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Applied Innovation Announces Realignment of Management Responsibilities10 November 2005
Applied Innovation Inc. (Nasdaq: AINN) today announced two management promotions, effective immediately. Jack Petro, previously the Vice President of Engineering is now the Chief Technology Officer. The Company's Marketing organization will be led by Angela Pinette, now the Vice President of Sales and Marketing. Mr. Petro joined Applied Innovation in May 2002 as Vice President of Engineering. He has more than 20 years of experience designing and developing hardware and software solutions for the telecommunications industry. Before joining Applied Innovation, Mr. Petro was Vice President of Engineering and Technology with Bonita Software where he was involved in the development of wireless data communications products. Prior to that, Mr. Petro had similar management responsibilities at ReadyCom, where he directed the design and development of their gateway for the delivery of multi-media content to wireless devices. Mr. Petro also held engineering management positions with Fujitsu Network Systems and Bell Northern Research/Northern Telecom. Angela Pinette joined Applied Innovation in October 2004 as Vice President of Sales. Prior to joining Applied Innovation, Ms. Pinette was Vice President of Sales for the Americas Region at ADC Corporation. She worked with large wireless carriers in the U.S., Canada and South America with responsibilities for pre-sales, sales, marketing and customer service efforts for the network management software division with a focus on performance management and service quality. Before that, Ms. Pinette held various management positions in sales and marketing at Lucent positioning diverse networking equipment to major telecommunications carriers. Throughout her sales and marketing career, Ms. Pinette has been successful positioning new technology solutions, including VoIP and softswitch, ATM and MPLS infrastructure to the Regional Bell Operating Companies, and infrastructure buildouts and quality of service software to wireless carriers. She began her career at Bell Laboratories as an optical networks hardware and firmware developer and also served a variety of roles at AT&T. Bill Largent, Chief Executive Officer, commented "Jack will invest more effort researching new product and service ideas within the communications marketplace. This will include more direct contact with current and potential customers to enhance the Company's visibility concerning the product needs of our customers who are actively involved in the convergence of data, voice and video within the markets we serve." Mr. Largent continued, "We are committed to expanding our presence in the communications marketplace and will be aggressively pursuing initiatives to increase the Company's sales. Under Angela's leadership, we will be more actively involved from a development, production and sales channel perspective. Additions will be made to our Sales and Marketing team to accelerate achievement of these objectives." About Applied Innovation Applied Innovation is a network management solutions company that simplifies and enhances the operation of complex, distributed voice and data networks. Building on a deep knowledge of network architecture, elements and management, Applied Innovation delivers unique hardware, software and service solutions that provide greater connectivity, visibility and control of network elements and the systems that support them. Applied Innovation, headquartered in Dublin, Ohio, is traded on NASDAQ under the symbol AINN. For more information, please visit the Company's Web site at http://www.AppliedInnovation.com. Safe Harbor Statement This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Those statements include, but are not limited to, all statements regarding intent, beliefs, expectations, projections, forecasts and plans of the Company and its management. These forward-looking statements involve numerous risks and uncertainties, including, without limitation: the demand for telecommunication equipment generally and in particular for the equipment and services offered by the Company; the Company's ability to generate sales orders during 2005 and thereafter; that the anticipated demand for the products and services offered by the Company may decrease as a result of the economic and political climate in which the Company operates; the acceptance of the Company's present products and services and its ability to hire technical staff; the Company's ability to adapt to technological changes; the availability of capital to support the Company's business plans; and other risks and uncertainties detailed from time to time in the Company's Securities and Exchange Commission (SEC) filings, including the Company's Annual Report on Form 10-K for the year ended December 31, 2004. One or more of these factors have affected, and could in the future affect, the Company's business and financial results in future periods and could cause actual results to differ materially from plans and projections. Therefore, there can be no assurances that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company, or any other persons, that the objectives and plans of the Company will be achieved. All forward-looking statements made in this press release are based on information presently available to the management of the Company. The Company assumes no obligation to update any forward-looking statements.
Source: PR Newswire
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