties. Among the important additional factors that could cause actual results to differ materially from those forward-looking statements are risks associated with the overall economic environment, changes in anticipated earnings of the company and other factors detailed in the company's filings with the SEC. In addition, the factors underlying Company forecasts are dynamic and subject to change and therefore those forecasts speak only as of the date they are given. The Company does not undertake to update them; however, it may choose from time to time to update them and if it should do so, it will disseminate the updates to the investing public.
Lyfe Communications, Inc. Garrett R. Daw Tel: 1-801-597-5161 American Capital Ventures Howard Gostfrand, President Tel: 305.918.7000