Feb 05, 2004
Insignia Strengthens Executive Team with the Appointment of Robert Collins as Chief Financial Officer; Mark Stevenson Promoted to Vice President Worldwide Sales
FREMONT, Calif.--(BUSINESS WIRE)--Feb. 3, 2004--Insignia Solutions(R) (Nasdaq:INSG), today announced it has strengthened its executive team with the appointment of Robert Collins to chief financial officer and the promotion of Mark Stevenson to vice president of worldwide sales from senior director of americas sales. Robert Collins brings over twenty-five years of executive financial management experience to Insignia. Linda Potts, who was serving as chief financial officer, will remain with the Company as controller.
"Both Bob and Mark bring extensive executive financial, sales, and operational experience that will be valuable as we expand Insignia's product and partnering opportunities," said Mark McMillan, CEO of Insignia Solutions. "We are proud of our team's commitment to growing the business and are very pleased to further strengthen the Company's leadership."
Mr. Collins has several decades of finance experience with a background in telecommunications, semiconductors and health care. He served as Chief Financial Officer for both public and private companies including Zilog, P-Com, Netgear and Array Networks, and previously, he held several senior management positions at other growth companies. Mr. Collins received his B.S. from Adelphi University and an MBA in finance from California State University at Hayward.
Mark Stevenson has been promoted to vice president of worldwide sales, bringing over eighteen years of experience at Motorola as senior director of US sales operations, where he managed teams responsible for sales in excess of $2 billion per annum. During his twenty-two years in the industry, Mr. Stevenson developed close relationships with key executives and with most major North American wireless operators.
About Insignia Solutions
Insignia provides an essential ingredient to mobile operators and terminal manufacturers by enabling Over-The-Air Repair and Dynamic Capabilities to a growing complex and diverse community of mobile devices. Insignia's products and services radically reduce customer care and recall costs, maintain device integrity, and enable a wide range of new mobile services. Founded in 1986, Insignia has a long history of innovation, stewardship of major industry standards, and the trust of dozens of manufacturers around the world. Insignia Solutions is traded on NASDAQ under the symbol INSG. The company is headquartered in Fremont, California with R&D and European operations based in the United Kingdom. For additional information about Insignia or its products please visit http://www.insignia.com.
Insignia, Insignia Solutions, and the Insignia Solutions logo are registered trademarks and Secure System Provisioning, Dynamic Capabilities and Over-The-Air Repair are trademarks of Insignia Solutions, Inc. All other trademarks are the property of their respective holders.
Forward-Looking Statements
The statements in this press release relating to matters that are not historical are forward-looking statements that involve risks and uncertainties. This release includes forward-looking statements that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those referred to in the forward-looking statements. Such factors include, but are not limited to, Insignia's need for additional capital to sustain operations, Insignia's reliance on the successful introduction of its Secure System Provisioning ("SSP") product line, Insignia's need to generate significantly greater revenue to achieve profitability and Insignia's liquidity and capital needs. Further details on these and other risks are set forth in Insignia Solutions' filings with the Securities and Exchange Commission, including its most recent filings on Forms 10-K and 10-Q. These filings are available on a website maintained by the Securities and Exchange Commission at http://www.sec.gov. Insignia Solutions does not undertake an obligation to update forward-looking or other statements in this release.
Contacts
Insignia Solutions
Patti Gatto, 510-360-3700
patti.gatto@insignia.com
or
Financial Dynamics
Teresa Thuruthiyil, 415-439-4500
insignia@fd-us.com.com
