Wireless Ronin Appoints John Walpuck as COO and CFO
MINNEAPOLIS, MN -- (Marketwired) -- 04/02/14 -- Wireless Ronin
Technologies, Inc. (OTCQB: RNIN), a leading digital marketing
technology and solutions provider, has appointed John Walpuck as its
Chief Operating Officer and Chief Financial Officer. Mr. Walpuck will
succeed Darin McAreavey, who resigned as Chief Financial Officer
effective as of the close of business on April 2, 2014. Mr. Walpuck
brings nearly 20 years of diverse operational, financial and
technology industry experience to Ronin. His directly related
experience in the technology industry includes digital broadcasting,
digital media monetization, and digital media services. He has served
as an executive officer for publicly traded and privately held
companies ranging in size from $25,000 in startup capital to over $20
billion in revenue. He has an MBA from the University of Chicago, is
a Certified Management Accountant, Certified Public Accountant, and
holds other professional certifications.
"John's diverse background and experience perfectly align with our
current needs and objectives. His financial and operational
experiences speak for themselves. However, he has also demonstrated
the ability to step outside those roles to help companies drive
significant revenue growth," noted Ronin's president and CEO, Scott
Koller. "Having the position of chief operating officer reestablished
will also help support Wireless Ronin's aggressive growth
initiatives. In the near-term, he will be responsible for
facilitating the integration of Broadcast International (BI), a
transformative merger we expect to close this quarter."
Walpuck commented: "I am very excited to join Ronin at this pivotal
stage of the company's development, especially given the pending
merger with Broadcast International. We believe that adding
Broadcast's technology to the RoninCast software platform will create
the most comprehensive offering in the industry. It will also
position the company to capitalize on additional technology and
growth opportunities in the constantly evolving industry landscape."
About Wireless Ronin Technologies
Wireless Ronin Technologies, Inc.
(OTCQB: RNIN) (WRT) is a pioneering marketing technologies company.
WRT combines interactive digital media -- signage, kiosks, mobile,
social media and web -- to create 360-degree solutions so companies
will be "Communicating at Life Speed(R)" to deliver the right content
at the right place at the right time. WRT's turnkey approach includes
strategic consulting, creative development, installation, hosting,
training and support. Since launching its cloud-based RoninCast(R)
content management platform in 2003, WRT has become the leading
digital marketing provider for large-scale deployments in retail,
automotive, food service and public venues. The company is
headquartered in Minneapolis, Minnesota. For more information about
Wireless Ronin, visit www.wirelessronin.com.
This release contains certain
forward-looking statements of expected future developments, as
defined in the Private Securities Litigation Reform Act of 1995.
These forward-looking statements reflect management's present
expectations and estimates regarding operating efficiencies,
increased revenue opportunities, potential new markets, cost savings,
the ability to effectively compete in a highly competitive market and
the value of certain assets relating to the potential transaction
described herein. Nevertheless, and despite the fact that
management's expectation and estimates are based on assumptions
management believes to be reasonable and data management believes to
be reliable actual results from the potential transaction are subject
to future risks and uncertainties, any of which could materially
affect actual performance. Risks and uncertainties that could affect
such performance include, but are not limited to, the following: the
adequacy of funds for future operations; estimates of future
expenses, revenue and profitability; the pace at which the company
completes installations and recognizes revenue; trends affecting
financial condition and results of operations; ability to convert
proposals into customer orders; the ability of customers to pay for
products and services; the revenue recognition impact of changing
customer requirements; customer cancellations; the availability and
terms of additional capital; ability to develop new products;
dependence on key suppliers, manufacturers and strategic partners;
industry trends and the competitive environment; the impact of the
company's financial condition upon customer and prospective customer
relationships, and the impact of losing one or more senior executives
or failing to attract additional key personnel. These and other risk
factors are discussed in detail in the cautionary statement set forth
in the company's Annual Report on Form 10-K filed with the Securities
and Exchange Commission on March 11, 2014.
Investor Relations Contact:
Matt Glover or Michael Koehler
Liolios Group, Inc.
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