Business Services Industry
Viewpoint Names Dell and Sony Veteran Vice President and General Manager of Search Business
Business Wire, May 26, 2006
NEW YORK -- Viewpoint Corporation (NASDAQ: VWPT), a leading internet marketing technology company, today announced the appointment of Tony D'Anna as vice president and general manager of its Search Products Group. In this role, Tony will draw on his past leadership experience at both Dell and Sony Electronics, to evaluate growth opportunities for Viewpoint's search business beyond the existing custom toolbar and Fotomat offerings. At Dell, Tony was responsible for many consumer and B2B businesses for leading multi-billion dollar technology companies.
Mr. D'Anna comes to Viewpoint from Dell Inc., where he directed a sales organization responsible for more than 150 Dell Direct Store locations nationally. In addition, Mr. D'Anna held several senior positions at Sony Electronics, including managing the operations for Sony's Direct Sales Business.
"Tony will leverage his wealth of experience in managing sales and operations for marquis technology companies to define a strategic focus that will drive growth in our search business," said Patrick Vogt, chief executive officer of Viewpoint. "We are confident that he will add tremendous value to our search business and our executive team."
"Viewpoint has a demonstrated track record of innovation and has huge growth potential," said Mr. D'Anna. "I look forward to playing a role as Viewpoint capitalizes on the growing market, relying on its proven technology legacy and strong business plan."
Viewpoint granted 150,000 options to purchase its common stock to Mr. D'Anna at an exercise price equal to the fair market value of Viewpoint's common stock on the date of grant. These grants were approved by Viewpoint's Compensation Committee of the Board of Directors and met the "employee inducement" exception to NASDAQ's rules adopted in 2003 requiring shareholder approval of equity-based incentive plans. The options have been classified as non-qualified stock options, have an exercise price equal to the fair market value on the grant date, have a seven-year term, and vest over 36 months, subject to continued employment and other conditions.
ABOUT VIEWPOINT
Viewpoint is a leading Internet marketing technology company, offering Internet marketing and online advertising solutions through the powerful combination of its proprietary visualization technology and a full range of campaign management services including TheStudio, Viewpoint's creative services group, Unicast, Viewpoint's online advertising group, and KeySearch, Viewpoint's search engine marketing consulting practice. Viewpoint's technology and services are behind the online presence of some of the world's most esteemed brands, including America Online, GE, Sony, and Toyota. More information on Viewpoint can be found at www.viewpoint.com.
The company has approximately 115 employees principally at its headquarters in New York City and in Los Angeles.
FORWARD LOOKING STATEMENTS
This press release contains "forward-looking" statements as that term is defined in the Private Securities Litigation Reform Act of 1995 and similar expressions that reflect Viewpoint's current expectations about its future performance. These statements and expressions are subject to risks, uncertainties and other factors that could cause Viewpoint's actual performance to differ materially from those expressed in, or implied by, these statements and expressions. Such risks, uncertainties and factors include those described in Viewpoint's filings and reports on file with the Securities and Exchange Commission as well as the lack of assurances of growth in Viewpoint's search business.
Copyright (C) 2006 Viewpoint Corporation. All Rights Reserved. Viewpoint, Unicast, TheStudio by Viewpoint and KeySearch are trademarks or registered trademarks of Viewpoint Corporation.
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