Syscan Appoints Joseph Tassone President and CEO
Market Wire, August, 2007
Syscan International Inc. (TSX VENTURE: SYA) today announced that Joseph Tassone has been appointed President and Chief Executive Officer, effective immediately. Axel Striefler has been appointed Executive Vice President, responsible for International Business Development and Investor Relations.
Mr. Tassone has been a leader in the RFID and security industry for over 20 years and in his career he brought a number of technical firsts to the industry. He was Founder/CEO of iMonitor Corp., a company that developed and brought to market, remotely managed security services, before it was acquired. Prior to founding iMonitor, Mr. Tassone was VP/CTO for Simplex Time Recorder Co. Inc. where he was responsible for all security, card access, ID Management, fire, and audio communication products for this $800 million buildings' systems company.
Chairman of the Board, John A. McLernon, commented "Axel has re-engineered our Company into the recognised RFID specialist it is today. To reach our next stage most effectively and to fulfil our growth aspirations, the Board has taken this step to deepen and expand the capacity of the Executive Management, especially in light of our recent acquisition and international expansion."
Mr. McLernon added, "Joe Tassone's performance, since joining the Company in May 2007, has proven that he has the leadership talents necessary to navigate Syscan's future. With Axel Striefler focusing his talents on expanded International Business Development and therefore strengthening Syscan's position in the RFID Industry, we best utilise our expertise and broader experiences."
Mr. Tassone expressed, "Syscan has a very bright future and I am very excited to take on this new role and responsibility."
About Syscan International Inc.
Syscan is a unique supply chain solution provider that delivers integrated real-time tracking and tracing systems that improve business efficiency through Radio Frequency Identification (RFID). Its standardized supply chain solutions include traceability, temperature monitoring and quality control applications for the food and pharmaceutical sectors, as well as security monitoring of assets and personnel. Shares of Syscan trade on the TSX Venture Exchange under the symbol SYA. There are approximately 47.2 million shares outstanding.
To receive Company press releases, please email walkiria@chfir.com and mention Syscan on the subject line.
The TSX Venture Exchange has not reviewed this release and it does not accept responsibility for its adequacy or accuracy.
Contacts: Syscan International Inc. Axel Striefler 514-631-7144 514-631-0780 (FAX) astriefler@syscan.com Syscan Customer Information 1-888-479-7226 info@syscan.com www.syscan.com CHF Investor Relations Jeanny So 416-868-1079 ext. 225 jeanny@chfir.com
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