XRAYMEDIA Moves Its Corporate Headquarters to Europe and Appoints New President & CEO
Hans Johannes Schulte to Grow XRAYMEDIA in New Directions
NEW YORK & ENSCHEDE, The Netherlands--(BUSINESS WIRE)--Nov. 14, 2005--XRAYMEDIA, Inc., (OTCBB:XRYM - News), an industry leader in real-time negotiating technology, announces that company founder, Raymond C. Dabney, has resigned from the posts of President & CEO. Effective immediately, the company has appointed Mr. Hans Johannes Schulte to replace Mr. Dabney as the Company's new President & CEO. Concurrently, XRAYMEDIA Inc will move its corporate head quarters in Enschede, The Netherlands, in Europe.
Mr. Schulte comes to XRAYMEDIA with extensive experience in developing and implementing corporate strategies along with broad experience in several industries in Europe and Asia such as Landmark Chemicals and other corporations in the petrochemical sector. Mr. Schulte was responsible for new market development, establishing links between OEM/chemical manufactures and end-user market, integration of marketing positions across business lines, strategic alliances, acquisitions, technology licensing, long range planning, and new product platform development. He has proven abilities to analyze products, markets, and growth opportunities global/internationally, and then introduce strategic and tactical solutions that improve competitive performance while increasing revenues and profits. Earlier, he was XRAYMEDIA's European LOM President & CEO in that position of responsibility he was responsible for European revenue; leading the management of all activities within XRAYMEDIA's European portfolio of sales, product development and marketing. In his new post as XRAYMEDIA, Inc. President & CEO, Mr. Schulte will fold his previous responsibilities into the added task of increasing overall corporate earnings.
XRAYMEDIA, Inc. President & CEO, Mr. Hans Johannes Schulte, comments on his appointment, " I am very comfortable moving into this new post, working with Mr. Dabney and the rest of our team gives me an inside advantage to this transition. My main goal for XRAYMEDIA will be to continue to add value and exposure to our technology offerings and media product lines in the best interest of our shareholders. We will work on the integration of our marketing position across business sectors, new strategic alliances, acquisitions, technology licensing, long range planning, and new product platform development. We will change and restructure certain corporate criteria and will focus on generating cash flow to allow the company to be self-sufficient. I am very open and always look for the debate with my friends who are supporting the company and me, as I believe it should be a company with the shareholders and for the shareholders."
XRAYMEDIA Founder, Raymond C. Dabney states, "We have built a unique position for XRAYMEDIA since its establishment, and this change is yet another step we are taking with the goal of making further progress. In his actions to date, Hans has shown that he is the best right man for the job. Our existing team will continue to support Mr. Schulte in his transition and so that he can continue to grow the company. We have some outstanding technology and continue to develop it for maximum market reach and multiple industry applications. The move to Europe insulates the Company with more executive support and financing capabilities to move the ball forward very strong. I am proud to have been the one to start the XRAYMEDIA ball moving and I certainly will continue to see it through, regardless of where my semi-retirement and other business ventures take me."
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as ``will,'' ``anticipates,'' ``believes,'' ``plans,'' ``goal,'' ``expects,'' ``future,'' ``intends'' and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about XRAYMEDIA INC., please refer to its Form 10-ksb filed with the Securities and Exchange Commission and available on the SEC website at http://www.sec.gov.
Contact:
XRAYMEDIA
Mr. Hans Johannes Schulte, 1-888-777-0658
info@xraymedia.com
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