Chyron Hires Ken Fitzpatrick As Vice President Of Marketing
Melville, NY - August 2008: Chyron (AMEX: CGS), the leading digital graphics solutions provider for On Air, Online, Out of Home and Mobile Applications, today announced that it has hired Ken F. Fitzpatrick as Vice President of Marketing. Ken will lead Chyron’s efforts to further expand its Online and OnAir graphics product lines and web-based content creation services. Ken will join Chyron effective August 11, 2008.
As a highly experienced senior marketing executive, Ken developed and managed marketing programs for several Fortune 500 companies. He was at Check Point Software where he directed all aspects of the corporate marketing function and introduced the Company’s flagship, UTM offerings. While at IBM he was part of the launch team for the AS/400 product line and established several business partner programs for the platform. As Chief Marketing Officer at Computer Associates, he was directly responsible for transforming the Company’s brand, identity and perception among all its key constituents.
Michael Wellesley-Wesley, Chyron President and CEO commented, “Chyron is enjoying a period of rapid growth and change that requires us to reposition our brand identity and define our relevance to exciting new markets. As we address these new opportunities we have come to recognize the vital importance of marketing to the continued rapid growth of Chyron in new market segments. Several months ago we decided to elevate the senior marketing position to VP level and initiated a search for a dedicated and experienced marketing executive. Ken has the vision, dynamism and knowledge to enhance and amplify Chyron’s existing marketing strategies. This is a very important hire for us and I am thrilled that Ken has decided to join Chyron at this pivotal moment in our development and look forward to him make a significant impact in the very near future.”
Ken’s background includes both public and private company sales and marketing experience. His experience including scaling up a startup business to $13 million in sales in less than 12 months as well as transforming marketing programs of established companies, helping them to become recognized as leaders in their market segments. He holds a Bachelor of Science Degree in political science from Iona College with post-graduate studies in marketing and computer science.
From time to time, including in this press release, the Company may publish forward-looking statements relating to such matters as anticipated financial performance, business prospects, technological developments, changes in the industry, new products, research and development activities and similar matters. The above statement regarding Chyron enjoying a period of rapid growth and change is such a forward-looking statement. The Private Securities Litgation Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company’s actual results to differ materially from the anticipated results or other expectations expressed in the Company’s forward-looking statements. The risks and uncertainties that may affect the operations, performance, development and results of the Company’s business include, without limitation, the following: product concentration in a mature market, use and improvement of the Internet, new technologies that could render certain Chyron products to be obsolete, a highly competitive environment, competitors with significantly greater financial resources, new product introductions by competitors, seasonality, fluctuations in quarterly operating results, ability to maintain adequate levels of working capital, and expansion into new markets.
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