Numerex Corp Announces Executive Appointments
ATLANTA, June 5, 2013
ATLANTA, June 5, 2013 /PRNewswire/ --Numerex Corp (NASDAQ: NMRX), a leading
provider of on-demand and interactive machine-to-machine (M2M) enterprise
solutions, today announced three executive appointments.
"Numerex continues to grow and expand its M2M business organically and through
acquisition, which requires us to continuously manage our resources – both
human and financial - to create the efficiencies necessary to deliver
best-in-class innovative products, services, and support," stated Stratton
Nicolaides, chairman and Chief Executive Officer (CEO) of Numerex.
"Along those lines, we have strengthened our executive ranks and re-aligned
our organization, accordingly. Alan Catherall, our Chief Financial Officer
(CFO) for over 10 years, will assume responsibilities for the critical role of
Executive Vice-President of Corporate Development and will continue to support
the Company in several other key areas. We are fortunate to be able to
leverage his considerable financial experience and extensive knowledge of
Numerex's business operations and the M2M industry."
In his new position, Mr. Catherall will continue reporting to Mr. Nicolaides.
Alan will be responsible for identifying new merger and acquisition
opportunities as well as new strategic partners. He will also continue to be
responsible for Numerex's administrative, human resources and legal
Mr. Nicolaides continued, "Also, we are pleased to introduce and welcome
aboard Richard (Rick) Flynt, who has been appointed as our CFO. Rick has
extensive and diversified financial experience and an impressive track record
of success with technology growth companies like Numerex."
Mr. Flynt assumes responsibility for Numerex's global finance and accounting
activities and will report to the company's CEO. Rick joins Numerex most
recently from Immucor Inc. where he served as its CFO. Immucor was formerly
listed on NASDAQ before the sale of the company. He joined Immucor in December
2007 and was engaged in all areas of the business and helped contribute to
significant growth and an increase in shareholder value. The sale of Immucor
for approximately $2 billion generated a 40% premium for Immucor's
shareholders. Prior to Immucor, Rick held positions of increasing
responsibility in financial leadership at Exide Technologies, GTS Energy and
Per-Se Technologies. He earned Bachelor of Business Administration and Master
of Accountancy degrees from the University of Georgia and is a Certified
Public Accountant in the state of Georgia.
Mr. Nicolaides added, "We are pleased to welcome aboard Scott Wiley as Senior
Vice-President of Products and Programs. Scott has deep domain knowledge and
expertise in areas of managed services, particularly in security and
healthcare, and will be a key contributor to our long-term products and
Mr. Wiley has 20 years of experience in managing products and services in the
technology space, most recently at United Technologies where he was Director
of Global Product Management, Fire & Security. Prior to United Technologies,
Scott worked for General Electric for 25 years in increasingly responsible
positions including as Product Marketing Manager, GE Security and as Marketing
& Sales Leader, Services, GE Healthcare. He earned a BA in Management
Information Systems from the University of South Florida and an MBA from
Jacksonville University. Scott will report to Mr. Michael Boyle, Executive
Vice President of Operations. In his role, Mr. Wiley will manage Numerex's
product lines across all delivery platforms.
"We are very excited about Scott joining the Numerex team. He will help us
enhance our customer offerings and partnerships with his strategic thinking,
industry experience and disciplined approach to managing our products,
services, and programs," said Mr. Boyle.
About Numerex Corp
Numerex Corp (NASDAQ: NMRX) is a leading provider of interactive and on-demand
machine-to-machine (M2M) technology and service, offered on a subscription
basis, used in the development and support of M2M solutions for the enterprise
and government markets worldwide. The Company offers Numerex DNA® that may
include hardware and smart Devices, cellular and satellite Network services,
and software Applications that are delivered through Numerex FAST® (Foundation
Application Software Technology). In addition, business services are offered
to enable the development of efficient, reliable, and secure solutions while
accelerating deployment. Numerex is ISO 27001 information security-certified,
highlighting the Company's focus on M2M data security, service reliability,
and round-the-clock support of its customers' M2M solutions. For additional
information, please visit www.numerex.com.
Statements contained in this press release concerning Numerex that are not
historical fact are "forward-looking" statements and involve important risks
and uncertainties. Such risks and uncertainties, which are detailed in
Numerex's filings with the Securities and Exchange Commission, could cause
Numerex's results to differ materially from current expectations as expressed
in this press release. These forward-looking statements speak only as of the
date of this press release, and Numerex assumes no duty to update
Numerex Media Contact:
404 214-0722 ext 102
Investor Relations Contact:
SOURCE Numerex Corp
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