NEW YORK, May 2, 2008 (PRIME NEWSWIRE) -- Psyop, Inc. and Psyop Services, LLC (collectively "Psyop") today announced the appointment of Thomas Boyle as Chief Financial Officer, effective April 24, 2008.
Prior to joining Psyop, Mr. Boyle most recently served as Vice President of Finance and Corporate Controller for MDC Partners, Inc., a publicly traded marketing communications company, primarily servicing the United States, Canada, Europe, Jamaica, Philippines, and Mexico. Prior thereto, he served as Senior Director of Corporate Finance at Symbol Technologies, Inc., a manufacturer and worldwide supplier of mobile data capture and delivery equipment. Before joining Symbol Technologies, Mr. Boyle was an Assistant Corporate Controller at Moody's Corporation, a publicly traded company providing credit ratings and related research, data, and analytical tools principally in the United States and Europe. He also served as Corporate Controller and Chief Accounting Officer at DoubleClick, Inc., a company that develops and provides Internet technology for advertising agencies, marketers and publishers who service customers including: Microsoft, General Motors, Coca-Cola, Motorola, L'Oreal, Visa USA, and Nike. During Mr. Boyle's tenure, MDC Partners, Inc., Moody's Corporation and Symbol Technologies, Inc. grew to over $500 million, $1 billion and $1.5 billion in revenues, respectively. Mr. Boyle holds a Bachelor of Science degree in Accounting from Villanova University and is a Certified Public Accountant.
"I am thrilled to welcome a highly seasoned and accomplished executive of Tom's caliber to Psyop's management team," stated Justin Booth-Clibborn, Chief Executive Officer of Psyop. "His extensive experience in financial reporting and controls, capital raising and strategic planning, combined with his profound understanding of the advertising market and our business model, makes him the ideal candidate for this role."
Stated Mr. Boyle, "Psyop's level of mastery in the areas of design and animation based content position them as a clear leader in the advertising and marketing industry. I look forward to utilizing my financial and operational experience to more effectively enable Psyop to achieve their long-term growth objectives, while guiding the company towards their main goal of increasing profitability and shareholder value."
ABOUT PSYOP, INC.
Headquartered in New York City, Psyop, Inc. is an award-winning provider of design based 3D animation, innovative visual effects and digital content for the advertising market. The company produces creative advertisements on behalf of premier brands in a variety of industries, including: food and beverage, sports, automotive, retail and financial services. In addition to its creative production for television advertising, Psyop has recently expanded into producing content for other, growing forms of electronic marketing including short themed branded films, ads shown in movie theaters, in-store and site specific presentations and the Internet. For more information, please visit www.psyop.tv.
On January 15, 2008, Psyop announced that it has signed a definitive agreement pursuant to which the Company will consummate a business combination with Fortissimo Acquisition Corp. (OTCBB:FSMO), a special purpose acquisition company. Additional information on the transaction can be found in the 8-K filed with the SEC on January 15, 2008 and in other filings made by Fortissimo Acquisition Corp. with the SEC since that date. You may obtain a copy of these documents, without charge, at the SEC's Internet site at http://www.sec.gov.
FORWARD LOOKING STATEMENTS
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Fortissimo, Psyop and their combined business after completion of the proposed acquisition.
Forward-looking statements are statements that are not historical facts. Such forward-looking statements, based upon the current beliefs and expectations of Fortissimo's and Psyop's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. Several factors could cause actual results to differ from those set forth in the forward-looking statements including the risks detailed in Fortissimo's filing with the Securities and Exchange Commission, including its reports on Form 10-QSB and Form 10-KSB. The information set forth herein should be read in light of such risks.