TMMI Announces Appointment of New Chief Technology Officer and New Executive Team
Wilmington, Delaware - February 7, 2018 - TMM, Inc. (OTC PNK: TMMI) ("TMMI" or the "Company"). Web site: http://www.tmmi.us
TMMI has named Eric Hernes as its new Chief Technology Officer. Hernes, who recently joined the Company's Advisory Board, has accepted the position to lead TMMI's technology department driving the commercialization of its technology and new product development. The Company has completely re-organized its Executive ranks bringing in Hernes and a team of engineering and programming talent to achieve its objectives in the marketplace.
Hernes, is an engineer and business economist, inventor and product developer with over twenty years of experience in video technology. Notably Mr. Hernes' past achievements include extensive development for LodgeNet Entertainment Corporation in design for interactive on demand movie play back systems, and as the innovator of technology for the color blind to see detail in video otherwise invisible. Hernes is the founder of Audio Video Foundry, LLC and Q Inc.
In accepting the position, Hernes stated, "I am extremely enthused to lead TMMI's vision into market commercialization of its unique core technology coupled with its vision for new and exciting products. The Company has always been an innovator. I hope to continue that distinction. We have assembled a team of talent that is second to none. I look forward with confidence to working with their creativity to realize unique results. Our new initiatives are already underway and more will be announced in the coming months."
Adding to Hernes in the key position of Chief Technology Officer, the Company has named this slate of seasoned professionals to the executive team:
Michael Kozale, Chief Financial Officer. A Certified Public Accountant with more thirty years of experience, Mr. Kozale is the founder of Kozale & Staudenmayer, PC and a member of the American Institute of Certified Public Accountants.
Deborah Bello, Controller and Chief Administrative Manager. Ms. Bello is a professional in business support with versatility across numerous financial and business disciplines, with more than twenty years of experience.
Joseph Laxague, General Counsel. Mr. Laxague's practice focuses on securities and business law, including SEC reporting and compliance, public and private offerings, and mergers and acquisitions. He is a graduate of University of Notre Dame law school.
Cutler & Company CPA's. The firm has been retained as external auditor.
Paul Healy, TMMI President and CEO, made today's announcement stating, "Eric Hernes' expertise in video technology combined with his critical eye in creating viable commercial applications are at the forefront of our plans. In conjunction, we have appointed a dynamic leadership team encompassed by a core group of talent who bring experience, skills and dedication to this Company".
TMMI's legacy technology: TRUDEF™ Fractal Video codec and its high efficiency TRUDEF™ Player developed primarily for cinema quality 4K playing directly from physical media
TMMI patent pending suite: TRUPIX™, TRUSCALE™ and TRUZOOM™ - a patent pending, hardware accelerated, real time suite of video scaling solutions for the growing high resolution market.
TMMI Advisory Board
A membership comprised of experts in cinema, defense, sports, video games, communications, new market sectors, and finance:
Garrett Brown - Cinematographer, USPTO Inventors Hall of Fame, Oscar and Emmy award winning inventor of the Steadicam™, Skycam™, Swimcam™, and Divecam™.
Mung Chiang - PHD, EE Waterman winning Professor at Princeton University. Recipient of the Simon Guggenheim Fellowship in engineering, founder of Princeton's EDGE Lab - connecting network theory with real world applications, investigating global bandwidth issues.
Hal Lipman - Emmy award winner, former executive NFL firms.
Thomas Mackie - Lt. Col. USMC Reserve Pilot. Top Gun instructor. CEO of G-Force Leadership, market expert in digital cinema, cameras, sports and defense.
Ted Schilowitz - Co-founder of RED Digital Cinema, "cinemavangelist" to major Hollywood studio and cinema Technology Company.
Louis Siracusano - President Video Bank. A leading digital asset management film serving defense, pro sports, education, and science.
Charles Wright - Founder and President of Fall River Investments, author and investment advisor.
Inquiries should be directed to President and CEO, Paul Healy at: email@example.com 212-300-3537.
About TMM, Inc. TMM, Inc. (otc pnk:TMMI) is a technology company headquartered in Wilmington, Delaware, specializing in digital video compression, video scaling and image management. Founded in 1990, the company is dedicated to improving bandwidth utilization and video image quality. TMMI develops digital video compression and scaling technologies that provide end-to-end workflow and distribution solutions for digital cinema; streaming media; cable TV; sports; mobile; intelligence, surveillance and reconnaissance; defense; security; medical imaging; space exploration; video game applications; training and distance learning.
Safe Harbor Statement
The information in this release contains forward-looking statements which involve risks and uncertainties, including statements regarding the Company's capital needs, business strategy and expectations. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements, which may be identified by terminology such as "may," "should," "will," "expect," "plan," "intend," "anticipate," "believe," "estimate," "predict," "potential," "forecast," "project," or "continue," the negative of such terms or other comparable terminology. Readers should not rely on forward-looking statements as predictions of future events or results. Any or all of the Company's forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions, risks and uncertainties and other factors which could cause actual events or results to be materially different from those expressed or implied in the forward-looking statements. Factors may cause the Company's actual results to differ materially from any forward-looking statement. In addition, new factors emerge from time to time and it is not possible for the Company to predict all factors that may cause actual results to differ materially from those contained in any forward- looking statements. The Company disclaims any obligation to publicly update any forward-looking statements to reflect events or circumstances after the date of this document, except as required by applicable law.
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