P R E S S R E L E A S E
Vidikron Names Allan Russo To Head New Latin America, Caribbean and Pacific Division
JERSEY CITY, NJ -- July 1, 1999--Vidikron of America, the world leader in high-performance Home Theater systems, video projectors and support components, has appointed Allan C. Russo as Director of Sales for Latin America, the Caribbean and the Pacific.
Mr. Russo leads a new division created by Vidikron to bring additional resources to current efforts in Latin America, the Caribbean and selected Pacific rim countries, and to develop new opportunities in these markets. Mr. Russo is based in the Los Angeles area.
We're very pleased to have Allan Russo join our team. His depth of experience in these regions and leadership skills will be a great help in broadening Vidikron's base and expanding customer and dealer support capabilities," said Giovanni Cozzi, President, Vidikron of America.
I'm looking forward to developing these markets in a way that maximizes Vidikron's resources and visibility," said Allan Russo. "Vidikron is already highly regarded in these areas, and well positioned to take advantage of the growing desire for Home Theaters and big-screen entertainment and displays."
Mr. Russo has extensive experience in the development and establishment of international markets, sales strategies and business plans in Latin America, the Caribbean and the South Pacific. He has an in-depth knowledge of foreign markets, distribution, international laws and economics, and speaks several languages.
Prior to Joining Vidikron, Mr. Russo served as Vice President for Recoton Corp., where he was responsible for international market development and sales for several Recoton brands. Earlier, as Vice President for KH Industries in England, he supervised the business in Latin America and the Caribbean of Celestion, KEF and NAD-brand audio equipment and consumer electronics.
Vidikron of America is an arm of Vidikron Technologies Group, Inc. (Nasdaq: VIDI), which is in the business of developing and marketing technological innovations in video projection for the high-end Home Theater and information industries markets, under its premier Vidikron and Projectavision brands. Vidikron distributes its products in over 46 countries worldwide.
The foregoing press release contains forward-looking statements, including statements regarding, among other things, the Company's expectations of its future business. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties, certain of which are beyond the Company's control. Actual results could differ materially from these forward-looking statements as a result of a variety of factors. In light of these risks and uncertainties, there can be no assurance that the forward-looking statements contained in this press release will in fact transpire or prove to be accurate.
J.B. Stanton Communications
Stan Pinkwas (718) 788-7777 Voice
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