Business Services Industry
Roy M. Avondet Joins FreeHand Systems as Chief Financial Officer
Business Wire, April 4, 2007
NEW YORK & LOS ALTOS, Calif. -- FreeHand Systems International, Inc. (OTC:FSYI), announced today that Roy M. Avondet, who has been working with the company to complete the 2005 and 2006 audited financials, has been designated by the company as Chief Financial Officer. He will continue working to complete the financials for the 2007 fiscal year which ends March 31, 2007.
Mr. Avondet is a retired partner (33 years) with Deloitte & Touche LLP, where he specialized in accounting and auditing for early stage venture capital and public companies. While at Deloitte, Mr. Avondet was Region 10 Managing Partner Assurance and Accounting; Northern Pacific Region Technology Media and Telecommunications Industry Managing Partner, San Jose Office Managing Partner and Audit Partner. Recently he was founder and manager of Lami Park LLC, a strategic consulting and investment firm. Mr. Avondet is a CPA licensed in California and Utah.
In his regional positions with Deloitte, Roy demonstrated success in building new business and service lines. As an audit partner, Roy directed and reviewed Deloitte's services in numerous annual audits, initial public offerings and registration statements, SEC filings, and business combinations.
FreeHand CEO, Kim Lorz, said, "We are excited to have someone of Roy's talent and background leading our financial team. In his initial assignment, he was a major help in completing our fiscal 2006 financial statements audit. He will surely be an asset to our growing company as we build the resources required to drive our success."
FreeHand Systems, Inc. (www.freehandsystems.com) a subsidiary of FreeHand Systems International, Inc. (OTCO:FSYI) is the global leader in digital sheet music publishing. As the manufacturer of the first digital music performance and education tablet, the MusicPad Pro[R] Plus, FreeHand provides the most innovative technology available to the music industry for displaying and publishing digitally delivered sheet music. Additionally, the company's accompanying digital sheet music website, www.freehandmusic.com, offers over 90,000 titles for digital download to print or transfer to the MusicPad Pro.
FreeHand's stock trades on the pink sheets and there is a limited market for their shares and substantial risks. This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements regarding potential sales, the success of the company's business, as well as statements that include the word "believe" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of FreeHand Systems International, Inc. to differ materially from those implied or expressed by such forward-looking statements.. This press release speaks as of the date first set forth above and FreeHand Systems International, Inc. assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, timely development of products, inability to deliver products when ordered, inability of potential customers to pay for ordered products, and political and economic risks inherent in international trade.
Nothing herein shall constitute an offer to sell or the solicitation of any offers to purchase any of the Company's securities. Any such sale must be made pursuant to an effective registration statement or an exemption from registration under the Securities Act of 1933, as amended.
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